Time for more acquisitions news. Dell has announced that it is buying Credant Technologies, a company that makes data protection solutions for managing and encrypting corporate data sent from endpoints to servers, storage and the cloud.
Also based in Texas like Dell, Credant's technology is designed to work with a company's existing infrastructure for management processes.
Thus, the touted benefits to Credant products mostly revolve around simpler and more flexible security deployment and management. For example, Credant solutions are boasted to be able to "provision users up to 5.5x faster than competitive solutions – saving more than three hours per PC."
According to the announcement, Credant currently secures more than two million endpoints with customers across a variety of industries ranging from retail to financial services to healthcare, among others.
Credant's services are also intended to support multiple mobile operating systems, which hints that the company's portfolio might be of interest to Dell.
Jeff Clarke, president of the End User Computing Solutions unit at Dell, did shed a little more light in prepared remarks as to how Credant will fit in at Dell.
Specifically, Clarke noted that Credant's assets will "complement and extend" Dell's existing device security features for its Latitude, OptiPlex and Precision PCs while also serving as a "differentiated security proposition based on its own Intellectual Property."
Financial terms of the deal have not been disclosed.
With the holidays coming up quickly as well as the end of the quarter, we can expect to see more companies squeezing out similar news about executive changes and acquisitions throughout the week.
Earlier today, Cisco, a Denver-based policy management solutions provider, whcih will be merged with the networking giant's Service Provider Mobility Group.
Additionally, bothand revealed that they had selected new CEOs -- both of whom were hired from within the company.