Symantec Completes Acquisition of VeriSign Japan KK
MOUNTAIN VIEW, CA -- (Marketwire) -- 11/01/12 -- 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.
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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:
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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.
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