Symantec announced that it will acquire Vontu for $350 million in cash and assumed options. Symantec intends to add Vontu technology to its existing security and storage products.
Vontu's data loss prevention solutions work within a company's network and on endpoints to discover confidential information and protect that information against loss. The technology can discover data such as social security numbers, credit card numbers, and proprietary source code, any of which might be located in a variety of respositories, including databases, Web servers, Microsoft Exchange and SharePoint servers, Lotus Notes, Documentum, and LiveLink, and on laptops and desktop systems.
"The next wave of security is based on one simple idea. It's about the information," said Joseph Ansanelli, CEO at Vontu. "By joining forces with Symantec and building upon their strength in enterprise security and storage solutions, we will be uniquely positioned to help customers answer the important questions as to where their confidential information is stored, how it is being used, and how best to prevent its loss."