Symantec buys Bindview for $209 million Staff

Symantec Corp. announced this morning it's buying Houston-based BindView Development Corp. for some $209 million cash, provided regulators approve the transaction.

"We are excited to be able to offer customers BindView's leading agent-less policy compliance solution," Ajei Gopal, a senior executive with Symantec, said in a news release. He added that folding BindView's agent-less architecture into Symantec's portfolio should "help reduce the costs and complexity associated with compliance." In other words, BindViews' software, which works well for those with IT staff limitations, complements Symantec's existing agent-based tools.

Since HIPAA hit enterprises several years ago, BindView has heavily marketed (and expanded) its vulnerability management software as a means of meeting IT security-related regulations. Cupertino, Calif.-based Symantec, meantime, has continued to buy up companies big and small to expand its goal of becoming a one-stop shop for companies' security needs.

The deal to buy BindView amounts to $4 a share and is expected to close in the first calendar quarter of 2006. Last month Symantec announced it was buying Whole Security of Austin, Texas, a startup that does behavior-based threat analysis and specializes in anti-phishing tools. Terms of that transaction have not been disclosed.

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