Quick Hits: Symantec Nabs MessageLabs-Minyanville

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Quick Hits: Symantec Nabs MessageLabs

Scott Reeves Oct 08, 2008 11:00 am


		Brief scrutiny of today's headlines.

Symantec (SYMC) is aggressively expanding its position in the software-as-service sector with the acquisition of MessageLabs.

The deal, expected to close by the end of the year, is valued at about $695 million in cash.

MessageLabs provides web security services to about 19,000 customers, ranging from small companies to Fortune 500 corporations, in 86

countries.

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Symantec's Protection Network includes Online Backup, Online Storage for Backup Exec and Online Remote Access. MessageLabs' services help ensure that only safe and appropriate information enters and leaves a company's computer network.

Symantec's competitors include McAfee (MFE), which recently agreed to buy Secure Computing for $413 million. Microsoft (MSFT) and Trend Micro of Japan.


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