Symantec to buy PowerQuest

By : |September 23, 2003 0



SEATTLE: Symantec Corp. said that it would buy PowerQuest Corp. to develop a new business that will offer data recovery and management services to companies.


Financial terms of the deal were not disclosed.


Orem, Utah-based PowerQuest, known for its PartitionMagic software for consumers, specializes in providing real-time data backup for corporate server and data systems.


Symantec, which sells software and services to protect companies from viruses and network intrusions, in a statement said it needed technology for managing and backing up corporate data to offer a full suite of services to corporate customers.


Cupertino, California-based Symantec, known for its Norton series of antivirus and data management software, said the acquisition of closely held PowerQuest is expected to close by the end of 2003.


© Reuters

No Comments so fars

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.