The chief executive of PGP Corporation, Phillip Dunkelberger, has hinted the company will release a secure instant messaging (IM) application following the re-launch of the brand in June last year. 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. Full Story
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