PGP takes bets on network cache

PGP, the encryption technology company previewed a few weeks back, has just received a $10 million equity infusion which they are going to be using for research and development in the networking realm.

We’ve seen other deals in this space, and its my bet we are going to see a lot more.

Gotta note that during a meeting today, a colleague brought up the subject of email encryption, stating that in upwards of 80% of large company CEOs use email encryption even if it hasn’t been deployed throughout their organization. Couldn’t find any published stats offhand to validate this claim, so I am hoping someone out there could for me.

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