Wednesday, 5 December 2007

Symantec Completes Acquisition of Vontu

Symantec announced Tuesday that it completed its acquisition of Vontu, on Nov. 30, 2007.

Vontu is a provider of Data Loss Prevention (DLP) solutions that combine endpoint and network-based technology to accurately detect and automatically protect confidential data wherever it is stored or used.

Data loss prevention solutions help organizations prevent the loss of confidential or proprietary information wherever it is stored or being used.

Vontu’s products is said to complement Symantec's existing portfolio of endpoint and network security, storage and compliance solutions, to provide customers with the most comprehensive platform for data loss prevention on the market today.

The acquisition builds on Symantec’s strong partnership with Vontu and will provide an important component of Symantec’s Security 2.0 vision, which shifts the focus of security from simply securing systems and devices to also protecting the information itself.

The acquisition agreement between Symantec and Vontu was announced on Nov. 5, 2007. The purchase price for the transaction was 350 million dollars, which will be paid in cash and assumed options.