News

Deal Announcements

PGP Secures $27 Million Third Round Financing

Thursday, June 21, 2007 5:00:00 AM PDT | VentureDeal Staff

PALO ALTO, CA -- Software security company PGP Corporation announced that it has closed its series C round, receiving $27.3 million in new investment.

PGP provides email and data encryption software solutions for enterprise data protection.  The company states that over 80,000 enterprises and governments worldwide use PGP products.

Investors in the round included Intel Capital and the D.E. Shaw Group as well as existing investors DCM and Venrock Associates.  The company intends to use the funding proceeds to fund channel expansion and accelerate technology development.

Email Page  Email Page | Print Page Print Page

Loading

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.