Security company Symantec has reached into its wallet and spent $695 million on MessageLabs, with plans to pull into technology into its Symantec Protection Network Team. MessageLabs is a messaging and security company.
MessageLabs customers will be moved to the Symantec Protection Network Team, then to a new Symantec SaaS (software-as-a-service) product group.
John W. Thompson, chairman and chief executive at Symantec, said:
"MessageLabs extends our investments in the SaaS segment and will allow us to offer our customers unprecedented choice from a single provider of message security solutions."
