Symantec has announced that it has signed a definitive agreement to acquire BindView for $209 million.


Symantec has announced that it has signed a definitive agreement to acquire BindView Development Corporation, a global provider of agent-less IT security compliance software.

According to the report, the all-cash transaction, which is subject to regulatory and BindView shareholder approvals, is valued at approximately $209 million or $4 per share. The deal is expected to close in the first calendar quarter of 2006.

Ajei Gopal, senior vice president, Solutions, Alliances and Operations, Symantec, said, “Today’s global organizations are challenged by an ever changing security environment and by the need to meet multiple government regulations. We are excited to be able to offer customers BindView’s leading agent-less policy compliance solution”.

Eric J. Pulaski, chairman and chief executive officer, BindView Corporation, said, “BindView provides organizations with IT security compliance solutions that enable them to enforce policies, demonstrate compliance, as well as protect their global IT environments from malicious threats and vulnerabilities.

We are thrilled to combine our agent-less technology with Symantec’s complementary industry leading products to create a powerful solution set that will offer customers comprehensive capabilities for meeting the critical demands of their IT infrastructures”.

To read the full report click here.

 

 

 

 

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