
PKWARE, Inc. is an enterprise software company headquartered in Milwaukee, Wisconsin, with offices in the US and UK. The company provides encryption and data compression software used by thousands of organizations in banking, financial services, healthcare and government. PKWARE was founded in 1986 by Phil Katz, co-inventor of the ZIP standard. Katz's ZIP innovations were a rallying point for early online bulletin board system and shareware communities. More recently, PKWARE has focused on enterprise data protection, developing products that integrate data discovery, encryption, and encryption key management.

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History
Phil Katz and PKZIP (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 rapidly gained popularity among individuals and corporations. 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 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. 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.
Purchase and expansion (2001-2008)
In 2000, PKWARE founder Phil Katz died at the age of 37. The following year, his family sold the company to a new management team led by George Haddix and backed by investment-banking firm Grace Matthews. Two years later, the company acquired Ascent Solutions, a large-platform software firm based in Dayton, Ohio.
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. 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. In 2012, PKWARE released Viivo, a cloud encryption solution designed 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.
Smartcrypt (2016-)
PKWARE released Smartcrypt, a data protection platform combining encryption, data discovery, and encryption key management, in 2016.

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. This Application Note ensures continued interoperability of the .ZIP file format for all users.

Patents
Phil Katz was granted a patent in September, 1991, for his efficient search functions used in the PKZIP compression process. In 2001 and 2005, PKWARE was awarded patents for patching technology used within PKZIP products. In 2005, PKWARE was awarded a patent for methods used to manage .ZIP files within the Windows file manager and Outlook. In total PKWARE holds four patents, has over fourteen pending patents and is referenced in over eighty patents.
Awards
PKWARE is frequently recognized for its contributions to data compression and data protection technology. In 2002, the company was awarded PC Magazine's Editors' Choice for data compression software. More recently, PKWARE has earned a 2016 Govie award for government security from Security Products and has been regularly included in the Cybersecurity 500 rankings from Cybersecurity Ventures.
Source of the article : Wikipedia
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