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Symantec Bags BindView

Symantec Corp. (Nasdaq: SYMC) opened its wallet again today, stumping up $209 million for publicly traded compliance specialist BindView Development Corp. (Nasdaq: BVEW). (See Symantec Acquires BindView.)

The move comes less than two weeks after the security giant snapped up WholeSecurity Inc. for an undisclosed fee. (See Symantec Acquires WholeSecurity.) This, in turn, came hot on the heels of Symantecs acquisition of Sygate Technologies Inc. Did we neglect to mention the $13.5 billion deal for storage specialist Veritas Software Corp. (Nasdaq: VRTS)? (See Symantec Strolls Off With Sygate and Symantec, Veritas Complete Merger.)

In all, analyst estimates put Symantec's bill for recent acquisitions somewhere north of $1.5 billion -- all aimed at building out a multipronged security strategy. Sygate focuses on Network Admission Control (NAC), for instance, while WholeSecurity targets phishing.

The BindView deal is geared toward helping users meet regulatory demands. As users, particularly in the financial sector, face a bewildering array of compliance regulations such as Sarbanes Oxley, the Federal Information Security Management Act (FISMA), and Basel II, there is a need for specialist software to coordinate security policies across a range of IT systems (see Sort Out Your Sox).

Symantec already offers a range of compliance software, but there is a major difference between its approach and BindView’s. Whereas Symantec’s products rely on the installation of a software agent on specific devices, such as servers and desktops, BindView’s do not.

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