Network Associates has unloaded its software portfolio based on the security technology PGP (Pretty Good Privacy) to a start-up launched Monday by a collection of security industry veterans.

PGP, a new company formed in July to take over development of the technology, is being backed by $14 million in venture funding from Doll Capital Management and Venrock Associates, according to a statement issued Monday by PGP.

The company's management includes executives formerly in charge of early efforts around the technology, including its president and chief executive officer, Phil Dunkelberger, who headed one of the first companies to sell PGP encryption software.

[ Read more ]

Related items

• Article: Implementation of Chosen-Ciphertext Attacks against PGP and GnuPG (14 August 2002)
• News: What does the future hold for PGP? (23 July 2002)
• Article: PGP Outlook Encryption Plug-in Vulnerability (11 July 2002)
• News: Zimmermann wants PGP open-sourced (2 July 2002)
• Article: Attack on Private Signature Keys of the OpenPGP format, PGP programs and other applications compatible with OpenPGP (4 April 2002)