MessageLabs acquired by Symantec

Posted by   Virus Bulletin on   Oct 8, 2008

Acquisition deal valued at $695m.

Security industry heavyweight Symantec has announced a definitive agreement to acquire software-as-a-service security specialist MessageLabs.

According to the terms of the agreement, Symantec will pay a purchase price of approximately $695 million in cash (which will be split into roughly £310 million sterling and $154 million USD).

MessageLabs grew by more than 20 per cent over the last fiscal year to see annual sales of $145 million with more than eight million end-users. Symantec representatives say that the aim of the acquisition is to strengthen the security vendor's software-as-a-service offerings, which is an area tipped by security industry watchers for significant and rapid growth.

This latest acquisition comes four months after Symantec announced its plans to purchase online backup service SwapDrive and just a couple of months after announcing its purchase of security and privacy vendor PC Tools.

The agreement is expected to be completed by the end of this calendar year.

Posted on 08 October 2008 by Virus Bulletin



Latest posts:

New article: Run your malicious VBA macros anywhere!

Kurt Natvig explains how he recompiled malicious VBA macro code to valid harmless Python 3.x code.

New article: Dissecting the design and vulnerabilities in AZORult C&C panels

In a new article, Aditya K Sood looks at the command-and-control (C&C) design of the AZORult malware, discussing his team's findings related to the C&C design and some security issues they identified.

VB2021 localhost call for papers: a great opportunity

VB2021 localhost presents an exciting opportunity to share your research with an even wider cross section of the IT security community around the world than usual, without having to take time out of your work schedule (or budget) to travel.

New article: Excel Formula/Macro in .xlsb?

In a follow-up to an article published last week, Kurt Natvig takes us through the analysis of a new malicious sample using the .xlsb file format.

New article: Decompiling Excel Formula (XF) 4.0 malware

In a new article, researcher Kurt Natvig takes a close look at XF 4.0 malware.

We have placed cookies on your device in order to improve the functionality of this site, as outlined in our cookies policy. However, you may delete and block all cookies from this site and your use of the site will be unaffected. By continuing to browse this site, you are agreeing to Virus Bulletin's use of data as outlined in our privacy policy.