Symantec (Nasdaq: SYMC) has announced the cash purchase of Waltham, Massachusetts-based ON Technology for US$100 million. With the purchase, the Cupertino, California-based security-software firm adds to its product line tools to automate security updates on individual computers.
The deal amounted to a stealth move, catching even some of Symantec’s public relations officials off guard. The firm, which makes its living off quick turnaround responses to security issues, already had gotten a green light from the boards of both companies before making the announcement. The $4 per-share offer still must be approved by ON shareowners. (full story)
Latest posts by Ramon Ray (see all)
- Wix Launches Simple Marketing Automation for Growing Businesses – Wix Ascend - December 11, 2018
- You’ve Been Fired. How To Start Your Own Business - December 3, 2018
- Make Better Presentation Slides With This New Tool. Ramon Reviews Beautiful.ai - November 27, 2018