Jersey City, NJ (April 2, 2007) - Comodo, a global Certification Authority and leading provider of Identity and Trust Assurance (ITA) Management solutions, announced today the acquisition of the assets of Privacy Software Corporation (PSC), a privately-owned company that develops security technology for the detection of malware, trojans, spyware and rootkits. Acquired solutions include NSClean, IEClean, BOClean and FileVac.
The acquisition extends Comodo's leadership in threat management, which began with firewall technology and has continued with recent moves into anti-spyware, anti-virus and anti-spam technology. Comodo will continue to market the former PSC solutions as standalone offerings as well as incorporate these products into Comodo's desktop security solution suite.
"This acquisition supports Comodo's strategy to create a best-in-class desktop security suite, and we are delighted to add to our business Kevin McAleavey's expertise and PSC's products, with their well-earned reputation for quality and independence," said Melih Abdulhayoglu, President and CEO of Comodo. "We intend to provide PSC with the resources to continually improve the quality of Comodo solutions. Kevin's extensive depth in detection technologies will bring a new level of protection to users and increase Comodo's current momentum towards becoming the dominant leader in the desktop security segment."
This acquisition reinforces Comodo's commitment to provide a tightly integrated approach to desktop security through technologies that develop extensive white lists in combination with superior approaches for malware detection. Helping customers protect their computers with the highest quality desktop solutions is an important objective for Comodo so that consumers can interact online with trusted access while also dynamically responding to threats.
Sold via the Web, PSC will continue to support current customers without any disruption to services or scheduled updates. The company intends to release BOClean 4.23 in April.
Financial details of the transaction were not disclosed.
Founded by Nancy McAleavey in 1997, Privacy Software Corporation has been committed to providing the most advanced and comprehensive privacy and security tools available to Internet users. As the threats continue to evolve, PSC continues to remain ahead of the curve with the tools required to address these challenges. PSC's mission is to provide and maintain a high level of system protection, ease of use and user satisfaction.
The Comodo companies provide the infrastructure that is essential in enabling e-merchants, other Internet-connected companies, software companies, and individual consumers to interact and conduct business via the Internet safely and securely. The Comodo companies offer PKI SSL, Code Signing, Content Verification and Email Certificate; award winning PC Security software; Vulnerability Scanning services for PCI Compliance; secure e-mail and fax services.
Continual innovation, a core competence in PKI, and a commitment to reversing the growth of Internet-crime distinguish the Comodo companies as vital players in the Internet's ongoing development. Comodo secures and authenticates online transactions and communications for over 200,000 business customers and 3,000,000 users of our desktop security products.
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