Two years later, the company acquired Ascent Solutions, a large-platform software firm based in Dayton, Ohio. Purchase and expansion (2001–2008) Īfter 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. 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. PKWARE grew rapidly in its early years, fueled by enthusiasm from the bulletin board and shareware communities, along with steady business from large corporations, who were eager to minimize the demands on their limited computing resources.
PKWARE NET WORTH ZIP FILE
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. He released his own compression program, which he called PKZIP, in 1989. įollowing a legal settlement with Systems Enhancement Associates Inc., the owners of ARC, Katz stopped distributing PKARC. PKARC represented a radical improvement over existing compression software (including the ARC utility, on which it was based) and rapidly gained popularity among individuals and corporations. PKWARE was founded in 1986 by Phil Katz, a software developer who had begun distributing a new file compression utility, called PKARC, as shareware.
History Compression software (1986–2000) 1.4 Developing and purchasing expanded capabilities (2016–present).More recently, PKWARE has focused on enterprise data protection, developing products that integrate data discovery, encryption, and encryption key management.Īs of, Thompson Street Capital Partners has acquired PKWARE Inc. Katz's ZIP innovations were a rallying point for early online bulletin board system and shareware communities. PKWARE was founded in 1986 by Phil Katz, co-inventor of the ZIP standard. The company is headquartered in Milwaukee, Wisconsin with additional offices in the US, UK and India. These solutions are used by enterprises that need to comply with data protection regulations such as GDPR, CCPA, HIPAA, PCI DSS, TISAX, ITAR, CDPA, LGPD and other emerging laws. is an enterprise data protection software company that provides discovery, classification, masking and encryption solutions, along with data compression software, used by thousands of organizations in financial services, manufacturing, military, healthcare and government.
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