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10.03.2005 - Symantec to Acquire Bindview



View Symantec related news. Symantec Corp. (Nasdaq: SYMC) today announced it has signed a definitive agreement to acquire BindView Development Corporation (Nasdaq: BVEW), a global provider of agent-less IT security compliance software. The all-cash transaction, which is subject to regulatory and BindView shareholder approvals, is valued at approximately $209 million or $4 per share and is expected to close in the first calendar quarter of 2006. Upon close of this acquisition, Symantec expects to provide a comprehensive end-to-end solution for policy compliance and vulnerability management, offering customers a choice of agent-based or agent-less technology architectures.

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NID: 8064 / Submitted by: Megan
Categories: Anti-Virus, Press Release
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