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SOA & WOA: Article

Symantec Wants to Dump Altiris: WSJ

It acquired the IT management software shop for around $830 million in 2007

Symantec has reportedly put Altiris on the block and, according to the Wall Street Journal, is getting feelers from private equity.

It acquired the IT management software shop for around $830 million in 2007 and doesn't expect to make the investment back.

Altiris manages end point connections such as laptops and mobile devices.

Symantec CEO Enrique Salem was removed last year because the company was under-performing. He was replaced by GE veteran Steve Bennett, who's been trying to turn the joint around by uncluttering its holdings.

Symantec, an antivirus company, at its core has been confused since CEO John W Thompson, Salem's predecessor, spent $13.5 billion to buy data storage house Veritas, a move that trashed its stock. Lately the stock has been coming back.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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