Virtualization Technology News and Information
Article
RSS
Holy Cow! Symantec to Acquire Altiris

Ok, so maybe "Holy Cow" is a bit much... but I didn't see this one coming.  I've been visiting with Altiris for a while now.  I even spoke about virtualization at their Altiris Manage Fusion event last year.  The story got a small sentence blurb out there about Altiris' Software Virtualization Solution (SVS), a product that I have come to highly respect.  I've covered the software for a while now, but really didn't get a true feeling for it until I went to Manage Fusion.  I was able to sit in on a number of classes or labs, lectures, and even discussed the product with Execs and program managers.

So based on this press release, I'm not sure if Symantec knows exactly what they have in this product or not.  And if they do, I have to wonder if Symantec has enough money in their war chest to now go after and purchase AppStream, a software application streaming package that has recently become quite associated with Altiris SVS.  AppStream has a great solution in my opinion, and adds that extra oomph to Altiris SVS, making it a great alternative to something like Microsoft's SoftGrid solution that it acquired recently from Softricity.

Here is the official press release:

Symantec Corp. today announced it has signed a definitive agreement to acquire Altiris, Inc., 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."

Published Monday, January 29, 2007 9:33 PM by David Marshall
Filed under:
Comments
There are no comments for this post.
To post a comment, you must be a registered user. Registration is free and easy! Sign up now!
Calendar
<January 2007>
SuMoTuWeThFrSa
31123456
78910111213
14151617181920
21222324252627
28293031123
45678910