Symantec To Acquire Imlogic
Symantec Corp. (Nasdaq: SYMC) today announced it has signed a definitive agreement to acquire IMlogic, Inc., the market leader in enterprise software for instant messaging (IM). IMlogic’s technology provides a complete solution to control and secure public and enterprise IM networks while ensuring compliance with regulatory and corporate governance policies. The acquisition is expected to close shortly after receiving customary regulatory approvals.
“Real-time communication solutions like instant messaging are powerful collaboration tools that create a new attack vector for threats to enter an enterprise network and new forms of digital communication with the same government, legal, and business requirements to retain and retrieve as email,” said Enrique Salem, senior vice president of Security Products and Solutions, Symantec. “With the best-of-breed instant messaging management and compliance software from IMlogic, Symantec will be the first and only vendor to offer a complete security and archiving solution to help customers manage all their messaging requirements.”
From shipping companies to hedge funds, businesses in almost every market segment are adopting real-time, technologies like IM at a record pace to improve their information sharing abilities and to decrease the time needed to make business decisions. Consumers have already embraced it as a communications tool and are sending more than 12 billion messages daily*, with many users sending more IMs than e-mails. In addition, IM networks are increasingly evolving beyond text messaging and file sharing and can offer voice over IP (VoIP) services for free calling between clients. The rapid adoption of IM networks by consumers and corporate users, combined with evolving real-time communications functionality such as VoIP, makes instant messaging a viable vehicle for malicious threats which can leverage global IM directories to find new targets.
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