Symantec Acquisition of SecurityFocus Completed
CUPERTINO, Calif. - Aug. 6, 2002 - Symantec Corp. (Nasdaq: SYMC) today announced that the acquisition of SecurityFocus originally announced on July 17, 2002, has been completed. Symantec will now focus on integrating the SecurityFocus line of DeepSight Threat Management Systems and Alert Services into its existing Symantec Security Response organization, to provide customers with the most comprehensive, proactive early warning system across the broadest range of threats.
Symantec will continue to license the SecurityFocus Vulnerability Database to security product vendors, managed service providers and other organizations that use it to create powerful new security products and services for their customers. In addition, Symantec will continue to manage the Bugtraq mailing list and the online security community under the SecurityFocus brand. It will continue to offer a forum for objective reporting by security experts on the latest IT threats and attacks as well as how to prevent security breaches.
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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Symantec, the Symantec logo, SecurityFocus, DeepSight, Analyzer, Extractor and Bugtraq are trademarks or registered trademarks, in the United States and certain other countries, of Symantec Corporation. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
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 Symantecís previously filed Form 10-K and Form 10-Q.
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