Symantec buys endpoint security firm Altiris
Security giant buys endpoint management company Altiris in £422m cash deal.
Under the terms of the deal, Altiris shareholders will receive $33 per share of Altiris common stock in cash. The transaction is subject to regulatory and shareholder approval and expected to close in the second quarter of this year.
With the deal, Symantec gets Altiris's endpoint security products that help companies protect and manage policies on endpoint devices such as laptops, PDAs and phones.
"The most secure endpoint is a well-managed endpoint. The best protection must be complemented by the ability to remediate and address vulnerabilities that could be exploited," said Symantec chairman and chief executive John Thompson.
He said he believed that combining the endpoint management solutions from Altiris with the security expertise from Symantec, the company's customers would have more comprehensive protection.
Greg Butterfield, president and chief executive of Altiris echoed Thompson's comments and said the two companies would offer customers a "total package in endpoint management."
How virtual desktop infrastructure enables digital transformation
Challenges and benefits of VDIFree download
The Okta digital trust index
Exploring the human edge of trustFree download
Optimising workload placement in your hybrid cloud
Deliver increased IT agility with the cloudFree Download
Modernise endpoint protection and leave your legacy challenges behind
The risk of keeping your legacy endpoint security toolsDownload now