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04.29.2010 - Symantec to Offer Broadest Data Protection Capabilities with Acquisition of PGP Corporation and GuardianEdge



View Symantec related news. MOUNTAIN VIEW, Calif. – April 29, 2010 – Symantec Corp. (Nasdaq: SYMC) today announced it has signed definitive agreements to acquire PGP Corporation and GuardianEdge Technologies, Inc., two privately-held leaders in the email and data encryption market, which will extend its ability to help customers secure and manage their most critical information. Under the terms of the agreements, Symantec will acquire PGP Corporation for a purchase price of approximately $300 million in cash and GuardianEdge for a purchase price of approximately $70 million in cash. The agreements are subject to customary closing conditions, including regulatory approvals, and are expected to close during the June quarter.

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NID: 33533 / Submitted by: TACKtech Team
Categories: Press Release
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