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Symantec To Acquire WholeSecurity

  • 23 September, 2005 11:26

<p>News Release
<p>Behavior-Based Security Provides Real-Time Protection to Consumers and Enterprises</p>
<p>CUPERTINO, Calif. – Sept. 23, 2005 – Symantec Corp. (Nasdaq: SYMC) today announced that it has signed a definitive agreement to acquire WholeSecurity, Inc., a leading provider of behavior-based security and anti-phishing technology. Whole Security's technology analyzes the characteristics and actions of viruses, worms and other malicious code to offer real-time protection against these threats without the need for traditional security signatures. The transaction is expected to close in October.</p>
<p>“WholeSecurity provides industry leading protection from phishing attacks, one of the fastest growing threats to online transactions, such as banking, e-commerce, and auctions,” said Enrique Salem, senior vice president, Symantec Security Products and Solutions. “In addition, WholeSecurity’s family of solutions provides critical behavior-based security technology that we expect to be a core component of Symantec’s baseline consumer security and enterprise desktop solutions.”
Behavior-based security technology identifies online threats such as worms, viruses, Trojan horses, keystroke loggers, and phishing sites by their actions and characteristics. WholeSecurity’s Confidence Online analyzes the behavior exhibited by these threats against hundreds of detection modules to determine whether the active processes or web sites are safe or malicious. This technology can immediately detect and mitigate unknown threats by their behavior without traditional signatures or patches thereby protecting users against zero-day attacks.</p>
<p>WholeSecurity’s unique patent-pending behavior-based technology addresses applications ranging from browser-based phishing detection and notification to on-demand delivery of malicious code detection.
“We have been the first line of defense for our customers, protecting them against new forms of malicious threats before signatures can be created,” said J. Peter Selda, president and chief executive officer, WholeSecurity. “Combining our behavior-based technology with Symantec’s industry leading solutions will allow us to deliver this capability to a much broader audience and move us further toward our vision of providing zero-hour protection for every endpoint.”</p>
<p>WholeSecurity’s Confidence Online for Web Applications protects unmanaged or remote computers that access company resources, but don’t currently have a behavior-based agent installed. Following an initial scan at log-in, Confidence Online integrates with web applications to let clean computers access the web application, protecting or blocking infected machines prior to connection. Confidence Online then continuously scans the users' system to ensure threats are neutralized before they can do damage.</p>
<p>Confidence Online for Corporate PCs protects employees by providing “always on” protection for corporate IT managed computers. Confidence Online for E-Commerce protects consumer e-commerce sessions by seamlessly and automatically delivering on-demand security that stops eavesdropping threats from running on a consumer’s computer.</p>
<p>Confidence Online Phish Finder provides real-time, browser-based protection from fraudulent websites. Confidence Online Phish Finder powers the AccountGuard feature of the eBay toolbar. The Phish Report Network (PRN) powered by Confidence Online is the first worldwide anti-phishing aggregation service that enables companies to report and block phishing web sites and better protect online consumers worldwide.</p>
<p>About WholeSecurity
Recently named by Fortune Magazine as a 2005 Breakout Company, WholeSecurity provides behavior-based security solutions that protect PCs from crimeware, such as worms, Trojan horses, malicious spyware, and phishing attacks. WholeSecurity’s products leverage behavioral technology to eliminate these threats, whether they are known or unknown, on both managed and unmanaged PCs. WholeSecurity’s customers include eBay, Deutsche Bank, and Visa. To learn more, please visit</p>
<p>About Symantec
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at</p>
<p>NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States.</p>
<p>Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.</p>
<p>Investor Contact:
Helyn Corcos
Symantec Corporation
<p>For media enquiries please contact:
Antoinette Trovato
Public Relations Manager - Pacific
Tel: +61 2 8879 1173 or +61 408 495 337
<p>Fiona Martin
Max Australia
Tel: +612 9954 3492
This press release contains forward-looking statements, including expectations regarding the closing of the acquisition of WholeSecurity and integration of its technologies into our products, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release. Such risk factors include, among others, satisfaction of closing conditions to the transaction, our ability to successfully integrate the merged businesses and technologies and customer demand for the technologies and integrated product offerings. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec's most recently filed Forms 10-K and 10-Q. Symantec undertakes no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.</p>

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