Symantec said the deal will help it strengthen its position in the software-as-a-service market. Symantec will focus on cross-selling and up-selling its existing SaaS offerings of backup, storage, and online remote access into the MessageLabs customer base.
MessageLabs generated approximately $145 million in revenue during fiscal year 2008, ended July 31, the companies said. The deal is expected to close by the end of the 2008 calendar year.