Symantec Makes Equity Investment In Brightmail
Symantec Strengthens Existing Relationship to Provide Comprehensive E-Mail Security
CUPERTINO, Calif. - July 24, 2000 - Symantec Corp. (Nasdaq: SYMC), a world
leader in Internet security, today announced an $18 million strategic investment
in Brightmail, Inc., a provider of solutions that enable service providers to
manage and protect their e-mail systems. With this investment, Dana Siebert,
executive vice president and general manager of Symantec's Service Provider
Solutions Division, will join Brightmail's board of directors and Symantec will
take a 11 percent equity stake in the company.
"Symantec's investment in Brightmail will expand our existing relationship to
provide comprehensive security solutions for one of a company's most mission
critical applications - e-mail," said Siebert. "Brightmail and Symantec are
already providing some of the world's largest service providers with an
integrated anti-virus and anti-spam solution and anticipate opportunities to
integrate our content filtering solutions as well."
"Working with Symantec allows us to offer our customers advanced protection for
their e-mail systems in a single, common solution," said Gary Hermansen, chief
executive officer of Brightmail. "This relationship will allow service providers
to leverage their current investment in Brightmail technology and differentiate
their offering for their customers."
Symantec was the lead investor in Brightmail's strategic round of financing,
which generated $35 million. The pre-IPO round also included investments from
leading venture capital firms and prominent individuals.
Earlier this year, Symantec partnered with Brightmail to provide the industry's
first integrated anti-virus and anti-spam solution for Internet Service Providers
(ISPs) and Application Service Providers (ASPs). Brightmail has integrated
Symantec's award-winning anti-virus technology with Brightmail's cutting-edge
Anti-Spam Service. This combined solution is designed to reduce the costs
associated with managing multiple messaging technologies and allow ISPs and ASPs
to cost-effectively deliver robust e-mail protection and filtering to
corporations and consumers worldwide.
Brightmail Inc. provides filtering solutions that enable ISPs, ASPs and portals
to control and protect their email systems. The Brightmail Solution Suite is a
carrier-class mailwall that filters messages to block spam and email-borne
viruses, and can be extended to provide other forms of content control. To insure
the earliest detection of security threats, the Brightmail Probe Network monitors
leading ISPs with 80-million email accounts. The continuously staffed Brightmail
Logistics and Operations Center (BLOC) analyzes each attack and rapidly deploys
countermeasures to customer networks. Brightmail is a privately held firm with
funding from Accel Partners, Crosslink Capital, and Technology Crossover
Ventures. For more information about Brightmail, please visit the company's Web
site at www.brightmail.com.
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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