Symantec Acquires BindView Development Corporation

October 4, 2005

Symantec Corp. agreed to acquire BindView Development Corporation in an all-cash transaction valued at approximately $209 million (about $4 per share). The deal, announced Oct. 4, 2005, brings BindView's agent-less IT security compliance and vulnerability-management capabilities into Symantec's product portfolio to provide a more comprehensive, end-to-end security and policy compliance solution.

Buyers
Symantec Corporation
Targets
BindView Development Corporation
Sellers
BindView shareholders
Industry
Cybersecurity
Location
United States
Transaction Type
Buyout

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