Symantec buys into IM security
Published: 04 Jan 2006 09:50 GMT
Symantec leapt into the nascent market for protecting instant messaging (IM) systems on Tuesday, announcing that it has agreed to acquire IMlogic, one of the sector's top players.
Financial terms were not released. But Carlin Wiegner, a senior director of Web security at Symantec, said in an interview with CNET News.com that his firm has agreed to pay all cash for 100-employee IMlogic, and expects the deal to close later this quarter.
IMlogic sells the IM Manager software, which promises to safeguard public and corporate IM networks while providing companies with a means to monitor and archive IM traffic.
Security companies have largely focused on protecting email servers up to now, but they're starting to turn their attention to IM as it grows in popularity. In November, MessageLabs, a hosted email and Web security specialist, acquired privately held OmniPod, which operates a hosted and secure IM platform.
"We took a look at the trend of IM and found that an amazing number of corporations were using it," Wiegner said. "We decided that it was going to be big, but the problem there is it still has the same risks as email."
IMlogic said Tuesday that IM networks saw an 826 percent rise in security attacks last month, compared with the same period a year earlier.
Not only does privately held IMlogic give Symantec a presence in IM security, it also signals that the company's 2-year old buying binge continues. In the past two years, Symantec has bought BindView Development, Brightmail, Liric, Sygate Technologies, Turntide, WholeSecurity and storage giant Veritas. In October, executives said that the company planned to make six to eight acquisitions a year with a major deal coming every 18 months.
Did you find this article useful?
76 out of 188 people found this useful
Digg
Slashdot
Del.ici.ous
Stumble
Reddit
