Trend Micro Completes Acquisition of Mobile Armor
Cooley associate Charles Capito successfully advised Trend Micro on the interagency review process Committee on Foreign Investment in the U.S. (CFIUS), which examines acquisitions that could result in foreign control of a U.S. business where national security issues are involved. The Cooley team satisfied the government's security concerns without changes in the deal.
CUPERTINO, Calif., Feb. 2, 2011 /PRNewswire/ -- Trend Micro Inc., a global leader in Internet content security, today announced that it has completed the acquisition of Mobile Armor, Inc. as of close of business on February 1, 2011. The acquisition agreement between Trend Micro and Mobile Armor was announced on November 29, 2010 and expands Trend Micro's data protection portfolio, extending its encryption offerings to span from endpoints all the way into the public cloud.
The new Trend Micro Endpoint Encryption offering- formerly known as the Mobile Armor Data Armor Suite- delivers the broadest coverage of any solution in the market. One centrally managed encryption solution includes full disk and file/folder capability, delivers software-based encryption and support for self-encrypting drives, and covers PCs, Windows Smartphones and Removable Media. In addition to this breadth of capability in a single solution, pre-defined policies make it simple to set policies while robust reporting readily proves compliance with those policies.
"We are pleased to complete the acquisition of Mobile Armor and welcome our new employees, partners, and customers to the Trend Micro family," said Steve Quane, chief product officer at Trend Micro. "Trend Micro is helping government agencies, enterprise customers, SMBs and consumers around the globe protect their data whether stored on a local PC or mobile device or in a virtualized environment or public cloud."
Trend Micro and Mobile Armor voluntarily notified and requested review of the acquisition by the US Government Committee on Foreign Investment in the United States (CFIUS), and the CFIUS raised no objections to the transaction. CFIUS is an inter-agency committee of the U.S. Government authorized to review transactions that could result in control of a U.S. business in order to determine the effect of such transactions on the national security of the United States. Chaired by the Secretary of the Treasury, CFIUS includes representatives from a number of U.S. Government departments and agencies, including the departments of Homeland Security, Commerce, Defense and State.
Accordingly, Trend Micro Endpoint Encryption is available to organizations around the world seeking to ensure the privacy of sensitive data on their corporate devices of all kinds.
About Trend Micro
Trend Micro Incorporated, a global leader in Internet content security, focuses on securing the exchange of digital information for businesses and consumers. A pioneer and industry vanguard, Trend Micro is advancing integrated threat management technology to protect operational continuity, personal information, and property from malware, spam, data leaks and the newest Web threats. Visit TrendWatch to learn more about the latest threats. Trend Micro's flexible solutions, available in multiple form factors, are supported 24/7 by threat intelligence experts around the globe. Many of these solutions are powered by the Trend Micro Smart Protection Network infrastructure, a next-generation cloud-client innovation that combines sophisticated cloud-based reputation technology, feedback loops, and the expertise of TrendLabs(SM) researchers to deliver real-time protection from emerging threats. A transnational company, with headquarters in Tokyo, Trend Micro's trusted security solutions are sold through its business partners worldwide. Please visit www.TrendMicro.com.