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Symantec to Acquire Brightmail; Leading Anti-Spam Solution to Complement Symantec's Gateway Security Offering
CUPERTINO, Calif.--(BUSINESS WIRE)--May 19, 2004--Symantec Corp. (Nasdaq:SYMC), the global leader in information security, today announced that it has signed an agreement to acquire Brightmail, the worldwide leader in anti-spam technology, in a cash transaction valued at approximately $370 million. Brightmail's market-leading anti-spam technology will be a key complement to Symantec's broad array of gateway security solutions.
The acquisition, conditioned upon customary regulatory approval, is expected to close by early July.
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