Symantec Completes the Acquisition of Vontu for $350 million

Symantec Corp. has completed its
acquisition of Vontu, Inc. on Nov. 30, 2007. Vontu is the leader in
Data Loss Prevention (DLP) solutions that combine endpoint and
network-based technology to accurately detect and automatically protect
confidential data wherever it is stored or used. The acquisition
agreement between Symantec and Vontu was announced on Nov. 5, 2007. The
purchase price for the transaction was $350 million, which will be paid
in cash and assumed options.

Data loss prevention solutions help organizations prevent the loss
of confidential or proprietary information wherever it is stored or
being used. Vontu’s products will 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. 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 simply securing systems and devices to also protecting
the information itself.

 
Symantec Corp.

Vontu, Inc.