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Tuesday, February 8, 2005Microsoft has announced that it plans to purchase antivirus firm Sybari Software in order to expand its market within the computer security market. The takeover comes after Microsoft purchased Romanian security firm GeCad in 2003 and two months after an announcement that it is to acquire anti-spyware vendor Giant-Company Software.
Sybari is a private company based in East Newport, New York that develops antivirus software which can be used with Microsoft's Exchange software, as well as with the Lotus Notes system.
This takeover is seen by analysts to be hostile move on Microsoft's part, as it places the software giant in direct competition with market leaders Symantec and McAfee. Sterling Auty, an analyst with JP Morgan, told Reuters that he estimated that Microsoft could be competing for up to five percent of Symantec's business and up to eight percent of McAfee's revenue.
Microsoft's shares rose $0.10 at midday to $26.26, while both McAfee and Symantec shares fell.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
