Information Security News mailing list archives
Symantec buys BindView Development for $209 million
From: InfoSec News <isn () c4i org>
Date: Tue, 4 Oct 2005 00:50:07 -0500 (CDT)
http://www.networkworld.com/news/2005/100305-symantec-bindview.html By Peter Sayer IDG News Service 10/03/05 Symantec Monday anounced it plans to buy security compliance software vendor BindView Development for $209 million in cash. The deal will close in the first quarter of 2006, subject to approval from regulators and shareholders, Symantec said. The two companies provide software that may help businesses and government organizations comply with regulatory requirements such as the Sarbanes-Oxley Act and the Federal Information Security Management Act in the U.S., or the Basel II financial regulations in Europe. Symantec's security systems use software agents to ensure compliance with security policies, while BindView's approach is agentless, Symantec said. The two approaches are complementary, it said. The agent-based approach is more suited to complex, mixed IT environments, while the agent-less model requires fewer staff to manage and is suited to companies with large numbers of similar systems spread across many sites, it said. Last month, Symantec announced its intention to buy WholeSecurity , a company in Austin, Texas, that develops software for detecting new viruses based on their behavior, rather than their code. In August, it bid for another security compliance software developer, Sygate Technologies of Fremont, Calif. _________________________________________ InfoSec News v2.0 - Coming Soon! http://www.infosecnews.org
Current thread:
- Symantec buys BindView Development for $209 million InfoSec News (Oct 03)