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Symantec Completes Acquisition of BindView

  • 10 January, 2006 16:16

<p>Combined Company to Provide Comprehensive, Flexible End-to-End Solution for Policy Compliance and Vulnerability Management</p>
<p>CUPERTINO, Calif. – Jan. 9, 2006 – Symantec Corp. (Nasdaq: SYMC) today announced that it completed its acquisition of BindView Development Corporation, a global provider of agent-less IT security compliance software, effective at the end of the day on Jan. 6, 2006. The acquisition agreement between Symantec and BindView was announced on Oct. 3, 2005.</p>
<p>Agent-based and agent-less policy compliance solutions are complementary capabilities in the IT environment, and they address different customer needs. Symantec’s agent-based technology architecture offers full-featured compliance and vulnerability management and is well-suited for enterprises that have complex and heterogeneous IT environments. BindView’s agent-less architecture, which is less IT staff-intensive, is ideal for organizations faced with managing a large number of systems that are not centrally located, such as Windows desktop machines deployed throughout the enterprise.</p>
<p>Together, Symantec and BindView offer companies a choice of industry-leading agent-based or agent-less solutions that will enable them to define, control, and sustain their IT compliance requirements. The combined companies expect to offer the most comprehensive end-to-end solution for policy and vulnerability management from a single vendor. About Symantec</p>
<p>Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.</p>
<p>###</p>
<p>NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Rooms at http://www.symantec.com/news. All prices noted are in US dollars and are valid only in the United States."</p>
<p>Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, including statements regarding the anticipated benefits of the acquisition, that involve known and unknown risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. Such risk factors include, among others, difficulties encountered in integrating merged businesses and the ability to successfully combine product offerings and customer acceptance of combined products. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec’s most recently filed Forms 10-K and 10-Q. Symantec undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.</p>
<p>For media enquiries please contact:
Antoinette Trovato
Public Relations Manager - Pacific
Symantec
Tel: +61 2 8879 1173 or +61 408 495 337
Email: antoinette_trovato@symantec.com</p>
<p>Fiona Martin
Max Australia
Tel: +61 2 9954 3492
Email: fiona.martin@maxaustralia.com.au</p>

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