According to a Thursday statement, security software biggie, the Mountain View-based Symantec, said that its $370-million acquisition of two-privately-held companies – the $300 million for Menlo Park-based PGP; and the $70 million for San Francisco-based GuardianEdge Technologies – will help the company gain technology for protecting e-mails and data.

As per Symantec, the takeover of encryption specialist PGP and endpoint security vendor GuardianEdge, will enable the companies’ amalgamated specialties in standards-based encryption for e-mail, file systems, removable media and smartphones, perfectly complement Symantec’s own security products like gateway, endpoint security and data-loss prevention software.

Symantec further said that both PGP and GuardianEdge will become part of Symantec’s Enterprise Security Group, which is headed its senior Vice President Francis deSouza.

As a result of the two acquisitions, Symantec will boats greater ability in helping corporate customers as well as consumers protect their information, via data encryption and other techniques – thereby offering a higher level of security in case of loss or theft of data.

While PGP has over 110,000 corporate and government customers, GuardianEdge’s technology has been used by Lockheed Martin and the US Department of Defense. Symantec is hopeful that the both the acquisition deals, which are subject to regulatory approval, will likely close by June this year.