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Symantec Completes Acquisition of MessageLabs
(Marketwire Via Acquire Media NewsEdge) CUPERTINO, CA, November 17 / MARKET WIRE/ --
Symantec Corp. (NASDAQ: SYMC) today announced
it has completed its acquisition of MessageLabs, on Nov. 14, 2008.
MessageLabs is the leading provider of online messaging services, securing
more than three billion email connections each day. The acquisition
agreement between Symantec and MessageLabs was announced on Oct. 8, 2008.
With the acquisition of MessageLabs, Symantec gains a leadership position
in the Software-as-a-Service (SaaS) market and expands Symantec's existing
portfolio of SaaS offerings with messaging and web security services from
MessageLabs. The combined expertise from MessageLabs and Symantec will
expand SaaS delivery and customer support models across the Symantec
technology portfolio and accelerate the development of new hybrid online
and on-premise offerings for IT professionals.
Messaging security solutions protect organizations from the costly effects
of spam and viruses entering the network and prevent unauthorized content
from being transferred into the wrong hands. With the close of the
acquisition, Symantec expands its messaging security market leadership to
two times its nearest competitor and offers customers greater choice by
providing the broadest range of offerings in the messaging security market
including software, appliance and hosted services. Customers will also
have greater access to SaaS offerings through the up-sell and cross sell of
services into the MessageLabs customer base and through Symantec channels.
Additional Resources
For additional information on the MessageLabs acquisition and planned
integration points with the Symantec portfolio please visit:
http://go.symantec.com/messagelabs.
About Symantec
Symantec is a global leader in providing security, storage and systems
management solutions to help consumers and organizations secure and manage
their information-driven world. Our software and services protect against
more risks at more points, more completely and efficiently, enabling
confidence wherever information is used or stored. More information is
available at www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec
Corporation and its products, please visit the Symantec News Room at
http://www.symantec.com/news. All prices noted are in U.S. dollars and are
valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of
Symantec Corporation or its affiliates in the U.S. and other countries.
Other names may be trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements within the meaning
of U.S. federal securities laws, including expectations regarding the
potential benefits of the acquisition, that involve known and unknown risks
and uncertainties that may cause actual results to differ materially from
those expressed or implied in this press release. Such risk factors
include, among others, our ability to successfully integrate the merged
businesses and technologies, and customer demand for the technologies and
integrated product offerings. Actual results may differ materially from
those contained in the forward-looking statements contained in this press
release. Additional information concerning these and other risk factors is
contained in the Risk Factors section of Symantec's most recently filed
Form 10-K. Symantec assumes no obligation to update any forward-looking
statement contained in this press release. The contents of the Symantec
website shall not be deemed incorporated by reference into this press
release.
MEDIA CONTACTS:
Nicole Kenyon
Symantec Corporation
408-517-8421Nicole_kenyon@symantec.com
Sherri Walkenhorst
Connect Public Relations
801-373-7888sherriw@connectpr.com
INVESTOR CONTACTS:
Helyn Corcos
Symantec Corporation
408-517-8324hcorcos@symantec.com
Copyright ? 2008 Marketwire
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