AT&T Tech Support 360
August 16, 2005 3:02 PM PDT
Symantec to buy compliance specialist
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Sygate, based in Fremont, Calif., sells software to help customers comply with regulations by ensuring that servers, PCs and mobile devices meet security requirements. Its software also governs which devices are permitted access to which network resources. Sygate has about 200 employees, the representative said.
Terms of the deal were not disclosed, but a Symantec representative said Tuesday that the company paid cash for Sygate. The acquisition is expected to close after obtaining regulatory approvals.
Sygate is the latest in a series of acquisitions for Cupertino, Calif.-based Symantec. The most recent, completed last month, was the purchase of Veritas Software, which sells backup and management software.
The market for corporate software products is consolidating, and Symantec is among those bulking up. In addition to the $10.5 billion it paid for Veritas, Symantec spent nearly $500 million in the previous year to pick up TurnTide, Brightmail, On Technology and SafeWeb.
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Sygate Technologies,
Symantec Corp.,
compliance,
VERITAS Software Corp.,
acquisition
It also seems to be the only one out there that can handle Bittorrent and other P2P (Shareaza, Kazaa, etc) apps properly.
Seeing how Symantec already has it's own firewall software, I doubt they will be willing to give a product that's equal to or better than what they aleady have. away.
And knowing them, theu'll refine it to the level of junk that the rest of their products are...
Now what am I gonna do?
It also seems to be the only one out there that can handle Bittorrent and other P2P (Shareaza, Kazaa, etc) apps properly.
Seeing how Symantec already has it's own firewall software, I doubt they will be willing to give a product that's equal to or better than what they aleady have. away.
And knowing them, theu'll refine it to the level of junk that the rest of their products are...
Now what am I gonna do?