Symantec plans to spend $200 million acquisition of security vendors BindView

October 5th news, world famous information security vendor Symantec (Symantec) said on Monday that the planned acquisition of IT security equipment software provider BindView Development. the deal worth $209 million, is expected to be completed in the first quarter of 2006. The acquisition agreement must also be approved by regulators and BindView shareholders.

The BindView company chairman and CEO Eric (Eric Pulaski) said that the parachi BindView IT device software can automatically open the three functions, help the company to resolve internal management and policy issues, the three is the policy and management of equipment, vulnerable to attack vulnerabilities and configuration management and directory and log management.

Once after the completion of the acquisition, BindView products will be sold by Symantec channels, direct sales model and the company had been used, there is no complete system of sales channels, joining Symantec will help to greatly enhance the company's products sales force.