ViaSat Buys Data Encryption Technology

6/4/10

ViaSat (NASDAQ: VSAT), the Carlsbad, CA-based provider of satellite-based digital media and wireless communications technologies, plans to buy privately held Stonewood Group of Dorset, England, in a cash and stock deal valued at $20 million, according to a statement today. Stonewood’s products are used to encrypt data on computer hard drives so that a lost or stolen laptop does not result in the compromise of classified information or the loss of intellectual property. ViaSat Vice President Jerry Goodwin says Stonewood’s encryption products will enhance the technology ViaSat already has for protecting its wireless secure networks, which now require more secure data storage at the edges of its network.


Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @

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