PGP buys Chosen Security for trusted ID management

PGP announced Tuesday that it has acquired TC TrustCenter and its U.S.-based parent, Chosen Security to extend its encryption capabilities to third-party applications and transactions. The deal enables PGP to now offer an "on-demand platform for managing trusted identities used for encryption, authentication and secure collaboration." The new division will be led by Rajiv Dholakia, the previous vice president of corporate development and strategy for PGP. Terms of the deal were not disclosed. — DK