Symantec to Extend Online Services with Acquisition of MessageLabs
Market leaders join to deliver the broadest set of messaging security offerings
庫比蒂諾市,加州. – 2008/10/8 – 賽門鐵克公司. (那斯達克:SYMC)
today announced it has signed adefinitive agreement to acquire MessageLabs, a leading provider ofonline messaging and Web security services. Under the terms of theagreement, Symantec will acquire MessageLabs for a purchase price ofapproximately $695 million in cash, subject to foreign currencyadjustments, payable in approximately £310 million Pounds Sterling and$154 million US Dollars. MessageLabs generated approximately $145million in revenue during fiscal year 2008, ending July 31, 2008 andgrew by more than 20 percent over the prior fiscal year. The agreementis subject to customary closing conditions including regulatoryapprovals, and is expected to close by the end of the 2008 calendaryear.
With the acquisition of MessageLabs, Symantec gains a leadershipposition in the rapidly growing Software-as-a-Service (SaaS) segmentand strengthens its lead in the messaging security market. MessageLabsis the number-one provider of online messaging security worldwide withmore than eight million end users at more than 19,000 clients rangingfrom small business to the Fortune 500. Symantec will capitalize oncross-selling and up-selling its existing SaaS offerings of backup,storage and online remote access into the MessageLabs customer base.And future SaaS offerings, leveraging Symantec technology in data lossprevention, compliance, endpoint security and archiving, will beenhanced by MessageLabs’ expertise in SaaS sales, operations andsupport.
“MessageLabs extends our investments in the Software-as-a Servicesegment and will allow us to offer our customers unprecedented choicefrom a single provider of message security solutions” said John W.Thompson, chairman and chief executive officer, Symantec. “By combiningMessageLabs with our Symantec Protection Network team, we have one ofthe strongest portfolios of cloud-based infrastructure services and agreat foundation on which to grow.”
By combining MessageLabs’ deep expertise in the SaaS market withSymantec’s rich portfolio of technologies, Symantec will be able tooffer a broad portfolio of online service to secure and manageinformation. By bringing together two industry leaders, Symantecsignificantly expands its messaging security market leadership. Inaddition, Symantec will provide the broadest range of offerings in themessaging security market including software, appliance and hostedservices.
“Symantec and MessageLabs have a common belief in the benefits of in-the-cloud services and how they enable customers to be protectedfrom threats and enforce policy,” said Adrian Chamberlain, chiefexecutive officer, MessageLabs. “MessageLabs’ services help ensure thatonly safe and appropriate information enters and leaves theorganization. Together, with Symantec, we can set a roadmap for thefuture of online services.”
This acquisition also continues the momentum of the SymantecProtection Network, the Symantec SaaS platform. By combiningMessageLabs and Symantec Protection Network, customers will benefitfrom access to a greater number of SaaS offerings on one easy-to-useportal and the opportunity to purchase through a broader network ofpartners in more locations around the world. MessageLabs customers willnow have access to Symantec Protection Network offerings throughMessageLabs’ established SaaS go-to-market model. Symantec’s provensmall-and-medium and enterprise channel program will expand the globalaccess to MessageLabs offerings.
MessageLabs’ established suite of online services for messaging andweb security provide additional, complementary offerings to thosealready available on the Symantec Protection Network platform whichincludes Online Backup, Online Storage for Backup Exec and OnlineRemote Access. MessageLabs’ 14 worldwide data centers and significantexpertise in SaaS sales, operations and support will also allow forfuture international expansion of current Symantec Protection Networkservices.
MessageLabs plus Symantec Protection Network will result in thecreation of a new Symantec Software-as-a-Service product group toaccelerate the development of new SaaS solutions and hybrid offeringsfor IT professionals. SaaS is described as one of the most impactfultrends in software with a current estimated market size of $5.71billion (in 2007) reaching $16.98 billion by 2012, representing 24.4percent CAGR according to IDC¹. For more information on how MessageLabswill complement Symantec in the delivery of SaaS offerings pleasevisit: http://go.symantec.com/MessageLabs.
Webcast and Conference Call Information
Symantec will host a conference call and webcast today to discussthe acquisition at 5 a.m. PST/ 8 a.m. EST/ 1 p.m. GMT. The livediscussion can be accessed by dialing 888-253-4037 domestic and719-867-0591 internationally, passcode 460686. An audio webcast of thecall will also be available at www.symantec.com/invest. Please go tothe Web site at least 15 minutes early to register, download, andinstall any necessary audio software. A replay of the call will beavailable via webcast at www.symantec.com/invest.
About MessageLabs
MessageLabs is a leading provider of integrated messaging and websecurity services, with more than 19,000 clients ranging from smallbusiness to the Fortune 500 located in more than 86 countries.MessageLabs provides a range of managed security services to protect,control, encrypt and archive communications across email, web andinstant messaging. These services are delivered by MessageLabs globallydistributed infrastructure and supported 24/7 by security experts. Thisprovides a convenient and cost-effective solution for managing andreducing risk and providing certainty in the exchange of businessinformation. MessageLabs main shareholders include the founders Ben andJos White, Catalyst Investors and Prospect Investment Management. Formore information, please visit www.MessageLabs.com.
About Symantec
Symantec is a global leader in providing security, storage andsystems management solutions to help businesses and consumers secureand manage their information. Headquartered in Cupertino, Calif.,Symantec has operations in more than 40 countries. More information isavailable at www.symantec.com.
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FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements within themeaning of U.S. federal securities laws, including expectationsregarding the closing of Symantec’s acquisition of Message Labs and theintegration of its products and technologies into Symantec’s productsand solutions, that involve known and unknown risks and uncertaintiesthat may cause actual results to differ materially from those expressedor implied in this press release. Such risk factors include, amongothers, satisfaction of closing conditions to the transaction, ourability to successfully integrate the acquired businesses andtechnologies, and customer demand for the technologies and integratedproduct offerings. Actual results may differ materially from thosecontained in the forward-looking statements contained in this pressrelease. Additional information concerning these and other risk factorsis contained in the Risk Factors sections of Symantec's Annual Reporton Form 10-K for the fiscal year ended March 28, 2008. Symantec assumesno obligation to update any forward-looking statement contained in thispress release.
¹ Source: IDC, Worldwide Software on Demand 2008-2012 Forecastand 2007 Vendor Shares: Moving Toward an On-Demand World, Doc ##213197, July 2008

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