Vontu's
data loss prevention software helps companies protect confidential
data. It is used to prevent data breaches by outsiders and monitors and
also stops the sending of confidential information, including customer
data and intellectual property, outside the corporate network via
e-mail or the Internet.
Symantec said it would layer Vontu's technologies across its
existing security, storage and compliance software. Vontu will operate
as a dedicated team with the Cupertino, Calif.-based company's Security
and Data Management Group.
Symantec said it expects the acquisition to be dilutive to non-GAAP
earnings per share by 2 cents in fiscal 2008, and that GAAP earnings
would be more diluted due to purchase accounting, stock based
compensation and acquisition-related charges associated with the
transaction.
Neither company used a financial adviser in connection with the transaction. Andrew Luh of Fenwick & West LLP served as counsel to Symantec, while Warren Lazarow, Paul Sieben, Lynna Huang and Melissa Wright of O'Melveny & Myers LLP provided legal counsel to Vontu.
The acquisition was the first for Symantec since April, when the
security giant closed on its $830 million acquisition of information
technology management software firm Altiris Inc.
This should make Vontu's competition feel very good. Once integrated into Symantec, Vontu's precense will all be disappear.