Facebook to acquire Internet security company PrivateCore

SAN FRANCISCO Thu Aug 7, 2014 11:19pm IST

A Facebook logo on an Ipad is reflected among source code on the LCD screen of a computer, in this photo illustration taken in Sarajevo June 18, 2014. REUTERS/Dado Ruvic/Files

A Facebook logo on an Ipad is reflected among source code on the LCD screen of a computer, in this photo illustration taken in Sarajevo June 18, 2014.

Credit: Reuters/Dado Ruvic/Files

Related Topics

Stocks

   

SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday it will to acquire a company that helps protect the computers and data centers that power Internet services.

Facebook did not disclose financial terms for the acquisition of PrivateCore, which was founded in 2011 and is based in Palo Alto, California. PrivateCore raised $2.25 million in funding in 2012 from Foundation Capital.

Facebook, the world's largest Internet social network with 1.32 billion monthly users, said that PrivateCore's technology can "validate and secure" server data and can protect computer servers from "persistent malware, unauthorized physical access, and malicious hardware devices."

"I’ve seen how much people care about the security of data they entrust to services like Facebook," Facebook Chief Security Officer Joe Sullivan wrote in a post on Facebook announcing the deal.

The deal comes amid a growing number of high-profile data breaches. Earlier this week, The New York Times reported that a cybersecurity firm uncovered about 1.2 billion Internet logins and passwords amassed by a Russian crime ring.

(Reporting by Alexei Oreskovic; Editing by Leslie Adler)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Tech Smart Farmers

Reuters Showcase

Alibaba IPO

Alibaba IPO

Alibaba options to be listed on ISE on Sept 29 pending IPO  Full Article 

Tax Measures

Tax Measures

OECD unveils proposals to curb corporate tax avoidance  Full Article 

UPS Hiring

UPS Hiring

UPS to hire up to 95,000 temp workers for holiday season  Full Article 

Watson Tool

Watson Tool

IBM launches Watson tool for business clients   Full Article 

Starters Bootcamp

Starters Bootcamp

Europe’s startups get bootcamp booster  Full Article 

Relief For Uber

Relief For Uber

German judge lifts temporary ban on Uber ride-sharing  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage