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PKWare

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PKWARE, Inc
Company typePrivate
Industry
Founded1986; 38 years ago (1986)
FounderPhil Katz
Headquarters
201 E. Pittsburgh Ave., Ste. 400, Milwaukee, WI
,
U.S.
Area served
Worldwide
Key people
Spencer Kupferman (CEO), Steve VanHandel (COO)
Products
Brands
  • PK Protect
  • PK Masking
  • PK Privacy
  • PK Classification
  • PK Encryption
  • PK Discovery
  • SecureZip
  • PKZip
Websitewww.pkware.com

PKWARE, Inc. is an enterprise data protection software company that provides discovery, classification, masking and encryption software, along with data compression software, used by organizations in financial services, manufacturing, military, healthcare and government. The company's products are intended to assist other companies in complying with various data protection regulations such as GDPR and CCPA. The company is headquartered in Milwaukee, Wisconsin with additional offices in the US, UK and India.[citation needed]

PKWARE was founded in 1986 by Phil Katz, co-inventor of the ZIP standard.

Thompson Street Capital Partners acquired PKWARE Inc. in 2020.[1]

History

Compression software (1986–2000)

PKWARE was founded in 1986 by Phil Katz, a software developer who had begun distributing a new file compression utility, called PKARC, as shareware. PKARC represented a radical improvement over existing compression software (including the ARC utility, on which it was based) and gained popularity among individuals and corporations.[2] Following a legal settlement with Systems Enhancement Associates Inc., the owners of ARC, Katz stopped distributing PKARC. He released his own compression program, which he called PKZIP, in 1989. PKZIP was the first program to use the new ZIP file format, which Katz developed in conjunction with Gary Conway and subsequently released into the public domain. PKWARE grew in its early years by business from large corporations.[2] The ZIP format proved so popular that it became the de facto standard for data compression and remains in use throughout the world after more than 30 years.[2]

Purchase and expansion (2001–2008)

After Katz died in 2000, his family sold the company to a new management team led by George Haddix and backed by investment-banking firm Grace Matthews.[3] Two years later, the company acquired Ascent Solutions, a large-platform software firm based in Dayton, Ohio.[4]

SecureZIP, a program that combined PKZIP's data compression with enhanced encryption functionality, was released in 2004. In the following years, PKWARE continued to add support for large and small platform operating systems and introduced new features for both PKZIP and SecureZIP.

Shift toward data protection (2009–2015)

A new ownership group including company management, Novacap Technologies, and Maranon Capital acquired PKWARE in 2009.[5] The company's new CEO, V. Miller Newton, steered the company toward an increased focus on its encryption products, in response to growing concerns about data security among PKWARE's customers in industries such as healthcare and government.[6] In 2012, PKWARE released Viivo, a cloud storage encryption product to help customers secure data stored on Dropbox and other cloud storage services. Viivo received attention for having been developed outside of traditional methods in an effort toward "disruptive innovation" in the emerging cloud security market.[5]

Developing and purchasing expanded capabilities (2016–present)

PKWARE released Smartcrypt, a data protection platform combining encryption, data discovery, and encryption key management, in 2016. In 2018, PKWARE added Data Classification with Data Redaction to support PCI DSS compliance added one year later in 2019.

PKWARE was then purchased by Thompson Street Capital Partners in May 2020. After acquiring Dataguise in November 2020, the companies were merged under the single PKWARE name. Products from both legacy companies were renamed according to the new PK branding structure and the combined company received new branding to support the changes. These expanded capabilities enable PKWARE to offer data protection for structured data, unstructured data and semi-structured data.

Acquisitions

On May 13, 2020, Thompson Street Capital Partners acquired PKWARE for an undisclosed sum.[1][7] Under Thompson Street, PKWARE acquired Dataguise on November 10, 2020, for their sensitive information detection technologies ("data discovery").[8][9]

Products

In addition to its data compression and encryption products, PKWARE continues to maintain the ZIP file format standard in the public domain. The company publishes an Application Note on the ZIP file format, providing developers a general description and technical details of the ZIP file storage specification.[10] This Application Note ensures continued interoperability of the ZIP file format for all users.

Product name Description
ZIP Reader ZIP Reader is a free Windows utility.[11] Any ZIP file can be opened with the reader program, regardless of where it was created. To open an archive, the user can drag and drop the desired zip file over the program, and it will extract. A second method is to simply select which file to extract from within the utility. An email address is required to download ZIP Reader from the PKWARE website.[11]
PKZIP PKZIP is a software utility that allows the compression and decompression of multiple files and folders into a single archive or multiple archives. The name combines the initials of company founder Phil Katz with “zip”, a reference to the software's speed.[2]

Originally, PKZIP was written as shareware for DOS. Since its creation, PKWARE has expanded support of PKZIP to Windows Desktop, Windows Server, UNIX, Linux, and IBM i and zSeries platforms. Later versions of PKZIP include strong encryption algorithms to accommodate security needs.[12]

SecureZIP SecureZIP was released in 2004 as an extension of PKZIP. SecureZIP contained the same compression and passphrase protection as PKZIP but also introduced digital signature authentication and digital certificate-based encryption.[13]

In 2006, the company added a new option called SecureZIP PartnerLink, through which customers can become "sponsors" and provide an unlimited number of SecureZIP Partner licenses to the organization's business partners.[14] PKWARE added support for OpenPGP encryption in 2011, along with new features that allow SecureZIP to integrate with data loss prevention technology.[15] In 2012, the company released mobile versions of SecureZIP for Android and iOS devices.[16][17]

Viivo Viivo, a cloud encryption service, was released in 2012. PKWARE made an end-of-life announcement for Viivo in 2017, with support continuing until July 1, 2018.[18]
Smartcrypt Launched in 2016, Smartcrypt is PKWARE's newest data protection tool, combining data discovery, encryption, and encryption key management. Smartcrypt includes a web-based management console, from which administrators can apply encryption policies across an organization's user devices and network resources.
PK Protect Suite Rebranded in 2021 after the acquisition of Dataguise, the PK Protect suite encompasses all former PKWARE and Dataguise products and offers tools for managing personal data and other sensitive data through data discovery, classification, masking, redaction and encryption. PK Protect includes the following product categories, which are offered to be purchased individually or as a bundle:
  • PK Discovery – finds sensitive data wherever it lives in the enterprise
  • PK Classification – categorizes data for tagging and reporting
  • PK Masking – irreversible data protection that is auditable
  • PK Encryption – file encryption for data protection and analytics
  • PK Privacy – manages data retention policies and responds to DSAR

Patents

Phil Katz was granted a patent in September 1991, for the search functions used in the PKZIP compression process.[19] In 2001 and 2005, PKWARE was awarded patents for patching technology used within PKZIP products.[20] In 2005, PKWARE was granted a patent for methods used to manage .ZIP files within the Windows file manager and Outlook.[21] In total PKWARE holds[when?] four patents, has over fourteen pending patents and, as of May 2020, is referenced in over two hundred patents.[22]

Awards

2002

  • PKWARE was awarded PC Magazine's Editors' Choice for data compression software.[23]

2016

  • PKWARE Smartcrypt was awarded Security Products' GOVIES Government Security Awards for Encryption[24]

2020

  • PKWARE was awarded the gold 2020 Cybersecurity Excellence Award for Data Redaction and the bronze 2020 Award for Data Redaction[25]

2021

  • PKWARE was awarded the gold 2021 Cybersecurity Excellence Award for Database Security, the silver Award for Compliance Solution and the Silver Award for Data-Centric Security[26]
  • PKWARE was awarded the American Business Awards Gold Stevie® for Governance, Risk & Compliance Solution, and the American Business Awards Gold Stevie® for International Data Protection Solution[27]

See also

References

  1. ^ a b Collins, Caroline (May 13, 2020). "Thompson Street Capital Partners Announces Acquisition of PKWARE Inc". Business Wire. Retrieved May 14, 2020.
  2. ^ a b c d Matt Murray and Jeffrey A. Tannenbaum (June 19, 2000). "The Rise and Fall of a Software Star; Phil Katz Loved Code – and Liquor". wsj.com.
  3. ^ Gertzen, Jason. "Management team purchases PKWARE: Brown Deer firm leads in data compression." Milwaukee Journal Sentinel. March 16, 2001
  4. ^ "PKWARE Acquires Ascent Solutions, Inc". excnext.com. Archived from the original on June 15, 2011.
  5. ^ a b Kathleen Gallagher. "Milwaukee-based PKWare changes hands". jsonline.com.
  6. ^ Kathleen Gallagher. "CEO's move to PKWare based on location". jsonline.com. Archived from the original on November 17, 2009.
  7. ^ "Thompson Street Capital Partners Acquires Data Protection Provider PKWARE". Thompson Street Capital Partners. Retrieved November 10, 2020.
  8. ^ "PKWARE Announces The Acquisition Of Dataguise". PKWARE. PKWARE, Inc. Retrieved November 10, 2020.
  9. ^ Abramson, Daniel (November 10, 2020). "PKWARE Announces the Acquisition of Dataguise". Business Wire. BackBay Communications. Retrieved November 10, 2020.
  10. ^ "Vagas de Emprego Sync2it". Retrieved February 2, 2017.
  11. ^ a b "Free Zip Reader". viloria.com.
  12. ^ "What is PKZIP (or PKZip)? - Definition from WhatIs.com". WhatIs.com.
  13. ^ "SecureZIP". TheFreeDictionary.com.
  14. ^ "PKWARE Extends Data Security Software to Support OpenPGP" (PDF).
  15. ^ "SecureZIP for iOS targets employee side of BYOD". March 19, 2021.
  16. ^ "PKWARE Offers First Enterprise-level Security App on Google Play" (PDF).
  17. ^ "Index Page". CompletelyPrivateFiles. Archived from the original on April 24, 2017. Retrieved April 24, 2017.
  18. ^ Patent 5,051,745
  19. ^ Patent 6,289,509 and Patent 6,952,823
  20. ^ Patent 6,879,988
  21. ^ Patent Search
  22. ^ "PC Magazines' Editors' Choice Award: PKZip 4.5". PCMAG.
  23. ^ "Security Products and securitytoday.com Announce The Govies Government Security Award Winners for 2016". 1105 Media.
  24. ^ "Cybersecurity Excellence Awards 2020". Cybersecurity Excellence Awards. January 30, 2020.
  25. ^ "Cybersecurity Excellence Awards 2021". Cybersecurity Excellence Awards. February 25, 2021.
  26. ^ "American Business Awards 2021". The Stevie® Awards.
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