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Microsoft joins M&A Wave: Anti-Virus, Pro-Sybari

February 8, 2005

Microsoft purchased privately-held Sybari Software today, joining what’s proving to be an extended period of M&A activity. Founded in 1995, Sybari is a leader in the development of antivirus, content-filtering and e-mail security software.
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MSFT competitors Symantec and McAfee were feeling some pain as a result of the announcement. According to the AP: “McAfee shares were down 8.55 percent, or $2.24 to $23.72 in afternoon trade on the New York Stock Exchange. Symantec, which recently bought storage software company Veritas to diversify and reduce its dependence on security, was down 5.64 percent or $1.33 to $22.27 on the Nasdaq.” The move comes on the heals of MSFT’s acquisition of anti-spyware company Giant Software. A couple more deals and Microsoft has everything that Symantec and McAfee have.
Sybari had filed to go public last year, valuing itself somewhere between $163M and $182M . We suspect MSFT pushed the high-end of the valuation, making Sybari a sweetened deal it couldn’t refuse.
Read: Microsoft Buying Anti-Virus Software Maker – [Reuters via Yahoo]
Read: Microsoft to Acquire Enterprise Anti-Virus Security Provider Sybari Software – [Corporate Release]
Read: Sybari Company Overview – [Sybari.com]

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