Symantec Adds BindView to Shopping Basket

Iria · Oct 4, 2005, 02:30 AM

Symantec on Monday announced plans to shell out $209 million in cash to gobble up BindView Development, a company that sells policy-compliance and vulnerability management software.

The deal marks the third acquisition for Symantec Corp. in the last two months and signals an aggressive move by the Internet security vendor to expand its security offerings following the merger with Veritas Software Corp.

Symantec, based in Cupertino, Calif., said the BindView Development Corp. deal provides elbow room in the competitive compliance and vulnerability management software market.

When the deal closes, Symantec plans to use the BindView technology to offer customers "a choice of agent-based or agentless technology architectures," it said.
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Read More / Source: eWeek

Oct 4, 2005, 02:30 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Symantec Adds BindView to Shopping Basket Symantec on Monday announced plans to shell out $209 million in cash to gobble up BindView Development, a company that sells policy-compliance and vulnerability management software. The deal marks the third acquisition for Symantec Corp. in the last two months and signals an aggressive move by the Internet security vendor to expand its security offerings following the merger with Veritas Software Corp. Symantec, based in Cupertino, Calif., said the BindView Development Corp. deal provides elbow room in the competitive compliance and vulnerability management software market. When the deal closes, Symantec plans to use the BindView technology to offer customers "a choice of agent-based or agentless technology architectures," it said. __________ Read More / Source: eWeek