Symantec to Buy Software Maker

The company plans to acquire Sygate Technologies.
Author:
Publish date:

Symantec

(SYMC) - Get Report

plans to acquire Sygate Technologies, a maker of security and compliance software based in Fremont, Calif.

Terms of the acquisition weren't disclosed.

Sygate software is designed to help businesses enforce security by guaranteeing that all devices connected to a network are running the appropriate security programs, are configured correctly and possess up-to-date patches.

In a press release Tuesday, Symantec said it will now be able to help businesses enforce their policies and automate security practices. Symantec, the maker of the Norton family of security software, is based in Cupertino, Calif.

After the close of regular trading, shares of Symantec were down 2 cents to $21.37.