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Symantec on Monday announced it has agreed to acquire systems management vendor Altiris for $830 million.
The deal, subject to Altiris shareholder and regulatory approvals, would have Altiris operating as a business unit within Symantec, headed by Altiris President and CEO Greg Butterfield.
"This acquisition is driven by customer demand for the convergence of security and IT operations. This is a reality in today's IT market," Butterfield said.
Ultimately, Symantec would integrate Altiris management technology with Symantec's security, compliance, and backup and recovery products to provide automated remediation capabilities for networked endpoint devices such as desktops, laptops, servers, storage and mobile devices, said Symantec Chairman and CEO John Thompson during a conference call.
"The most secure endpoint is a managed endpoint," Thompson said.
The integration of Symantec and Altiris technology will provide the converged security and management capabilities enterprise and midsize customers need, despite expected security advancements in operating systems such as Microsoft's Vista, Thompson said. As Symantec technologies detect a conflict on an endpoint device with predefined security or compliance policies, for example, Altiris technology can automatically provision an update or distribute a patch to the non-compliant machine, providing customers with a "closed-loop" system, he said.
"Adding this component to our portfolio makes us infinitely more competitive with the likes of Microsoft," Thompson said. "We think what customers want is more integrated technology from fewer vendors. Symantec and Altiris will provide customers a choice to secure and manage heterogeneous systems."
Thompson said Symantec, which in recent years has picked up BindView, ON Technology, PowerQuest, Relicore and Veritas, is approaching this acquisition a bit differently, by having Altiris operate as a separate operating unit within Symantec. Therefore, he said, integrating the company and its technology won't require the restructuring or disruption in product delivery others may have. For instance, Veritas "was a game-changing acquisition that touched every part of Symantec," while Altiris represents opportunities around endpoint management.
IBM spent all that money on a mass rollout of PGP Whole Disk Encryption, just when its discovered that...- Anonymous
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