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Symantec to Acquire Vontu

November 2007 by Marc Jacob

Symantec Corp. announced it has signed a definitive agreement to acquire Vontu, the leader in Data Loss Prevention (DLP) solutions, for $350 million, which will be paid in cash and assumed options. The acquisition is expected to close in the fourth calendar quarter of 2007, subject to receiving regulatory approvals and satisfaction of other customary closing conditions.

Data loss prevention solutions help organizations prevent the loss of confidential or proprietary information wherever it is stored or being used. Vontu’s products will complement Symantec’s existing portfolio of endpoint and network security, storage and compliance solutions, to provide customers with the most comprehensive platform for data loss prevention on the market today. The acquisition builds on Symantec’s strong partnership with Vontu and will provide an important component of Symantec’s Security 2.0 vision, which shifts the focus of security from simply securing systems and devices to also protecting the information itself.

Companies today are struggling to determine where their most sensitive information is stored, how it is being used, who has access to it and how to prevent it from being lost or compromised. To address the risk of data loss, organizations in every industry are adopting DLP solutions that enable them to find and protect sensitive data stored throughout the enterprise, monitor and prevent confidential data from being copied or sent outside the company and automatically enforce data protection policies.

Symantec expects this transaction to be $0.02 dilutive to FY08 non-GAAP earnings per share and expects FY08 GAAP earnings per share to be more diluted due to purchase accounting, stock based compensation and acquisition related charges associated with the transaction.

Vontu will bring a best-in-class DLP platform to Symantec’s already strong security and storage portfolio. Vontu’s Network and Endpoint Data Discovery and Protection solutions help organizations understand where confidential information is stored and quickly “find and fix” exposed data on servers, systems and endpoints. Vontu Data Monitoring and Prevention solutions stop confidential data from being sent outside the organization through email, web or IM. They also monitor and prevent confidential data on endpoints from being copied to removable media or downloaded to local drives. Vontu also offers a centralized platform with all of its products for policy management, detection, workflow and remediation.


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