Feeds

Symantec buys ON Technology

ON message for $100m

  • alert
  • submit to reddit

Intelligent flash storage arrays

Symantec today bought security management firm ON Technology for approx. $100 million cash.

ON Technology markets products for centralized and unattended management - including auto-discovery, OS and application deployment, ongoing updates such as patches, and software usage and license management - for sundry computing platforms and devices. Its technology automates functions such as OS migrations, software deployment, mobile and remote management, asset management, security and patch management and disaster recovery.

According to Symantec, ON Technology complements its enterprise security portfolio and will help it further its aims of developing an end-to-end management system.

The transaction is expected to close by March 2004.

Last week Symantec bought SSL VPN vendor SafeWeb for $26 million in a deal that closely followed its late September acquisition of storage management and disaster recovery firm PowerQuest Corp in an all-cash deal valued at $150 million.

Altogether Symantec has forked out $300 million in cash to boost its portfolio in the space of only six weeks, making the company the 'Roman Abramovich' of the network security world.

Last week, Symantec announced record results with revenues rising on the back of recent viral epidemics here. ®

Related Stories

Slammer and Sobig boost Symantec
Symantec snaffles Safeweb
Symantec stumps up $150m for PowerQuest

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.