[THIN] Re: Fw: Symantec to Acquire Altiris

IT would have been a great acquisition for either of them.  It is interesting 
for sure.  
  ----- Original Message ----- 
  From: Jim Kenzig ThinHelp.com 
  To: thin@xxxxxxxxxxxxx 
  Sent: Monday, January 29, 2007 12:02 PM
  Subject: [THIN] Re: Fw: Symantec to Acquire Altiris


  I'm not happy about this. ... Citrix of MS should of snapped them up.
  Jim

   
  On 1/29/07, Jim Kerr <jim@xxxxxxxxxx> wrote: 

    News Release 
    Symantec to Acquire Altiris 
    Combination creates a comprehensive approach to securing and managing 
endpoints

    CUPERTINO, Calif. – Jan. 29, 2007 – Symantec Corp. (Nasdaq: SYMC) today 
announced it has signed a definitive agreement to acquire Altiris, Inc. 
(Nasdaq: ATRS), a leading provider of IT management software that enables 
businesses to easily manage and service network-based endpoints – from mobile 
devices, laptops, and desktops to servers and storage assets. Under the terms 
of the agreement, Altiris stockholders will receive $33 per share of Altiris 
common stock in cash, resulting in a transaction value of approximately $830 
million net-of-cash-acquired. The transaction is subject to customary closing 
conditions including regulatory and Altiris stockholder approvals, and is 
expected to close in the second calendar quarter of 2007. 

    Symantec's acquisition of Altiris should bolster its position and leverage 
its strengths on the enterprise endpoint. Symantec helps businesses protect 
their endpoints with leading security, compliance, and backup and recovery 
solutions for mobile devices and PCs to servers and storage assets. Altiris 
helps companies manage their endpoints and the configuration of those assets. 
With the Altiris solutions, Symantec expects to be able to help customers 
better manage and enforce security policies at the endpoint, identify and 
protect against threats, and repair and service assets. 

    "The most secure endpoint is a well-managed endpoint. The best protection 
must be complemented by the ability to remediate and address vulnerabilities 
that could be exploited," said John W. Thompson, chairman and chief executive 
officer, Symantec. "By combining the endpoint management solutions from Altiris 
with the security expertise from Symantec, we believe we can offer customers a 
more comprehensive solution to protect and manage the millions of connected 
devices that make up the fabric of today's global IT infrastructure." 

    Altiris solutions are aimed at reducing the cost and complexity of 
tracking, supporting, and maintaining an organization's corporate IT assets, 
including desktops, laptops, servers, and handheld devices. Altiris offers its 
customers a unique approach to IT service management with its modular, 
integrated solutions for server, client and mobile lifecycle management, and 
asset and service management. In addition, Altiris has also introduced 
innovative software virtualization technology critical to providing faster, 
simpler and more manageable deployment of PC applications. This technology 
helps to reduce support costs and streamline software operations. 

    "Today's IT departments are faced with constant pressures to manage 
spiraling IT complexity at the lowest possible cost. We have made it our goal 
to help businesses reduce the cost and complexity of IT, improve system and 
data security, and better align IT service with corporate objectives," said 
Greg Butterfield, president and chief executive officer, Altiris. "By combining 
our software solutions, services, and channel distribution strengths, Symantec 
and Altiris can offer our customers the 'total package' in endpoint 
management." 

    Conference Call

    There will be an analyst and investor conference call conducted by 
management teams of both Symantec and Altiris to discuss the transaction, today 
at 8 a.m. EST/5 a.m. PST. The live discussion can be accessed by dialing (800) 
289-0572 or (913) 981-5543, passcode 2924997. A webcast of the Symantec/Altiris 
analyst and investor conference call will also be available on the Internet at 
www.symantec.com/invest and www.Altiris.com. There will be replay of the 
webcast available on the Web sites for those shareholders and analysts who are 
unable to listen to the live call.






  -- 
  Jim Kenzig 
  Microsoft MVP - Terminal Services
  http://www.thinhelp.com
  Citrix Technology Professional
  Provision Networks VIP
  CEO The Kenzig Group
  http://www.kenzig.com
  Blog: http://www.techblink.com

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