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Pune, Nov. 6

Symantec Corp on Tuesday announced it has signed a definitive agreement to acquire Vontu, player in data loss prevention 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. According to an official communication, data loss prevention solutions help organisations prevent loss o f confidential or proprietary information wherever it is stored or being used. Vontu’s products would complement Symantec’s existing portfolio of endpoint and network security, storage and compliance solutions, to provide customers with the most comprehensive platform for data loss prevention on the market today. —

Our Bureau

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