Symantec extends online services with MessageLabs acquisition
ConvergenceAsia staff
09/10/2008

Symantec has signed a definitive agreement to acquire MessageLabs, a leading provider of online messaging and Web security services.

Under the terms of the agreement, Symantec will acquire MessageLabs for a purchase price of approximately US$695 million in cash.

“MessageLabs extends our investments in the Software-as-a Service segment and will allow us to offer our customers unprecedented choice from a single provider of message security solutions,” said John W. Thompson, chairman and chief executive officer, Symantec.

By combining MessageLabs’ expertise in the SaaS market with Symantec’s portfolio of technologies, Symantec will be able to offer a broad portfolio of online service to secure and manage information. In addition, Symantec will provide the broadest range of offerings in the messaging security market including software, appliance and hosted services.

This acquisition also continues the momentum of the Symantec Protection Network, the Symantec SaaS platform. By combining MessageLabs and Symantec Protection Network, customers will benefit from access to a greater number of SaaS offerings on one easy-to-use portal and the opportunity to purchase through a broader network of partners in more locations around the world.

MessageLabs customers will now have access to Symantec Protection Network offerings through MessageLabs’ established SaaS go-to-market model.
The agreement is expected to close by the end of the 2008 calendar year.

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