Symantec beefs up network security with £436m acquisition


Symantec beefs up network security with £436m acquisition

Antony Savvas

Symantec is acquiring IT management software firm Altiris for $830m (£436m) to beef up its network security offering.

Altiris sells solutions to allow firms to easily manage and service network-based endpoints, including mobile devices, laptops, desktops, servers and storage platforms.

Symantec said it expected to close the deal in the second quarter. With the Altiris solutions, Symantec expects to be able to help customers better manage and enforce security policies at the endpoint, identify and protect against threats, and repair and service assets.

“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 John Thompson, Symantec’s CEO.

“By combining the endpoint management solutions from Altiris with the security expertise from Symantec, we believe we can offer customers a more comprehensive solution to protect and manage today’s global IT infrastructure,” said Thompson.

Symantec launches new Veritas Cluster Server platform

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