Computer Associates Bolsters Worldwide Leadership in Anti-Virus Market by Acquiring Assets of Cybec Pty Ltd.ISLANDIA, N.Y. & MELBOURNE, Australia--(BUSINESS WIRE)--Jan. 14, 1999-- Australian Developer Of Vet Extends CA's Development Resources And Market Reach Computer Associates International, Inc. (CA) today announced it has acquired the assets of privately owned Cybec Pty Ltd PTY LTD Propriety Limited (company structure in Australia) , developer of Australia's leading anti-virus software anti-virus software n → Antivirensoftware f , Vet. Financial terms were not disclosed. The acquisition will provide CA with additional anti-virus development resources and a strategically situated customer service facility. It will also strengthen CA's position in Australia and surrounding Asian markets where it has established leadership. CA will continue to offer Vet as a standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. product and will integrate the technology into its industry-leading Unicenter TNG TNG Training TNG The Next Generation TNG Tongue TNG The Newspaper Guild (Union) TNG Transitional National Government TNG Telescopio Nazionale Galileo (national facility of the Italian astronomical community) enterprise management solution and InoculateIT anti-virus solution. "The complexity and variety of malicious code threats continues to increase, as does the business value of the data assets being threatened," said Yogesh Gupta, CA senior vice president of product strategy. "It is therefore imperative that we continue enhancing our anti-virus technology and R&D resources - which is exactly what we are doing with the acquisition of Vet." Vet (www.vet.com.au) provides anti-viral software for a range of applications and operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . In the unlikely event that a customer discovers a new undocumented virus, Vet is updated to handle it within 48 hours. All Cybec employees have been invited to join CA. CA will continue to support the more than one million existing Vet users with virus updates and technical services. "Our Vet product will benefit tremendously from Computer Associates' worldwide development, marketing, distribution and financial resources," said Chris Morison, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cybec. "At the same time, our agreement with CA ensures that our operations in Australia will continue, that our customers will be protected, and that Australian jobs will be preserved." The Vet Virus Control Centre, launched last year, will continue to provide up-to-date information, virus solutions and virus crisis support to all Vet subscribers. Cybec was founded by Roger Riordan, who wrote the first version of Vet in 1989 when the Stoned virus first appeared. Riordan will remain with CA as a consultant. Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange : CA), the world leader in mission-critical business computing computing - computer , provides software, support and integration services in more than 100 countries around the world. CA has 13,000 employees and had revenue of $4.7 billion in its 1998 fiscal year. For more information about CA, please call 516-342-5224 or email info@cai.com. CA's World Wide Web address is www.cai.com. All referenced product names are trademarks of their respective companies. |
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