Symantec buys rival MessageLabs

£401.2m deal


9 October 2008 15:49 GMT / By Katie Scott

Security software expert Symantec has gone on a spending spree.

The US company, which is best known for its Norton Antivirus software, is going to buy its rival MessageLabs for a reported $695m (£401.2m).

Symantec says that the move means that it will be able to expand its range of internet-based security services, as MessageLabs produces security products for instant-messaging, email and the Internet.

And it will also take on MessageLabs’ eight million end users, which are based at more than 19,000 businesses.

The deal is now waiting for regulatory approval, but both companies are hopeful that it will be signed and sealed by the end of the year.

There is no news as to whether the deal will affect MessageLabs’ staff, which are based in regional headquarters in the UK, US and Australia.
Related
Full tags
Biz, Software, Symantec, MessageLabs, Security software

share print story pdf email story

Recommended articles

Search

Loading

Best iPad 2 apps

We detail the best iPad 2 and iPad apps in the app store Which iPad app should you download?

Windows 8

All the features and details of the new Microsoft operating system explained What's new in Windows 8?

iPad 3 rumours

What comes next? We look at the possible features, leaks, images, specs and more

Pocket-lint poll

Q. Will you be buying a PS Vita?

Vote YES Vote NO

» LAST TIME
When asked Will Samsung be making a mistake if the Galaxy S III isn't shown at Mobile World Congress in February? 51% said yes and 49% said no