Symantec to Purchase Bindview

Symantec on Monday said it had agreed to purchase Bindview, a maker of security software for businesses that focuses on compliance of regulations. Symantec will pay $209 million in the all cash deal, which is expected to close early next year. The acquisition follows Symantec's purchase of Sygate and anti-phishing firm WholeSecurity.

""We are excited to be able to offer customers BindView's leading agent-less policy compliance solution. Not only will we be able to meet customers' IT security and policy compliance needs with a complete range of product capabilities, but we will also be able to help reduce the cost and complexity associated with compliance," said Ajei Gopal, senior vice president of Solutions, Alliances and Operations at Symantec.