Tech Company M&A Transactions
BindView Development Acquisition
On 11/17/2005, BindView Development was acquired by Symantec. The transaction price was $209 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/17/2005
Transaction Type
M&A
Amount
$209,000,000
M&A Terms
Symantec Corp. today announced it has signed a definitive agreement to acquire BindView Development Corporation. The all-cash transaction, which is subject to regulatory and BindView shareholder approvals, is valued at approximately $209 million or $4 per share and is expected to close in the first calendar quarter of 2006. Upon close of this acquisition, Symantec expects to provide a comprehensive end-to-end solution for policy compliance and vulnerability management, offering customers a choice of agent-based or agent-less technology architectures.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
5151 San Felipe
Houston, TX 77056
USA
Houston, TX 77056
USA
Phone
Website
Email Address
Not Recorded
Overview
BindView Development Corporation is a global provider of IT security compliance software. BindView solutions remove barriers that limit an organization's ability to cost-effectively demonstrate due care and maintain compliance with IT security policies and regulatory mandates.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eric Pulaski
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