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PGP Buys Product Lines >From Network Associates DOW JONES NEWSWIRES PGP Corp. acquired Network Associates Inc.'s PGP desktop and wireless encryption product lines. Network Associates, Santa Clara, Calif., said in October it planned to sell the PGP, or "Pretty Good Privacy," product lines as part of it plan to refocus on three core products, including its McAfee antivirus software. PGP Corp., a new venture whose management includes former PGP executives, developers and patent holders, said it completed the purchase of the products on July 26. The two companies didn't disclose the value of the transaction. The companies said PGP Corp. will acquire PGPmail, PGPfile, PGPdisk, PGPwireless, PGPadmin and PGPkeyserver encryption software products for Win32 and Macintosh, the PGPsdk encryption software development kit, and the PGP corporate desktop product for Macintosh. Network Associates customers for those products will be migrated to PGP Corp. by Oct. 26. PGP Corp., Palo Alto, Calif., has raised $14 million of funding from Doll Capital Management and Venrock Associates. Updated August 19, 2002 4:30 p.m. EDT ________________________________________________________ Current version is 1.61 | "Using TBUDL" information: http://www.silverstones.com/thebat/TBUDLInfo.html
