Symantec to buy Sygate Technologies

Ev!L-aLphA · Aug 16, 2005, 11:28 PM

LOS ANGELES (MarketWatch) -- Symantec Corp. late Tuesday said it struck a deal to acquire Sygate Technologies, a small privately held security software firm.

Symantec, the Cupertino, Calif., software company behind the popular Norton line of security products, said it expects the deal to close shortly after winning regulatory approvals.

Symantec expects to take on around 200 members of Fremont, Calif.-based Sygate as part of the deal, Symantec spokeswoman Genevieve Haldeman said. She also declined to provide financial details of the transaction.

Sygate provides so-called "end point" security technology that allows companies ensure all devices connected to their networks, such as desktop computers, notebooks, servers and mobile devices, are correctly configured and secured.

According to some estimates, the company had sales of approximately $15 million in 2003.

Symantec's latest acquisition pales in comparison to its around $10.5 billion deal to recently acquire storage-software maker Veritas Software Corp.

Symantec's stock dipped to 2 cents to $21.37 in recent evening trading following the news. Shares ended the regular session down 22 cents, or 1%, at $21.39 and have ranged from $18.01 to $34.05 over the past 52 weeks.

Source: Market Watch

BWX · Aug 17, 2005, 01:54 AM

That sucks. Sygate is great and Symantec is garbage in comparison.

Sygate has the best software firewall out there IMO, too bad that will be gone.

Necrosis · Aug 17, 2005, 03:00 AM

Yuppy NORRR-TON blech! I've been using Outpost for awhile now but I always like Sygate.

Tipstaff · Aug 17, 2005, 09:13 AM

Symantecs Press Release

Pff.. doesn't make a diff to me. Replacing Norton firewall with Sygates won't help that POS... well... maybe.

Pff.. still won't use it.

PangingJr · Aug 17, 2005, 10:17 AM

Sygate personal firewall / personal firewall pro are both don't have support for local proxy programs and/or all loopback adapter applications. and if i'm not mistaking the current version of program itself (the core product engines) was last updated 2 years ago.
imo, these 2 program need an update for the supporting urgently. other than that these programs are very good.

install Outpost personal firewall and then remove its plugins (not sure that the new version 2.7 has an option for not installing plugins during the initial installation or not? i just don't like none of the plugins, i still prefer using a seperate program for whatever the plugin does. then i'd say the Outpost could be one of my most preferred personal firewall product. this program ruleset and logging are very good. leaktest backdoor and trojan horse are second to none, or the scores from some test/reviews website might be a bit lower than the Look 'n' Stop.

Aug 16, 2005, 11:28 PM	#1
Ev!L-aLphA \| n f e c t e D Join Date: Sep 2003 Location: California Posts: 4,111 Rep Power: 0	Symantec to buy Sygate Technologies LOS ANGELES (MarketWatch) -- Symantec Corp. late Tuesday said it struck a deal to acquire Sygate Technologies, a small privately held security software firm. Symantec, the Cupertino, Calif., software company behind the popular Norton line of security products, said it expects the deal to close shortly after winning regulatory approvals. Symantec expects to take on around 200 members of Fremont, Calif.-based Sygate as part of the deal, Symantec spokeswoman Genevieve Haldeman said. She also declined to provide financial details of the transaction. Sygate provides so-called "end point" security technology that allows companies ensure all devices connected to their networks, such as desktop computers, notebooks, servers and mobile devices, are correctly configured and secured. According to some estimates, the company had sales of approximately $15 million in 2003. Symantec's latest acquisition pales in comparison to its around $10.5 billion deal to recently acquire storage-software maker Veritas Software Corp. Symantec's stock dipped to 2 cents to $21.37 in recent evening trading following the news. Shares ended the regular session down 22 cents, or 1%, at $21.39 and have ranged from $18.01 to $34.05 over the past 52 weeks. Source: Market Watch __________________ R.I.P 8/8/04 4/21/08

Aug 17, 2005, 01:54 AM	#2
BWX unplugged Join Date: Nov 2002 Location: USNY Posts: 19,669 Rep Power: 110 System Specs	That sucks. Sygate is great and Symantec is garbage in comparison. Sygate has the best software firewall out there IMO, too bad that will be gone. __________________

Aug 17, 2005, 09:13 AM	#4
Tipstaff HardwareHeaven Extreme Member Join Date: Jul 2002 Location: Real capital of Canada: Torauna Posts: 6,773 Rep Power: 191 System Specs	Symantecs Press Release Pff.. doesn't make a diff to me. Replacing Norton firewall with Sygates won't help that POS... well... maybe. Pff.. still won't use it. __________________ Portal: The Flash Version _________________________________ Brain: So, you sacked the cocky khaki Kicky Sack sock plucker? Mr. Sackett: The second cocky khaki Kicky Sack sock plucker I've sacked since the sixth sitting sheet slitter got sick.

Aug 17, 2005, 03:00 AM	#3
Necrosis HardwareHeaven Extreme Member Join Date: May 2002 Location: Ohio Posts: 8,838 Rep Power: 131 System Specs	Yuppy NORRR-TON blech! I've been using Outpost for awhile now but I always like Sygate.

Aug 17, 2005, 10:17 AM	#5
PangingJr Member Join Date: Mar 2003 Posts: 5,989 Rep Power: 71	Sygate personal firewall / personal firewall pro are both don't have support for local proxy programs and/or all loopback adapter applications. and if i'm not mistaking the current version of program itself (the core product engines) was last updated 2 years ago. imo, these 2 program need an update for the supporting urgently. other than that these programs are very good. install Outpost personal firewall and then remove its plugins (not sure that the new version 2.7 has an option for not installing plugins during the initial installation or not? i just don't like none of the plugins, i still prefer using a seperate program for whatever the plugin does. then i'd say the Outpost could be one of my most preferred personal firewall product. this program ruleset and logging are very good. leaktest backdoor and trojan horse are second to none, or the scores from some test/reviews website might be a bit lower than the Look 'n' Stop.