Symantec to sell off Precise

By Justin Mann on January 21, 2008, 8:35 PM
When Symantec merged with Veritas three years ago, they were stuck with the added burden of all the business mistakes Veritas made. One of them was the acquisition of another company, Precise, which was acquired for a hefty $609 million. Now, not wanting to be brought down by this earlier decision, Symantec is selling off Precise, presumably for a lot less than was initially paid for it.

Precise is an Application Performance Management software developer, and was initially part of a greater plan of Vertias to move beyond data backup and other such services. Partly due to the acquisition by Symantec, that expansion was never realized. It's unlikely this change will affect any of Symantecs desktop products, though some of their larger enterprise customers might be left with a bad taste in their mouth. There is no mention of how much they are selling the company for.




Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.