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Symantec Acquires On Technology for Patch Managment.

Security management specialist Symantec Corp has announced that it is boosting its systems management capabilities with the $100m acquisition of On Technology Corp.

The acquisition will add multi-function device management capabilities to Cupertino, California-based Symantec's portfolio, including deployment, patch management, and configuration management capabilities.

Symantec will pay $4 per share for On, which values the company at $95.4m. The $4 per share price represents a $0.50 premium over On's closing price of October 24, although in early trading on Monday the company's share price increased rapidly towards the offer price.

Symantec's president and COO, John Schwarz, said that Waltham, Massachusetts-based On's software distribution and configuration management technologies will be "a critical component of the end-to-end management system" it is creating.

As well as application and operating system deployment and configuration capabilities, On's iCommand product also offers functionality for inventory and patch management, which is providing an increasingly critical role in ensuring that enterprise systems remain secure.

The importance of patch management has been highlighted this year as users have been hit by high-profile worms and viruses, such as the Slammer worm, that could have been avoided if administrators had kept up to date with Microsoft Corp's published patches.

Symantec said that On's patch management capabilities will complement its security portfolio, while the deployment and configuration capabilities will complement the Symantec Ghost deployment tool. On's products enable Ghost users to deploy Ghost images and configuration changes, as well as patches, from a single console, it said. The acquisition is expected to close in March 2004.
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Publication:Computergram International
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 28, 2003
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