Comodo Acquires Assets of Privacy Software Corporation (PSC)

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Released on: 2, April 2007
, Author: Comodo Group
, Audience: Software related

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Jersey City, NJ (April 2, 2007) - Comodo, a globalCertification Authority and leading provider of Identity and Trust Assurance (ITA)Management solutions, announced today the acquisition of the assets of PrivacySoftware Corporation (PSC), a privately-owned company that develops securitytechnology for the detection of malware, trojans, spyware and rootkits. Acquiredsolutions include NSClean, IEClean, BOClean and FileVac.

The acquisition extends Comodo's leadership in threat management, which began withfirewall technology and has continued with recent moves into anti-spyware,anti-virus and anti-spam technology. Comodo will continue to market the former PSCsolutions as standalone offerings as well as incorporate these products intoComodo's desktop security solution suite.

"This acquisition supports Comodo's strategy to create a best-in-class desktopsecurity suite, and we are delighted to add to our business Kevin McAleavey'sexpertise and PSC's products, with their well-earned reputation for quality andindependence," said Melih Abdulhayoglu, President and CEO of Comodo. "We intend toprovide PSC with the resources to continually improve the quality of Comodosolutions. Kevin's extensive depth in detection technologies will bring a new levelof protection to users and increase Comodo's current momentum towards becoming thedominant leader in the desktop security segment."

This acquisition reinforces Comodo's commitment to provide a tightly integratedapproach to desktop security through technologies that develop extensive white listsin combination with superior approaches for malware detection. Helping customersprotect their computers with the highest quality desktop solutions is an importantobjective for Comodo so that consumers can interact online with trusted access whilealso dynamically responding to threats.

Sold via the Web, PSC will continue to support current customers without anydisruption to services or scheduled updates. The company intends to release BOClean4.23 in April. All support questions should continue to be sent tosupport@nsclean.com

Financ ial details of the transaction were not disclosed.

About Privacy Software Corporation

Since 1997, Privacy Software Corporation has been committed to providing the mostadvanced and comprehensive privacy and security tools available to Internet users.As the threats continue to evolve, PSC continues to remain ahead of the curve withthe tools required to address these challenges. PSC's mission is to provide andmaintain a high level of system protection, ease of use and user satisfaction.

About Comodo

Comodo, through its group of Internet security companies, is a leading CertificationAuthority and global provider of Identity and Trust Assurance services on theInternet. Comodo secures and authenticates online transactions and communicationsfor over 1,000,000 businesses and millions of consumers. With a global presence inthe US, UK, Ukraine, and India, Comodo offers businesses and consumersthird-generation solutions for intelligent security and authentication technologiesthat create trust online. Comodo's technological expertise includes PKI digitalcertification, integrated authentication infrastructure services, regulatorycompliance solutions, and digital e-commerce services.

The Comodo companies develop technologies that address critical authentication andsecurity needs with proven and reliable solutions such as SSL certificates, MutualAuthentication solutions, PCI compliancy services, Web Content authentication,Authentication email solutions, Desktop Security solutions, Code signingcertification, digital e-commerce white list technologies, Two Factor identityassurance and vulnerability management solutions.

For additional information on Comodo - Creating Trust OnlineƂ visit www.comodo.com


Source: Express-Press-Release.com
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