EMC has signed a definitive agreement to acquire Valyd Software, an Indian vendor of software for securing enterprise data. EMC did not disclose the sum it will pay for Valyd, a privately held company.
Valyd's software will be brought into RSA, the security division of EMC that was set up last year to integrate products from its acquisition of RSA Security and Network Intelligence. The acquisition was expected to close in the first quarter, the Hopkinton, Massachusetts, vendor of storage management and security software said.
Valyd's technology for encrypting and securing data at the database and file system level would lead to the introduction of two new products from the RSA division, after the acquisition was complete, president of EMC India, Manoj Chugh, said.
RSA Database Security Manager would address security of data on a variety of database management systems, while RSA File Security Manager would secure data security at the file and folder level, Chugh said.
A focus of the RSA division was on products that manage and secure enterprise-wide information assets regardless of where they reside on the network, Chugh said. Valyd's technology, which runs on a large variety of operating systems and database systems, fitted well into the strategy of the RSA division.
Valyd Software was set up in 1998 to develop software to secure enterprise data. The company has more than 50 staff in Hyderabad, which would be increased to 100 by the end of this year, Chugh said. The Hyderabad operation would focus on the development and enhancement of the new security products.
Indian product companies have emerged as acquisition targets for multinational companies. Oracle, for example, has acquired a majority stake in Indian financial software company, i-flex Solutions.
"India was until now perceived as a low-cost location for outsourcing work, rather than as a place where you could find top quality innovation and intellectual property," Chugh said.