Symantec to Acquire IMlogic
Integrating Instant Messaging Management Software Gives Symantec the
Only Comprehensive Solution for Complete Messaging Security and
Archiving
CUPERTINO, CA -- (MARKET WIRE) -- 01/03/06 -- Symantec Corp. (NASDAQ:
SYMC) today announced it has signed a definitive agreement to acquire
IMlogic, Inc., the market leader in enterprise software for instant
messaging (IM). IMlogic's technology provides a complete solution to
control and secure public and enterprise IM networks while ensuring
compliance with regulatory and corporate governance policies. The
acquisition is expected to close shortly after receiving customary
regulatory approvals.
"Real-time communication solutions like instant messaging are powerful
collaboration tools that create a new attack vector for threats to
enter an enterprise network and new forms of digital communication
with the same government, legal, and business requirements to retain
and retrieve as email," said Enrique Salem, senior vice president of
Security Products and Solutions, Symantec. "With the best-of-breed
instant messaging management and compliance software from IMlogic,
Symantec will be the first and only vendor to offer a complete
security and archiving solution to help customers manage all their
messaging requirements."
From shipping companies to hedge funds, businesses in almost every
market segment are adopting real-time, technologies like IM at a
record pace to improve their information sharing abilities and to
decrease the time needed to make business decisions. Consumers have
already embraced it as a communications tool and are sending more than
12 billion messages daily*, with many users sending more IMs than
e-mails. In addition, IM networks are increasingly evolving beyond
text messaging and file sharing and can offer voice over IP (VoIP)
services for free calling between clients. The rapid adoption of IM
networks by consumers and corporate users, combined with evolving
real-time communications functionality such as VoIP, makes instant
messaging a viable vehicle for malicious threats which can leverage
global IM directories to find new targets.
"Our customers have asked us for a holistic management tool to control
all real-time collaboration and keep it highly available, compliant,
and secure," said Francis deSouza, president and CEO, IMlogic. "They
understand the requirements for messaging security and a number of
them are already using our solutions in combination with Symantec
solutions."
Extension of Strong Partnership
Prior to this announcement, Symantec and IMlogic have partnered on
many fronts. The two companies have partnered to deliver comprehensive
solutions for protecting IM from Internet threats and malware as well
as from spam delivered over IM. In addition, Symantec Security
Response has had a longstanding relationship with the IMlogic Threat
Center, and research analysts from both companies have collaborated
jointly to address the exponential growth of IM and P2P threats on the
World Wide Web. Following the acquisition, IMlogic's threat detection
and remediation for IM will be immediately integrated into Symantec's
early warning and response system and will augment the existing
capabilities of Symantec Security Response.
In addition, Enterprise Vault, the market-leading email and content
archiving offering now from Symantec, has been integrated with
IMlogic's IM Manager since 2002 to provide a comprehensive messaging
archiving solution. This joint solution has addressed regulatory
compliance and e-discovery needs for many of the world's largest
enterprises. Following the close of the acquisition, components of the
IMlogic technology will also be further integrated as a part of the
Enterprise Vault archiving solution.
IMlogic's Capabilities
IMlogic's IM Manager provides guaranteed IM policy enforcement for
regulatory compliance, centralized security controls, and enhanced
real-time communications for extending IM across the enterprise --
regardless of an organization's IM client of choice. It manages,
secures, logs, and archives all IM traffic with certified support for
public and enterprise IM networks, including AOL, MSN, Yahoo!, ICQ,
IBM Lotus Instant Messaging, Microsoft Office Live Communications
Server, Jabber, and others. Its integration with the IMlogic Threat
Center provides real-time antivirus and anti-spam prevention for
corporate IM usage. Similarly, its integration with Enterprise Vault
allows logged IM communication to be archived and searched (alongside
other archived content such as email) for legal or compliance
purposes.
The IMlogic Real-Time Threat Protection System (RTTPS) is the
industry's first IM threat protection system for predictive, automatic
threat identification, and prevention. IMlogic's patent-pending RTTPS
technology proactively prevents IM virus, worm, and malware outbreaks
before they occur. The RTTPS passively monitors all enterprise IM
traffic and looks for network anomalies and potential malicious
behavior. Once a potential threat is recognized, it identifies the new
threat signature and stops the potential outbreak by blocking it at
the point of propagation.
About IMlogic, Inc.
IMlogic, Inc. is the market leader in enterprise software for instant
messaging, the world's fastest growing communications medium of all
time. The largest Fortune 1,000 companies across the financial
services, energy, healthcare, government, media, telecommunications,
technology, and manufacturing industries depend on IMlogic to manage,
control, and secure corporate IM usage, while satisfying compliance
requirements associated with real-time electronic communications. For
more information on IMlogic call 877-IMlogic or visit www.IMlogic.com.
About Symantec
Symantec is the world leader in providing solutions to help
individuals and enterprises assure the security, availability, and
integrity of their information. Headquartered in Cupertino, Calif.,
Symantec has operations in more than 40 countries. More information is
available at www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec
Corporation and its products, please view the Symantec Press Center at
http://www.symantec.com/PressCenter/ on Symantec's Web site. All
prices noted are in US dollars and are valid only in the United
States.
Symantec, the Symantec logo, VERITAS, and the VERITAS logo are
trademarks or registered trademarks of Symantec Corporation or its
affiliates in the United States and certain other countries.
Additional company and product names may be trademarks or registered
trademarks of the individual companies and are respectfully
acknowledged.
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements within the
meaning of U.S. federal securities laws, including expectations
regarding the closing of Symantec's acquisition of IMlogic and the
integration of its products and technologies into Symantec's products
and solutions, that involve known and unknown risks and uncertainties
that may cause actual results to differ materially from those
expressed or implied in this press release. Such risk factors include,
among others, satisfaction of closing conditions to the transaction,
our ability to successfully integrate the merged businesses and
technologies, and customer demand for the technologies and integrated
product offerings. Actual results may differ materially from those
contained in the forward-looking statements contained in this press
release. Additional information concerning these and other risk
factors is contained in the Risk Factors sections of Symantec's most
recently filed Forms 10-K and 10-Q. Symantec assumes no obligation to
update any forward-looking statement contained in this press release.
* Source IDC (September 2005)
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