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Story URL: http://software.silicon.com/malware/0,3800003100,39152963,00.htm

Symantec splashes $209m on BindView
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By Will Sturgeon

Published: Monday 03 October 2005

Symantec's seemingly ceaseless acquisition strategy turned over another security company today as the US giant snapped up BindView for around $209m.

Though it's small-change compared to some of Symantec's mega deals of recent times, the BindView acquisition represents a strategic move into the growing area of security compliance software.

BindView offers an agentless solution which Symantec claims will be complementary to its existing agent-based offerings.

Symantec's Ajei Gopal, senior VP, solutions, alliances and operations, said Symantec will now increase its efforts to sell products and services on the back of the recent compliance boom.

He added: "Today's global organisations are challenged by an ever-changing security environment and by the need to meet multiple government regulations."

John Thompson, CEO of Symantec, placed 15th in silicon.com's Agenda Setters 2005 list in anticipation of more acquisition activity. Read more here.