Symantec acquires Vontu
ConvergenceAsia staff
09/11/2007

Infrastructure software Symantec has signed a definitive agreement to acquire Vontu, the leader in Data Loss Prevention (DLP) solutions, for US$350 million, which will be paid in cash and assumed options.

Vontu’s products will complement Symantec's existing portfolio of endpoint and network security, storage and compliance solutions. 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 securing systems and devices to also protecting the information itself.

“The next wave of security is based on one simple idea – it’s about the information,” said Joseph Ansanelli, CEO, Vontu. “By joining forces with Symantec and building upon their strength in enterprise security and storage solutions, we will be uniquely positioned to help customers answer the important questions as to where their confidential information is stored, how it is being used, and how best to prevent its loss.”

Vontu will bring a best-in-class DLP platform to Symantec’s security and storage portfolio. It also offers a centralised platform with all of its products for policy management, detection, workflow and remediation. The acquisition is expected to close in the fourth calendar quarter of 2007.

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