Symbol Technologies Announces Agreement to Acquire Trio Security.HOLTSVILLE, N.Y. -- Acquisition to add Security Expertise and Strengthen Enterprise Mobility Product Offerings for Symbol Customers Symbol Technologies, Inc. (NYSE NYSE See: New York Stock Exchange :SBL SBL Society of Biblical Literature SBL Symbol Technologies, Inc. (NYSE symbol) SBL Spamhaus Block List SBL Space-Based Laser SBL Securities Borrowing and Lending SBL Supreme Beings of Leisure (band) ), The Enterprise Mobility Company(TM), today announced it has agreed to acquire Trio Security, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. . Financial details were not disclosed. Trio Security designs and develops next-generation security solutions for enterprise networks and mobile applications for handheld devices. Trio's security technology on Symbol mobile devices will help provide seamless network roaming and authentication, as well as offer confidence to organizations that their data and intellectual property is inaccessible to those lacking authorization. Trio has been recognized as the first information security developer to integrate 3-factor user authentication See authentication. and single sign-on software technologies with the mobility and functionality of a handheld organizer. The 3-factor authentication system consists of a software key, a password, and user-specific ID such as biometrics or the rhythm, speed and acceleration of a handwritten hand·write tr.v. hand·wrote , hand·writ·ten , hand·writ·ing, hand·writes To write by hand. [Back-formation from handwritten.] Adj. 1. word. For the first time in the industry, digital identity solutions based on 3-factor authentication will provide Symbol customers with secure access to real-time information from the point of capture to the point of management. Symbol will also acquire biometric verification and advanced encryption technologies, including a portable encryption library that will strengthen existing Symbol security products. "The acquisition of Trio Security's technology enhances our robust solutions approach to safeguarding and securing our customers' mission-critical information," said Todd Hewlin, Symbol senior vice president, Global Products Group. "Symbol, along with its solutions partners, is proactively responding to the market requirements for securing devices and WLANs at the edge of the network." The combination of Trio Security's expertise in security solutions development and Symbol's advanced enterprise mobility systems will enable organizations to confidently deploy secure mobile solutions. The Trio Security acquisition will be integrated into the Symbol Mobility Software Division, which is responsible for the development, marketing, delivery, and support of integrated device and network management products. The division currently includes product offerings such as the Mobility Services Platform (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ), Symbol Enterprise Mobility Manager (SEMM SEMM Solar Electric Multimission Spacecraft (NASA) SEMM Smoke Effectiveness Manual Model ), and AirBEAM Safe that provide a foundation to help manage the complexity of future mobile technology deployments in the areas of RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. , VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a , location-aware services, and interoperability with enterprise software and systems. For information on Trio Security, visit http://www.triosecurity.com. About Symbol Technologies Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Symbol enterprise mobility solutions integrate advanced data capture technology, mobile computing platforms, wireless infrastructure, mobility software and world-class services programs under the Symbol Enterprise Mobility Services brand. Symbol enterprise mobility products and solutions are proven to increase workforce productivity, reduce operating costs, drive operational efficiencies and realize competitive advantages for the world's leading retailers, transportation and logistics companies, manufacturers, public sector and government agencies, as well as healthcare, hospitality and security providers. More information is available at www.symbol.com. |
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