Entrust Bags Business Signatures

Authentication specialist Entrust today bought privately held anti-fraud specialist Business Signatures for $50 million in cash, as it looks to boost its data security story.

Business Signatures is a competitor to Cyota, which will soon be part of the EMC portfolio, thanks to its recent $2.1 billion acquisition of RSA. (See EMC Buys RSA, Users Welcome Super-Deal, RSA Ramps Up Revenues , and Did EMC Overpay?.) Cyota, which was bought by RSA back in December, has already been identified as a potential jewel in the crown for EMC, offering the storage vendor a clear path to lucrative deals in the financial sector. (See RSA to Acquire Cyota, EMC Secures RSA for $2.1B, RSA IDs Phishing Technique, and RSA Reports on Fraud.)

"Customers have immediate security requirements that over time will spread across multiple applications and storage devices," said Bill Conner, Entrust CEO, speaking on a conference call this morning. "Sensitive data does not reside in one place, it is fluid and is used across the organization," he added.

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James Rogers, Senior Editor, Byte and Switch