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Topic: Security

Symantec acquires Clearwell, eyes e-discovery market

Summary: Symantec said it will acquire privately held Clearwell Systems in a move to better tap into the e-discovery market.

Larry Dignan

By for Between the Lines |

Symantec on Thursday said it will acquire privately held Clearwell Systems in a move to better tap into the e-discovery market.

With the move, Symantec plans to combine Clearwell with its archiving and backup software. Symantec has e-discovery software called Enterprise Vault, but aims to use Clearwell to offer a larger suite.

The e-discovery market is expected to be a $1.7 billion market in 2014, according to Gartner. Symantec is best known for its security software, but has a sizable storage and information management unit.

Symantec said the purchase will shave 1.5 cents a share from its fiscal 2012 earnings. The deal should be accretive for fiscal 2013 earnings. Symantec recently reported its fourth quarter results. The company handily topped estimates with fourth quarter net income of $297 million, or 22 cents a share, on revenue of $1.6 billion. Non-GAAP earnings were 38 cents a share, two cents ahead of estimates.

Topic: Security

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    But, my point was the blogger just admits from line one that he doesn't like Apple (not even a bit, despite owning a MBAir). What comes after is just ranting. Honesty in terms on reporting really isn't the issue here, it's just a rant and does not try to disguise it. That's the honest bit, it's just a good old rant, and I hope the blogger feels better now after "letting it all out."
    joselister
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    • RE: Symantec acquires Clearwell, eyes e-discovery market

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      jackfolla
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