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Facebook to acquire Internet security company PrivateCore
August 7, 2014 / 5:53 PM / 3 years ago

Facebook to acquire Internet security company PrivateCore

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.

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

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

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