Symantec's acquisition will enable the combined company to develop comprehensive security products, combining lucrative anti-virus software with firewall, encryption and VPN (virtual private network) technology.
The acquisition brought the US firm a range of network security products including market leader Intruder Alert. According to Aled Miles, UK MD of Symantec, the deal is the biggest for the firm since its takeover of rival Axent.
And while some believe Microsoft's move into the antivirus field, through acquisition, means it is best placed to heal its own wounds, Thompson is unconcerned, claiming Microsoft lacks the credentials to be taken seriously in the antivirus sector.
According to Myers, the results showed little sign of the Brightmail acquisition, which was finalised during the quarter. Antivirus firm Symantec has announced a more-than-doubling of profit for its first quarter - putting to rest some investor...
In August, the Cupertino, California-based security software giant said it planned to buy compliance specialist Sygate Technologies. The acquisition is expected to be completed in October, Symantec said on Thursday.
In the past 18 months Symantec has bought Bindview, Brightmail, LIRIC, Sygate, Turntide, WholeSecurity and completed the $13.5bn acquisition of storage giant Veritas. Serial acquirer Symantec is intent on making more strategic acquisitions this...
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