CUPERTINO, Calif. - June 22, 2004 - Symantec Corp. (Nasdaq: SYMC), the global leader in information security, today announced the acquisition of Brightmail, originally announced on May 19, 2004, has cleared the customary regulatory approvals and the transaction has been completed ahead of schedule.
This acquisition will position Symantec to provide customers with the most comprehensive messaging security solution in the industry. Symantec will now focus on integrating Brightmail's industry-leading anti-spam solutions into Symantec's gateway offerings to create a new class of protection. In addition, the company will look to leverage the huge volume of email traffic passing through the Brightmail filtering process as a new source of early warning on impending threats.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including forecasts of future revenue and earnings per share, expected industry patterns, and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates, particularly in consumer products; whether certain market segments, particularly enterprise security, grow as anticipated; the positioning of Symantec's products in those segments; the competitive environment in the software industry; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Symantec can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec’s previously filed Form 10-K and Form 10-Q.