Symantec to acquire Wholesecurity

Symantec Corp has signed an agreement to acquire WholeSecurity, Inc, a leading provider of behaviour-based security and anti-phishing technology.

Nasdaq-listed Symantec Corp today said it has signed an agreement to acquire WholeSecurity, Inc, a leading provider of behaviour-based security and anti-phishing technology. The transaction is expected to close in October.

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"WholeSecurity provides industry leading protection from phishing attacks, one of the fastest growing threats to online transactions, such as banking, e-commerce, and auctions," senior Vice-president Symantec Security Products and Solutions Enrique Salem said.

"The company also provides critical behavior-based security technology that we expect to be a core component of Symantec's baseline consumer security and enterprise desktop solutions," Salem said.

"We have been the first line of defense for our customers, protecting them against new forms of malicious threats before signatures can be created," according to President and chief executive officer, WholeSecurity J Peter Selda.