CloudLock Acquires Innovode Technology, Hires Key Team Members
June 13, 2014
Grazed from TalkinCloud. Author: CK Arlotta.
CloudLock on Thursday announced its acquisition of Innovode, the cloud-based file security company known for Innovode Armor — an integrated encryption solution for Google Drive. The financial terms of the deal were not publicly disclosed, but the Waltham, Massachusetts-based cloud information security provider said it has acquired Innovode’s technology and hired key team members as part of the transaction.
To further accelerate its product innovation and introduce additional expertise, CloudLock will work Innovode’s technology into its current offerings, the company said. In a letter to customers, Innovode said the deal will further implement its "cloud security vision within CloudLock’s cloud service portfolio":…
"When we first met with the CloudLock team, we saw an entrepreneurial organization that, like us, sees the cloud as an opportunity rather than a problem and cloud security as a way to accelerate business objectives rather than as a blocker. By joining CloudLock, we will be able to make even greater leaps in the level of security that governs cloud resident data, particularly for organisations."…
Read more from the source @ http://talkincloud.com/cloud-computing-mergers-and-acquisitions/cloudlock-acquires-innovode-technology-hires-key-team-membe