Symantec To Acquire Vontu

Symantec has signed a definitive agreement to acquire Vontu, a provider of Data Loss Prevention (DLP) solutions, for $350 million.

Vontu’s products will complement Symantec’s existing portfolio of endpoint and network security, storage and compliance solutions, to provide customers a platform for data loss prevention. The acquisition builds on Symantec’s strong partnership with Vontu and will provide an important component of Symantec’s Security 2.0 vision, which shifts the focus of security from simply securing systems and devices to also protecting the information itself.

“The combination of Symantec’s existing portfolio and Vontu’s leading products and dedicated team enables us to deliver a central component of our Security 2.0 vision to customers − information-centric security that protects both the device and the information itself,” said Tom Kendra, group president, Security and Data Management Group, Symantec.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

“The next wave of security is based on one simple idea – it’s about the information,” said Joseph Ansanelli, CEO, Vontu. “By joining forces with Symantec and building upon their strength in enterprise security and storage solutions, we will be uniquely positioned to help customers answer the important questions as to where their confidential information is stored, how it is being used, and how best to prevent its loss.”