Symantec Completes Acquisition of Bindview
Combined Company to Provide Comprehensive, Flexible End-to-End Solution for Policy Compliance and Vulnerability Management
CUPERTINO, Calif. - Jan 9, 2006 - Symantec Corp. (Nasdaq: SYMC) today announced that it completed its acquisition of BindView Development Corporation, a global provider of agent-less IT security compliance software, effective at the end of the day on Jan. 6, 2006. The acquisition agreement between Symantec and BindView was announced on Oct. 3, 2005.
Agent-based and agent-less policy compliance solutions are complementary capabilities in the IT environment, and they address different customer needs. Symantecís agent-based technology architecture offers full-featured compliance and vulnerability management and is well-suited for enterprises that have complex and heterogeneous IT environments. BindViewís agent-less architecture, which is less IT staff-intensive, is ideal for organizations faced with managing a large number of systems that are not centrally located, such as Windows desktop machines deployed throughout the enterprise.
Together, Symantec and BindView offer companies a choice of industry-leading agent-based or agent-less solutions that will enable them to define, control, and sustain their IT compliance requirements. The combined companies expect to offer the most comprehensive end-to-end solution for policy and vulnerability management from a single vendor.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at www.symantec.com/news. All prices noted are in US dollars and are valid only in the United States.
Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including expectations regarding the closing of Symantecís acquisition of IMlogic and the integration of its products and technologies into Symantecís products and solutions, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release. Such risk factors include, among others, satisfaction of closing conditions to the transaction, our ability to successfully integrate the merged businesses and technologies, and customer demand for the technologies and integrated product offerings. Actual results may differ materially from those contained in the forward-looking statements contained in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantecís most recently filed Forms 10-K and 10-Q. Symantec assumes no obligation to update any forward-looking statement contained in this press release.
- Contact Information
- Genevieve Haldeman
- Corporate Public Relations
- Symantec Corp.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.