[THIN] Re: Fw: Symantec to Acquire Altiris
- From: "Jim Kerr" <jim@xxxxxxxxxx>
- To: <thin@xxxxxxxxxxxxx>
- Date: Mon, 29 Jan 2007 12:25:01 -0500
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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