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Symantec Completes Acquisition of VeriSign Japan KK

Thu, 1 Nov 2012 09:52:04 EST

MOUNTAIN VIEW, Calif. – – Symantec Corp. (Nasdaq: SYMC) today announced it has completed the tender offer to purchase the remaining outstanding shares of common stock and stock rights of publicly traded VeriSign Japan KK (TSE:3722). As of Nov. 1, 2012, VeriSign Japan KK is a wholly-owned subsidiary of Symantec.

'Symantec, with VeriSign Japan, is positioned to help Japanese organizations incorporate identity and authentication security into a comprehensive framework – all from one vendor. This will help enable IT to confidently and securely adopt new computing models that promise tremendous operational efficiencies and freedom of choice for their employees and customers,' said Fran Rosch, vice president, Identity and Authentication Services, Symantec. 'By combining Symantec and VeriSign Japan, we are extending our strategy to create the most trusted brand for protecting people and information.'

Together, Symantec and VeriSign Japan KK plan to drive growth across Japan for both the SSL and User Authentication solutions. VeriSign Japan KK is complementary to Symantec's global business. The combination of the two companies is expected to have a positive impact on employees, customers and partners through increased investment and the ability to leverage business practices proven successful for Symantec in other parts of the world.

For more information, please visit: http://go.symantec.com/verisign-japan.

About Symantec

Symantec protects the world's information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment – from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.


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Notes: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

Forward-looking Statements: This press release contains statements regarding our financial and business results, which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements with respect to the anticipated closing of the tender offer referenced herein and the intended goals of the tender offer. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include those related to: general economic conditions; maintaining customer and partner relationships; the anticipated growth of certain market segments, particularly with regard to security and storage; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and market acceptance of new product releases and upgrades; the successful development of new products and integration of acquired businesses, and the degree to which these products and businesses gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. We assume no obligation, and do not intend, to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors sections of our Form 10-K for the year ended March 30, 2012.


Source: WebWire



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