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Wednesday, October 08, 2008

Symantec to buy e-mail security vendor MessageLabs

Symantec Corp. will pay $695 million for MessageLabs Group Ltd., a security vendor that offers a hosted spam and Web traffic filtering service.  The filtering is performed within the company’s 14 data centers located around the world, a type of computing known as “software as a service” or cloud computing. 

MessageLabs’ subscribers turn over the management of their e-mail and Web traffic security to the company and do not have to install on-site equipment.

The acquisition of MessageLabs gives Symantec an alternative e-mail security offering to BrightMail, the company’s antispam and antivirus appliance.  “We think the opportunity to expand our footprint in the rapidly growing software-as-a-service market is significantly enhanced by this team becoming part of Symantec,” Symantec CEO John Thompson said in a conference call to discuss the deal.

MessageLabs’ service will be integrated into the Symantec Protection Network, an online-based backup, data-restoration and remote access service launched in April 2007 for small to midsize businesses.  Adrian Chamberlain, CEO of MessageLabs, will lead the team and report to Enrique Salem, Symantec’s chief operating officer.

The company reported $145 million in revenue for fiscal year 2008, which ended July 31.

http://www.computerworld.com/action/article.do?command=viewArticleBasic&taxonomyName=security&articleId=9116620&taxonomyId=17&intsrc=kc_top

Posted on 10/08
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