Symantec, the computer software security giant, has announced that it will be acquiring enterprise-class eDiscovery management platform maker, Clearwell Systems for $390 million. Symantec is probably best known for its widely proliferated (perhaps even ubiquitous) Norton security products, but of late it has been making a play at eDiscovery platforms, a strategic move, considering Gartner values the market at around $1.7 billion, and is expected to grow at an annual rate of 14 percent. What's more, Symantec spent $2 billion last year in acquisitions, $1.25+ billion of that coming in its acquisition of VeriSign, Inc.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/nqsTVQoUyNo/
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