Milpitas, Calif. -- nCipher, a Massachusetts-based developer of data protection technology, said on Tuesday that it has acquired NeoScale Systems, a Milpitas-based maker of encryption and key management products for the storage security industry, from private equity firm Hercules Technology for about $1.95 million. NeoScale makes a series of appliance-based encryption products under the CryptoStor brand. Its technology is designed to protect information to avoid concerns over data privacy in the event that back-up tapes are stolen or misplaced. nCipher said that it has recruited key members of the NeoScale team and plans to continue operations from the same Milpitas facility.
http://www.ncipher.com/company/news/news.php
http://www.neoscale.com/
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