CUPERTINO, Calif. - Jan 3, 2006 - Symantec Corp. (Nasdaq: SYMC) today announced it has signed a definitive agreement to acquire IMlogic, Inc., the market leader in enterprise software for instant messaging (IM). IMlogic's technology provides a complete solution to control and secure public and enterprise IM networks while ensuring compliance with regulatory and corporate governance policies. The acquisition is expected to close shortly after receiving customary regulatory approvals.
"Real-time communication solutions like instant messaging are powerful collaboration tools that create a new attack vector for threats to enter an enterprise network and new forms of digital communication with the same government, legal, and business requirements to retain and retrieve as email," said Enrique Salem, senior vice president of Security Products and Solutions, Symantec. "With the best-of-breed instant messaging management and compliance software from IMlogic, Symantec will be the first and only vendor to offer a complete security and archiving solution to help customers manage all their messaging requirements."
From shipping companies to hedge funds, businesses in almost every market segment are adopting real-time, technologies like IM at a record pace to improve their information sharing abilities and to decrease the time needed to make business decisions. Consumers have already embraced it as a communications tool and are sending more than 12 billion messages daily*, with many users sending more IMs than e-mails. In addition, IM networks are increasingly evolving beyond text messaging and file sharing and can offer voice over IP (VoIP) services for free calling between clients. The rapid adoption of IM networks by consumers and corporate users, combined with evolving real-time communications functionality such as VoIP, makes instant messaging a viable vehicle for malicious threats which can leverage global IM directories to find new targets.
"Our customers have asked us for a holistic management tool to control all real-time collaboration and keep it highly available, compliant, and secure," said Francis deSouza, president and CEO, IMlogic. "They understand the requirements for messaging security and a number of them are already using our solutions in combination with Symantec solutions."
Prior to this announcement, Symantec and IMlogic have partnered on many fronts. The two companies have partnered to deliver comprehensive solutions for protecting IM from Internet threats and malware as well as from spam delivered over IM. In addition, Symantec Security Response has had a longstanding relationship with the IMlogic Threat Center, and research analysts from both companies have collaborated jointly to address the exponential growth of IM and P2P threats on the World Wide Web. Following the acquisition, IMlogic's threat detection and remediation for IM will be immediately integrated into Symantec's early warning and response system and will augment the existing capabilities of Symantec Security Response.
In addition, Enterprise Vault, the market-leading email and content archiving offering now from Symantec, has been integrated with IMlogic's IM Manager since 2002 to provide a comprehensive messaging archiving solution. This joint solution has addressed regulatory compliance and e-discovery needs for many of the world's largest enterprises. Following the close of the acquisition, components of the IMlogic technology will also be further integrated as a part of the Enterprise Vault archiving solution.
IMlogic's IM Manager provides guaranteed IM policy enforcement for regulatory compliance, centralized security controls, and enhanced real-time communications for extending IM across the enterprise — regardless of an organization's IM client of choice. It manages, secures, logs, and archives all IM traffic with certified support for public and enterprise IM networks, including AOL, MSN, Yahoo!, ICQ, IBM Lotus Instant Messaging, Microsoft Office Live Communications Server, Jabber, and others. Its integration with the IMlogic Threat Center provides real-time antivirus and anti-spam prevention for corporate IM usage. Similarly, its integration with Enterprise Vault allows logged IM communication to be archived and searched (alongside other archived content such as email) for legal or compliance purposes.
The IMlogic Real-Time Threat Protection System (RTTPS) is the industry's first IM threat protection system for predictive, automatic threat identification, and prevention. IMlogic's patent-pending RTTPS technology proactively prevents IM virus, worm, and malware outbreaks before they occur. The RTTPS passively monitors all enterprise IM traffic and looks for network anomalies and potential malicious behavior. Once a potential threat is recognized, it identifies the new threat signature and stops the potential outbreak by blocking it at the point of propagation.
IMlogic, Inc. is the market leader in enterprise software for instant messaging, the world's fastest growing communications medium of all time. The largest Fortune 1,000 companies across the financial services, energy, healthcare, government, media, telecommunications, technology, and manufacturing industries depend on IMlogic to manage, control, and secure corporate IM usage, while satisfying compliance requirements associated with real-time electronic communications. For more information on IMlogic call 877-IMlogic or visit www.IMlogic.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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