I can't believe that came from your mouth!
Symantec Buys MessageLabs for 700 Million Bucks
Symantec elbowed its way into the Software as a Service (SaaS) space by buying email scrubbing company MessageLabs for 700 Million US dollars. In a down economy.
From InformationWeek here:
Symantec on Wednesday said it has agreed to buy MessageLabs for $695 million in cash, and plans to fold the company’s online e-mail and instant-messaging service for business into Symantec’s online backup, storage, and other software-as-a-service offerings.
The deal is expected to close by the end of the year. After that, Symantec plans to integrate MessageLabs’ services with its own to form a new SaaS product group for businesses. Initially, such a combination would bring together MessageLabs’ online e-mail and e-mail storage, IM, and Web filtering services with Symantec’s online backup, storage, and remote access products.
Steinnon can’t believe Symantec paid this much. And notes that:
the remaining email security vendors hope that the result will be similar to Symantec’s Brightmail acquisition: the competition falls into a black hole never to be heard from again.
Yeah, whatever happened to Brightmail? This leaves Qualys as the next big SaaS player that should be on the market for purchase.
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| Print article | This entry was posted by Dr. Jones on October 9, 2008 at 3:12 pm, and is filed under Cyber. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
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