Symantec Completes Acquisition of Clearwell Systems

News Release

Symantec Completes Acquisition of Clearwell Systems

Acquisition provides industry-leading information governance, archiving, and eDiscovery from a single vendor

Symantec Corp. (Nasdaq: SYMC) today announced that privately-held Clearwell Systems Inc., is now part of Symantec. Symantec completed its acquisition of Clearwell, a recognised leader in the electronic discovery market, on 24June 2011. The acquisition agreement between Symantec and Clearwell was announced on May19, 2011.

The acquisition of Clearwell brings together the industry’s leading archiving, backup and eDiscovery offerings to provide customers one of the most comprehensive information management solutions available. Organisations will be able to reduce costs and risks while streamlining their eDiscovery workflow for litigation, investigations and regulatory compliance. In addition, this acquisition is expected to provide future product integration opportunities with Symantec backup and security, by leveraging Symantec NetBackup, Data Loss Prevention and Data Insight.

“Symantec’s acquisition of Clearwell is a perfect marriage between best of breed technologies,” said Shawn Waggoner, Director, Archiving and eDiscovery at Terremark. “Our company has achieved significant benefits by using Enterprise Vault and the Clearwell eDiscovery Platform. As Symantec continues to deepen the integration of the two products into a more complete solution, we look forward to providing this end-to-end archiving and eDiscovery solution to our customers to meet their legal and discovery needs.”

“The acquisition of Clearwell enables Symantec to bolster its end-to-end eDiscovery capabilities by addressing the search, discovery and analysis of electronically stored information in distributed endpoints (such as laptops and desktops) and cloud-based applications,” said Vivian Tero, Program Director, Governance, Risk and Compliance Infrastructure, IDC. “We anticipate the integration of Clearwell into the broader Symantec organisation will be relatively smooth.”

“Symantec and Clearwell have been complementary vendors for archiving and eDiscovery technology for our customers and partners. Their solutions provide a world class solution to our customers’ needs for storing, managing and discovering information,” said Craig P. Abod, President, Carahsoft. “Bringing these two companies together provides our customers with the industry’s most comprehensive solution to better meet legal and regulatory requirements, while also reducing overall complexity, costs and streamlining information governance, archiving and eDiscovery.”

“With this acquisition we will help customers reduce costs across all phases of information management for litigation, investigations and regulatory compliance,” said Deepak Mohan, Senior Vice President, Information Management Group, Symantec. “By adding Clearwell’s market leading eDiscovery solution to Symantec’s information management portfolio, we further increase Symantec’s ability to get the right information, to the right people, at the right time.”

Clearwell joins the Information Management Group led by Senior Vice President Deepak Mohan. For more information on how Clearwell complements Symantec's information management portfolio please visit: http://www.symantec.com/clearwell

Click to Tweet: #SYMC announces @Clearwell is now part of @Symantec, combines leading #archiving & #eDiscovery solutions: http://bit.ly/kc8f7B

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