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:

Uber Trouble

REUTERS SHOWCASE

Lakhvi's Bail

Lakhvi's Bail

Pakistan court bails man accused of masterminding Mumbai attack.  Full Article 

PM's Moves

PM's Moves

Modi moves in to speed up $300 billion stuck projects.  Full Article 

Coal Unions

Coal Unions

Coal India workers threaten five-day strike, stokes output worries.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market.  Full Article 

Peshawar attack

Peshawar Attack

Some Pakistan militants denounce school attack, amid national outrage.  Full Article 

Uber Again

Uber Again

Uber driver in Boston charged with kidnapping and rape.  Full Article 

Discounts

Discounts

Dealers offer gold discount for first time in five months.  Full Article 

"PK" in Cinemas

"PK" in Cinemas

Secret of year's "biggest" Bollywood film is its plot.  Full Article 

Reuters India Mobile

Reuters India Mobile

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