Symantec Swallows AXENT; Takes on Network Associates
L. Taylor - August 17, 2000

Event Summary

In a stock-for-stock transaction worth $975million, Symantec, headquartered in Cupertino, California, will purchase Rockville, Maryland's AXENT (see "With Record Revenues, AXENT Puts Down a Solid Fist") creating a strong presence in enterprise Internet security products and consulting services. According to Gail Hamilton, Sr. Vice President of Symantec, 'This is one of the most significant events in the history of the security industry.'..