Symantec Corp. announced that it has completed the acquisition of MessageLabs on 14 November 2008. MessageLabs is the leading provider of online messaging services, securing more than three billion email connections each day.
The acquisition agreement between Symantec and MessageLabs was announced on Oct. 8, 2008.
With the acquisition of MessageLabs, Symantec jumps ahead to take up a leadership position in the Software-as-a-Service (SaaS) market and expands Symantec’s existing portfolio of SaaS offerings with messaging and web security services from MessageLabs.
According to a Symantec media statement, the combined expertise from MessageLabs and Symantec will expand SaaS delivery and customer support models across the Symantec technology portfolio and accelerate the development of new hybrid online and on-premise offerings for IT professionals.
Messaging security solutions protect organizations from the costly effects of spam and viruses entering the network and prevent unauthorized content from being transferred into the wrong hands.
With the close of the acquisition, Symantec says that it has expanded its messaging security market leadership to two times its nearest competitor. Symantec now "offers customers greater choice by providing the broadest range of offerings in the messaging security market including software, appliance and hosted services. Customers will also have greater access to SaaS offerings through the up-sell and cross sell of services into the MessageLabs customer base and through Symantec channels."