CUPERTINO, Calif. -- Symantec Corp. (Nasdaq: SYMC) today announced it has signed a definitive agreement to acquire Vontu, the leader in Data Loss Prevention (DLP) solutions, for $350 million, which will be paid in cash and assumed options. The acquisition is expected to close in the fourth calendar quarter of 2007, subject to receiving regulatory approvals and satisfaction of other customary closing conditions.
Data loss prevention solutions help organizations prevent the loss of confidential or proprietary information wherever it is stored or being used. Vontu's products will complement Symantec's existing portfolio of endpoint and network security, storage and compliance solutions, to provide customers with the most comprehensive platform for data loss prevention on the market today. The acquisition builds on Symantec's strong partnership with Vontu and will provide an important component of Symantec's Security 2.0 vision, which shifts the focus of security from simply securing systems and devices to also protecting the information itself.
"The combination of Symantec's existing portfolio and Vontu's leading products and dedicated team enables us to deliver a central component of our Security 2.0 vision to customers an information-centric security that protects both the device and the information itself," said Tom Kendra, group president, Security and Data Management Group, Symantec.
"In a business environment that is increasingly competitive, transparent and regulated, companies need confidence that their most valuable asset "information" is safe. Only then will security become more of a business enabler rather than a business inhibitor."
Symantec Corp. (Nasdaq: SYMC)