Network Associates (NA) has halted its search for a buyer for its PGP (Pretty Good Privacy) desktop and wireless encryption products.
The decision follows the company's attempt, which began last October, to sell off components of its PGP as part of its strategy to redefine its product lines.
Jennifer Keavney, vice president of corporate communications at NA, said offers received for the technology did not measure up to the value of the products.
She added that NA had also integrated some of the PGP encryption in a number of other products from the company's McAfee division.
"This added complexity to the attempted sale, because we needed to keep some level of control over the technology, brought us to the conclusion that we should keep it within NA," she said.
Despite the failure to sell PGP, NA's Gauntlet firewall appliances has been sold to Secure Computing.
"We're pleased with the way it worked out," Keavney said. "As a standalone it's been freeware and just not bringing in the revenue. It's not fiscally feasible."
Keavney said bug fixes will be available for a year and all support contracts will be honoured.
Cryptographer Phil Zimmerman developed PGP in 1991 and released the program as freeware in order to avoid the US federal government's restrictions on strong cryptography. He sold the company to NA in 1997.
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