Symantec pulls trigger on Vontu deal

Summary:Symantec has finally pulled the trigger on a $350 million deal to acquire DLP (data loss prevention) specialist Vontu.

Symantec acquires Vontu
Symantec has finally pulled the trigger on a deal to acquire DLP (data loss prevention) specialist Vontu.

The anti-virus powerhouse announced today it will spend $350 million (to be paid in cash and assumed options) on the oft-rumored deal to gobble up the privately held San Francisco-based Vontu.

The acquisition was first reported three weeks ago by InfoWorld's Matt Hines.

[ TWO WEEKS AGO: Trend Micro makes DLP move, Symantec stands pat ]

When the deal closes, Symantec plans to fold Vontu's endpoint, network and storage security technologies into its own Information Risk Management portfolio.

The Vontu team will operate as dedicated team within Symantec’s Security and Data Management Group, continuing to build on the Vontu DLP 8 product suite.

The acquisition comes just a week after Trend Micro's purchase of Provilla and McAfee's $350 million deal to buy SafeBoot.

Topics: Security

About

Ryan Naraine is a journalist and social media enthusiast specializing in Internet and computer security issues. He is currently security evangelist at Kaspersky Lab, an anti-malware company with operations around the globe. He is taking a leadership role in developing the company's online community initiative around secure content managem... Full Bio

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