PGP Corporation

PGP Corporation

Former headquarters of PGP Corporation located in Menlo Park
Company type	Subsidiary
Industry	Computer Software
Founded	2002 (2002) Menlo Park, California, U.S.
Headquarters	Menlo Park, Salt Lake City, London, Frankfurt, Tokyo
Products	Encryption applications and management platform
Number of employees	225 (2006)
Parent	Broadcom
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PGP Corporation was a software firm focused on developing encryption solutions based on Pretty Good Privacy. Established in 2002, it was acquired by Symantec in 2010 and subsequently became part of Broadcom in 2019.

History

In June 2002, Jon Callas and Phil Dunkelberger (who served as CEO) co-established PGP Corporation in Menlo Park, California. The company obtained investments from Doll Capital Management and Venrock Associates. It held ownership of the Pretty Good Privacy (PGP) software initially created by Phil Zimmermann. Introduced in 1991, PGP was a groundbreaking tool for public-key cryptography that gained widespread use for securing communications and encrypting emails. In August 2002, PGP Corporation purchased the software rights from Network Associates (NAI) and launched version 9 in 2005.

The organization redirected its efforts toward serving enterprise clients by addressing corporate encryption requirements. By 2004, it revealed intentions to combine its offerings with Symantec’s antivirus solutions. Co-founder Callas exited the company in 2009 to focus on security consulting endeavors.

February 2010 marked an expansion phase when PGP Corporation acquired the certificate authority TC TrustCenter along with its parent company ChosenSecurity, creating the PGP TrustCenter division.

On April 29, 2010, Symantec Corp. completed the acquisition of PGP Corporation for roughly $300 million in cash; the transaction was finalized by June of that year. Later, in August 2019, Broadcom Inc. announced the purchase of Symantec’s Enterprise Security software segment, which included PGP Corporation.