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| Symantec to Acquire Sygate Technologies; Leading Endpoint Compliance Technology to Extend Symantec's Security Leadership |
CUPERTINO, Calif.--(BUSINESS WIRE)--Aug. 16, 2005--Symantec Corp. (Nasdaq:SYMC) today announced that it has signed an agreement to acquire Sygate Technologies, a technology leader in endpoint compliance solutions. Sygate's technology will complement Symantec's presence on the endpoint to create a holistic solution to address the security, compliance, and remediation requirements of today's large enterprises. The acquisition is expected to close shortly after receiving customary regulatory approvals. "Securing the 'endpoints' of a corporate network is a challenge that affects all enterprises," said Chris Christiansen, vice president of security products and services, IDC. "Companies are looking for integrated offerings that can both protect the network and ensure that endpoints are compliant with security policies. This acquisition will give customers a complete endpoint compliance solution while helping to reduce complexity and cost." Endpoint compliance solutions help enterprise organizations enforce security by guaranteeing that all devices connected to a network -- desktops, laptops, servers, and mobile devices -- are running the appropriate security solutions, are configured correctly, and possess up-to-date patches. Symantec will now be able to help businesses enforce business policies and automate security practices to regain control of network security, reduce costs, and ensure compliance across the organization. "It is critical to have an endpoint compliance solution that will allow companies to leverage their existing IT infrastructure to control the myriad devices connecting to the network," said Enrique Salem, senior vice president, Security Products and Solutions at Symantec. "A recognized leader in endpoint compliance, Sygate provides the first universal network access control system designed to protect the entire enterprise network -- from mobile devices to servers to unmanaged devices. The fact that their technology is built on industry standards means that companies don't have to implement expensive infrastructure changes to deploy this solution." For more than five years, enterprise customers have turned to Sygate to automate the process of discovering endpoints, determining their compliance with security policies, enforcing network access control, remediating noncompliant systems, and then continuously monitoring for compliance. The Sygate Universal Network Access Control system enables enterprises to extend the protections of network access control to every type of network access (VPN, wireless, wired switch, DHCP, and home networks) and on all endpoints (desktops, laptops, servers, guest systems, and embedded devices) and allows them to define how secure an endpoint must be before it can access specific network resources, even when users take their mobile devices off the corporate network. "Thanks to the support of our customers, employees, investors, partners, and shareholders, Sygate has helped some of the largest, most complex enterprises to secure their infrastructures and eliminate disruptions to business-critical computer systems," said John DeSantis, president and CEO of Sygate Technologies. "Combining our entrepreneurial spirit and expertise in endpoint compliance with Symantec's outstanding resources, corporate culture and market leadership in client security will allow us to offer customers the most comprehensive solution for both managed and unmanaged endpoints." Upon close of the deal, Symantec AntiVirus and Symantec Client Security customers will be able to license and deploy Sygate's Network Access Control (SNAC) agent to provide endpoint compliance on top of the protection they already receive. Symantec will integrate its remediation capabilities like LiveUpdate and LiveState Patch Manager and its data availability solutions into a more robust endpoint compliance solution. Protecting enterprise networks and application data from exposure by user access from unmanaged devices like business center kiosks has also proven to be a unique challenge for enterprises. Sygate On-Demand Agent (SODA) provides a small lightweight agent that can be downloaded via SSL and portal connections. This agent ensures that endpoints that are not company-owned or managed are in compliance with corporate security policies and that the transaction data itself is secure. In addition to providing network access control and key on-demand security technology, Sygate also provides award-winning endpoint protection capability. Recently announced Sygate Enterprise Solution (SEP) 5.0 provides broad protection and control in a single agent and under simplified management. Symantec expects to leverage and integrate these technologies with its existing endpoint protection products. Until that integration occurs, SEP 5.0 will be offered alongside Symantec's other endpoint security solutions. About Sygate Technologies, Inc. Sygate is the market-leader in network access control solutions for the large enterprise. Through intelligent policy enforcement, its solution ensures "Compliance on Contact," protecting computers, data and networks from misuse, malicious access and misconfiguration. Using Sygate solutions, the world's largest organizations protect their networks, enforce business policies, and automate security practices to regain control of network security, reduce costs, and ensure compliance across the organization. Partnerships with industry leaders, including Alcatel, Aruba, Aventail, Cisco, Enterasys, Extreme Networks, Hewlett Packard, iPass, Juniper Networks, Microsoft and Nortel enable Sygate's technology to operate seamlessly across multiple platforms and applications. Sygate Technologies is headquartered in Fremont, California. For more information, please visit www.sygate.com About Symantec 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. NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States. Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. 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 expected product developments and offerings, 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: 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 suggested by the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec's previously filed Form 10-K and Form 10-Q.
CONTACT: Symantec Corporation |