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Symantec Throws BindView In The Shopping Cart
John Stith
Staff Writer
2005-10-04
 Insider Reports RSS Feed
Security giant Symantec announced on Monday they signed a definitive agreement to purchase the BindView Development Corp., a provider of agent-less IT security compliance software.
The cash money deal will happen for $209 million or about $4 a share and they expect completion by the end of the first quarter in 2006.
"Today's global organizations are challenged by an ever changing security environment and by the need to meet multiple government regulations," said Ajei Gopal, senior vice president, Solutions, Alliances and Operations, Symantec.
"We are excited to be able to offer customers BindView's leading agent-less policy compliance solution. Not only will we be able to meet customers' IT security and policy compliance needs with a complete range of product capabilities, but we will also be able to help reduce the cost and complexity associated with compliance."
The bonus for Symantec will be they now can provide either agent-supported or agent-less IT security compliance. According to the press release, the BindView addition will be ideal for companies managing a large number of systems that are not centrally located, such as Windows desktop machines deployed throughout the enterprise.
"BindView provides organizations with IT security compliance solutions that enable them to enforce policies, demonstrate compliance, as well as protect their global IT environments from malicious threats and vulnerabilities," said Eric J. Pulaski, chairman and chief executive officer, BindView Corporation.
"We are thrilled to combine our agent-less technology with Symantec's complementary industry leading products to create a powerful solution set that will offer customers comprehensive capabilities for meeting the critical demands of their IT infrastructures."
About the Author:
John is a staff writer for SecurityProNews covering cyber security.
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