PGP hints at secure instant messaging

Monday, 26 May 2003, 3:47 PM EST

During a phone interview, Dunkelberger made reference to IM as an area that has significant potential for innovation.

"Messages of all types need to be secure," he said.

The company was founded following the buy back by its original founders in June last year, after Network Associates decided to sell the brand after five years of limited success.

The original group sold the brand to Network Associates for US$35 million in cash with US$4 million in other options, and although the terms of the buy-back are not on the public record, the newly formed PGP kicked off with a total capital of only US$14 million sourced from investors.

"I don't know if we made a killing... time will tell if new the products are well accepted," he said.

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