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SYMANTEC COMPLETES CONTACT SOFTWARE ACQUISITION

 CUPERTINO, Calif., June 7 /PRNewswire/ -- Symantec Corp. (NASDAQ: SYMC) today announced that it has completed the acquisition of Contact Software International Inc., the developer and marketer of ACT!, the leading contact management software package. Symantec announced its plans to purchase Contact Software on May 4, 1993.
 Shareholders of Contact Software received approximately 2.7-million shares of Symantec common stock and options. The total value of the transaction, which has been accounted for as a pooling of interests, is approximately $47 million. The one-time acquisition charge of $7.4 million will be reflected in the June quarter. Also under the terms of the agreement, Patrick M. Sullivan, co-founder and formerly chief executive officer of Contact Software, will be vice president and general manager of Symantec's contact management group.
 "The acquisition of Contact Software expands our market reach into the fast-growing sales productivity and mobile professional markets," said Gordon E. Eubanks Jr., Symantec's president and chief executive officer. "We see a tremendous opportunity to provide sales and service professionals with tools that will increase their productivity and efficiency. ACT! gives them a competitive advantage." ACT! runs on DOS, MS Windows, Macintosh and the palmtop HP95LX computers, fitting into Symantec's strategy to provide cross-platform software solutions.
 Contact Software is the number-one provider of contact management software, and was recently ranked sixth among the fastest-growing software companies in the Soft letter 100 for 1992. In 1993, it placed 50th overall on Soft letter's annual ranking of the top 100 U.S. personal software companies.
 Symantec Corp. develops, markets and supports a complete line of application and system software products for IBM personal computers, IBM compatible PCs and Apple Macintosh computers. Founded in 1982, the company has offices in the United States, Canada, Australia and Europe. Information on the company and products can be obtained by calling: 800-441-7234, toll free, or 408-252-3570.
 NOTE: Brand and product references herein are trademarks or registered trademarks of their respective holders.
 -0- 6/7/93
 /CONTACT: Brian K. Fawkes, 408-446-8886, or Pam Barnett, 408-446-8884, both of Symantec; or Julie McHenry of Wilson McHenry, 415-592-7600, for Symantec/
 (SYMC)


CO: Symantec Corp.; Contact Software International Inc. ST: California IN: CPR SU: TNM

SG -- SJ003 -- 5796 06/07/93 08:02 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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