2009, May 12
Security firm picks up messaging firm as it looks to the cloud.
Symantec is set to pick up fellow security firm MessageLabs for $695 million (£400 million), it announced today.
The purchase price is split between pounds sterling and American dollars, at £310 million and $154 million respectively. MessageLabs saw revenue of $145 million last year, but saw growth of 20 per cent.
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