HP is acquiring Voltage Security, a provider of enterprise encryption, tokenization, and encryption key management software for e-mails, documents, payments data, and other content. Terms are undisclosed.
Voltage's offerings will complement HP's Atalla data/payments security software. The IT giant praises the ability of Voltage's products to "allow enterprises to use protected data in applications without having to re-architect their applications or adopt fragmented frameworks" - technologies such as format-preserving encryption and stateless tokenisation help - and proclaims the deal will allow it to "offer customers unparalleled data protection capabilities built to close the gaps that exist in traditional encryption and tokenization approaches.
Security spending has been easily outpacing broader IT spend, and that trend is expected to continue in 2015 as companies invest heavily in cybersecurity following a slew of high-profile breaches. However, fast-growing upstarts such as Palo Alto Networks, FireEye, and Fortinet have been taking share at the expense of IT giants.