1994-05-01, English, Article, Journal or magazine article edition: Symantec, CPS sign merge deal. (Central Point Software Corp) Del Nibletto, Paolo

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Bookmark: http://trove.nla.gov.au/version/110632152
Physical Description
  • Magazine/​Journal article
Published
  • Maclean Hunter Ltd., 1994 May
Language
  • English

Edition details

Title
  • Symantec, CPS sign merge deal. (Central Point Software Corp)
Also Titled
  • Symantec, CPS sign merge deal.
Appears In
  • Info Canada, v19, no.n5, 1994 May, p1(2) (ISSN: 1187-7081)
Author
  • Del Nibletto, Paolo
Published
  • Maclean Hunter Ltd., 1994 May
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • General
  • Trade
Summary
  • Symantec Corp and Central Point Software Corp (CPS) have announced a merger of the two companies. Symantec will expand its Canadian operation while CPS will close and consolidate with Symantec. The merger of the two competing companies is intended to create one company that will be strong player in the desktop utilities for enterprise networks market. The enterprise market is of particular interest to Symantec, which recently acquired Fifth Generation Corp, and expects a growth rate of 80% to 90% in the market. The merger will cost Symantec about $60 million and will involve the exchange of all outstanding shares of CPS stock for four million shares of Symantec. Symantec officials express commitment for the CPS product line and say that the merger will not result in a discontinuation of CPS utilities. Symantec plans to integrate some products and will market others differently.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15582649

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