Network Associates Drops Plan To Sell PGP

Network Associates

A company spokeswoman confirmed Thursday that the company dropped its plan to sell its desktop and wireless PGP products.

"The offers we were getting didn't meet the value of the technology," the spokeswoman said.

The software vendor, based here, last fall put the PGP products and Gauntlet firewall product lines up for sale. Last month, it sold the Gauntlet line to San Jose, Calif.-based Secure Computing.

A complicating factor in the PGP deal was that the technology is used in several products in Network Associates' McAfee division, which requires the company to continue to have access to the technology, the spokeswoman said.

There will be no development on the desktop and wireless PGP products, she said. The company plans to provide bug fixes for a year and will honor support contracts.

In an interview last month, Network Associates CEO and Chairman George Samenuk said the company decided to sell Gauntlet and the PGP lines because the products were not leaders in their respective markets.