[THIN] Re: Fw: Symantec to Acquire Altiris

Think of it this way.  It could be worse,  it could have be CA that bought
them. 

 

On another note,  Enteo would be a better product for Citrix to buy.  As for
Microsoft,  there is an existing hate/hate relationship between MS and
Altiris.

 

Joe

 

From: thin-bounce@xxxxxxxxxxxxx [mailto:thin-bounce@xxxxxxxxxxxxx] On Behalf
Of Jim Kenzig ThinHelp.com
Sent: Monday, January 29, 2007 10:03 AM
To: thin@xxxxxxxxxxxxx
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
<http://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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