The tech security company will pick up agent-less security compliance supplier bind view for about $4 per share.
Symantec will acquire Bindview in an all-cash deal worth about $209 million USD. BindView’s products will let Symantec provide compliance-conscious customers with either an agent-based or agent-less compliance solution.
Compliance in this instance means Sarbanes-Oxley, among other regulations. Failing to properly enforce data safeguards across the enterprise of a publicly traded company could incur the wrath of the SEC.
The architectural needs of a client will dictate the need for agent-based or agent-less compliance solutions, Symantec observed in a statement. Agent-based solutions work well in a heterogeneous environment, like a typical corporate LAN. Enterprises with more far-flung hardware than a single network will be able to choose an agent-less offering.
BindView’s product allows for compliance enforcement in three areas focused upon by regulators:
BindView’s IT security compliance software helps simplify and reduce the cost of demonstrating regulatory compliance by automating three critical functions – policy and compliance management, vulnerability and configuration management, and directory and access management. Its technology helps organizations define and manage security policies and demonstrate compliance with new and evolving regulations.
For Symantec, the BindView deal is just one in a string of purchases by the Cupertino firm. In August, the company announced it would purchase Sygate, a firewall and security software maker itself. And in September, they purchase Whole Security, a small private maker of anti-phishing and intrusion prevention software, InformationWeek reported.
David Utter is a staff writer for Murdok covering technology and business. Email him here.
