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October 9, 2008 · 7:12AM

Symantec Paying $695 Million For MessageLabs

Symantec agreed to buy MessageLabs for $695 million in cash. The security vendor plans to fold MessageLabs’ email and instant-messaging service, which allows employees to access email and other applications from remote locations, into its own backup and storage software-as-a-service offering. (InformationWeek)

Categories: Business & Finance Today · Information Technology

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