Symantec Corp. 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.
More at http://www.marketwire.com/mw/release.do?id=789022
Proposed Vontu Acquisition and Data Loss Prevention to Play a Central Role in Symantec’s Security 2.0 Vision and Strategy for Information Risk Management
Combining Symantec’s market-leading security and storage capabilities with Vontu’s market-leading DLP technologies will create the most comprehensive Information Risk Management solution on the market.
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.