Symantec Completes Sale of Visual Café Product
Line to Newly Formed Bea/Warburg, Pincus Company
CUPERTINO, Calif. Jan. 3, 2000 -
(Nasdaq: SYMC) today announced that it has completed the sale of its
Visual Café product line to a newly formed company owned by BEA
Systems, Inc. (Nasdaq: BEAS) and Warburg, Pincus Ventures.
The companies announced Dec. 13, 1999, that a newly formed company
would acquire the Visual Café product line and its principal
assets for a one-time cash payment of $75 Million.
Symantec will provide a variety of support services for the Visual
Café product line for up to six months after the closing to
ensure a smooth transition for existing customers.
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.
NOTE TO EDITORS:
: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States.
Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
News Releases |