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Microsoft Buys Internet Security Firm
United Press International 02/09/2005
Microsoft is buying a small New York security software company that was preparing to go public this year.
Analysts estimate Microsoft will pay at least $186 million for Sybari, the value of its shares at their proposed $16 maximum offering price, the Seattle Times reports.
After the deal is finalized, Microsoft will sell business customers standalone security products based on Sybari technology and also based on GeCAD, a Romanian antivirus-software company it bought in 2003, said Mike Nash, vice president of Microsoft's security and business unit.
About 10,000 companies and government agencies, including the Pentagon and the FBI, use Sybari products to protect their e-mail systems from worms, spam and viruses.
Can you say "Bigger Brother"