Hewlett-Packard (NYSE: HPQ) has agreed to buy encryption technology firm Voltage Security for an undisclosed sum in a bid to help organizations secure financial transactions and manage sensitive workloads.
The acquisition is intended to complement HP’s data protection offerings for cloud computing, mobile and big data environments, according to a blog post by Art Gilliland, senior vice president and general manager of HP’s enterprise security products business.
HP expects to close the transaction in the first half of its 2015 fiscal year and Voltage will be a part of HP’s Atalla encryption subsidiary.
Voltage-made enterprise platforms are designed to protect information stored in Hadoop and data centers without the need for users to reconfigure their applications.
The company has also developed an identity-based encryption technology for on-premise and mobile email services.