• 2
  • 1
  • Favorite

Amazon's AWS buys message encrypting service Wickr

Reuters2021-06-26

June 25 (Reuters) - Amazon.com Inc's cloud computing unit has bought encrypted messaging platform Wickr to enable secure communication as employees largely work from home, the company said on Friday.

Wickr, a startup founded by privacy advocates, offers to help develop self-destructing messaging technology for financial services firms and gaming companies.

The value of the deal was not disclosed.

Companies moving to hybrid work environments due to the COVID-19 pandemic are increasingly focusing on protecting their communication with business partners across remote locations.

"The need for this type of secure communications is accelerating," said Stephen Schmidt, chief information security officer at Amazon Web Services.

Amazon has also been striving to bag cloud contracts from government agencies and has been in a prolonged battle with Microsoft Corp after it lost a multi-billion-dollar Pentagon deal.

Schmidt said Wickr would give security-conscious enterprises and government agencies the ability to implement security controls, helping them meet their compliance requirements.

AWS is offering Wickr services effective immediately and Wickr customers, channel, and business partners can continue to use its services, he said.

(Reporting by Nivedita Balu in Bengaluru; Editing by Vinay Dwivedi)

((Nivedita.Balu@thomsonreuters.com; +1 646 223 8780; Twitter: @niveditabalu;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • zooj
    ·2021-06-27
    Strong plays by amazon
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial