by CIO Staff

Symantec to Buy Asset Mgmt. Software Maker Altiris

Jan 29, 20071 min
Data Center

Symantec will acquire Altiris, a maker of asset management software for mobile devices and other hardware, for US$830 million, the companies said Monday.

Symantec said it will merge technology from Altiris into its endpoint security products, which deal with compliance, security and backup issues. Altiris, which is based in Lindon, Utah, also produces software that tracks cost and maintenance issues for hardware such as desktops, servers and mobile devices.

Altiris stockholders will receive $33 per share of common stock. The deal, which should close in the second calendar quarter of this year, is subject to approval by Altiris stockholders and regulators.

-Jeremy Kirk, IDG News Service (London Bureau)

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