Software: Symantec To Buy PowerQuest For $150 Million - The New York Times
Bloomberg News
Symantec Corp agrees to buy PowerQuest Corp for about $150 million to expand its line of disaster-recovery software; graph (S)
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The SymantecCorporation, maker of the Norton antivirus program, agreed yesterday to buy the PowerQuest Corporation for about $150 million to expand its line of disaster-recovery software. PowerQuest products permit computer users to restore files and complete systems after a hardware malfunction or a virus infection. Symantec bought Nexland, a security company, in July, a spokesman, Cris Paden, said.. The acquisition of PowerQuest, based in Orem, Utah, will close by year-end, he said. Shares of Symantec, based in Cupertino, Calif., rose $3.01, to $65.79.