Monday, June 27, 2022

Symantec will buy Sygate

Symantec has signed an agreement to acquire Sygate, the company revealed Tuesday.

Financial terms of the deal were not disclosed. Sygate is a corporate and network security specialist, which focuses on securing vulnerable computer network “endpoints.

“Securing the ‘endpoints’ of a corporate network is a challenge that affects all enterprises,” said Chris Christiansen, vice president of security products and services, IDC.

“Companies are looking for integrated offerings that can both protect the network and ensure that endpoints are compliant with security policies. This acquisition will give customers a complete endpoint compliance solution while helping to reduce complexity and cost.”

Endpoint security aims to guarantee that all devices connected to a network – desktops, laptops, servers, and mobile devices – are running appropriate security solutions, are configured correctly, and possess up-to-date patches.

Most of Sygate’s 200 employees will join Symantec. The deal remains subject to regulatory approval.

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