Symantec acquires compliance firm BindView

By IT-Observer Staff
Tuesday, 4 October 2005 05:30 EST

Symantec announced on Monday it has signed an agreement to acquire BindView for around $209 million. Upon close of the acquisition, Symantec expects to offer the enterprise a comprehensive end-to-end solution for vulnerability management and policy compliance.

"Today's global organizations are challenged by an ever changing security environment and by the need to meet multiple government regulations," said Ajei Gopal, senior vice president, Solutions, Alliances and Operations, Symantec.

"We are excited to be able to offer customers BindView's leading agent-less policy compliance solution. Not only will we be able to meet customers' IT security and policy compliance needs with a complete range of product capabilities, but we will also be able to help reduce the cost and complexity associated with compliance."

Symantec is planning to use BindView’s agent-less architecture within its current agent-based technology to offer full-featured compliance and vulnerability management. The company says that the agent-less solution will complement its existing agent-based offering.

"We are thrilled to combine our agent-less technology with Symantec's complementary industry leading products to create a powerful solution set that will offer customers comprehensive capabilities for meeting the critical demands of their IT infrastructures,” said Eric J. Pulaski, chairman and chief executive officer, BindView Corporation.

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