Tuesday, October 28, 2003
CRN : Daily Archives : Symantec Acquisition Roll Continues : 2:34 PM EST Mon., Oct. 27, 2003
CRN : Daily Archives : Symantec Acquisition Roll Continues : 2:34 PM EST Mon., Oct. 27, 2003: "Symantec Acquisition Roll Continues
By Christina Torode, CRN
2:34 PM EST Mon., Oct. 27, 2003
Symantec Monday said it will acquire ON Technology in a cash deal worth $100 million.
The deal has been approved by Symantec's board of directors and is expected to close by March 2004, said a company spokeswoman.
The acquisition of ON Technology, a Waltham, Mass.-based vendor of network management systems software, marks Cupertino, Calif.-based Symantec's third purchase in the past two months.
ON Technology, which works with other infrastructure management companies such as Opsware, provides centralized and unattended management solutions including auto-discovery, OS and application deployment, and software patches and upgrades.
Last week Symantec acquired SSL VPN provider Safeweb, Emeryville, Calif., for $26 million in cash, and in September the vendor acquired Orem, Utah-based PowerQuest, which makes products that help large companies add, reconfigure and manage storage devices. "
Hmm. Must be the start of the Christmas buying season...
By Christina Torode, CRN
2:34 PM EST Mon., Oct. 27, 2003
Symantec Monday said it will acquire ON Technology in a cash deal worth $100 million.
The deal has been approved by Symantec's board of directors and is expected to close by March 2004, said a company spokeswoman.
The acquisition of ON Technology, a Waltham, Mass.-based vendor of network management systems software, marks Cupertino, Calif.-based Symantec's third purchase in the past two months.
ON Technology, which works with other infrastructure management companies such as Opsware, provides centralized and unattended management solutions including auto-discovery, OS and application deployment, and software patches and upgrades.
Last week Symantec acquired SSL VPN provider Safeweb, Emeryville, Calif., for $26 million in cash, and in September the vendor acquired Orem, Utah-based PowerQuest, which makes products that help large companies add, reconfigure and manage storage devices. "
Hmm. Must be the start of the Christmas buying season...
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