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Symantec Announces Plan To Acquire BindView For $209 Million; Fills Out Current Product Line; Deal is a break from earlier mergers, since BindView's growth potential is modest.(INTERNET & TECHNOLOGY)
Byline: DONNA HOWELL
A security software giant is getting bigger.
Symantec announced its third acquisition in less than two months Monday. The Cupertino, Calif., firm said it plans to buy BindView Development for $209 million in cash.
The deal, set to close early next year, expands Symantec's line of corporate software mainly in two areas: security policy compliance and vulnerability management.
Both fields are expected to rise modestly in coming years. But BindView's actual growth prospects are hard to pin down, analysts say. The company has struggled to break even in recent years.
"Symantec typically acquires companies that are strategic and growing more quickly, serving a hot sector," said Morgan Keegan analyst Chris Hovis. "This one, while at a relatively cheap price, seems to be about buying revenue and consolidating market share, with only a modest option for upside growth."
BindView's security policy compliance software could get a boost from stricter regulations. New rules force companies to set strong security policies and track compliance. BindView's software helps streamline that process.
- BindView Unveils Policy Center - a Comprehensive Web-based Security Policy...
- Press release article from: Business Wire July 29, 2002 700+ words
...Center solution suite joins BindView's market-leading bv...and managing those systems. BindView's Policy Operations Center...education. This integrated security policy approach and BindView's powerful content portal...
- BindView's Enterprise Security Solution the First To Be Certified by the Center...
- Press release article from: Business Wire April 1, 2002 700+ words
...Security Solution, comprised of BindView's bv-Control, bv-Admin...and IT security devices. BindView's Enterprise Security Solution...vulnerability assessment, security policy auditing and enforcement capabilities...of information security at BindView. "BindView's Enterprise...
- BindView Customer Forum Highlights Current Security Challenges and Future...
- Press release article from: Business Wire June 12, 2002 700+ words
...continuity practices. BindView executives led interactive...Platform Migrations -- Security Policy Development, Communication...Security Additionally, BindView customers discussed...Platform Migrations -- Security Policy Development, Communication...
- BindView Advances Relationship with HP to Include Product Integration with HP...
- Press release article from: Business Wire June 17, 2003 700+ words
...able to take advantage of BindView solutions to access and secure...second half of the year. BindView Vulnerability Management solutions...security misconfigurations and security policy exceptions globally across...Additionally, customers benefit from BindView's ability to publish ...
- BindView Maintains Worldwide Leadership Position in Host-Based Vulnerability...
- Press release article from: Business Wire September 12, 2002 700+ words
...Assessment Market Report by IDC BindView Corporation (NASDAQ...forward, we expect that BindView will continue to be a...products will integrate security policy creation, maintenance, and enforcement. BindView is listed as one of the...
- BindView Delivers Certified Security Management SPI Solutions to HP OpenView...
- Press release article from: Business Wire October 14, 2003 700+ words
...critical applications." The BindView SPI will be available through HP Professional Services and BindView sales. First Look Available...treated to a sneak-peek of BindView's new HP OpenView SPI at...security misconfigurations and security policy exceptions globally across...
- BindView Tapped for Microsoft Partner Solution Center.
- Press release article from: Business Wire September 16, 2003 700+ words
...director at IDC. "With BindView's addition to MPSC...environment to benefit from BindView's knowledgeable experience in robust security, policy compliance, vulnerability...By joining the MPSC, BindView is illustrating its commitment...
- BindView Offers Security Compliance Seminars to Share Best Practices for HIPAA,...
- Press release article from: Business Wire April 7, 2003 700+ words
...and privacy regulations, BindView Corporation (NASDAQ: BVEW...enterprise. Security experts from BindView and co-sponsor DynTek will...Before They Catch You -- Security Policy Gap Analysis - Take a Quick...Real World Examples The BindView seminars will be held...