Symantec Completes Sygate Acquisition
CUPERTINO, Calif. - Oct. 10, 2005 - Symantec Corp. (Nasdaq: SYMC) today announced it has completed the acquisition of Sygate Technologies, the market leader in network access control solutions for large enterprises. Sygate's expertise in endpoint compliance and protection complements Symantec's leadership in client security to offer organizations a comprehensive endpoint protection solution for both managed and unmanaged devices. Symantec announced its agreement to acquire Sygate on Aug. 16, 2005.
Sygate's enterprise solution is composed of a number of products that can be deployed separately; together they provide exceptional protection for computers, information, and networks from misuse, unauthorized malicious access, and incorrect configuration.
Symantec will continue to sell the current Sygate solutions under the Sygate brand. In the next six months, the company expects to rebrand the next version of the products and include additional functionality. Thereafter, Symantec plans to integrate the Sygate technology into the company's existing enterprise security products.
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 statements regarding the anticipated benefits of the merger, that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by these statements. Such risk factors include, among others, difficulties encountered in integrating merged businesses and the ability to successfully combine product offerings and customer acceptance of combined products. Actual results may differ materially from those contained in the forward-looking statements contained in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec's most recently filed Forms 10-K and 10-Q. Symantec undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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