MessageLabs Sells To Symantec

MessageLabs, a UK-based security services provider with backing from Madison Dearborn and Catalyst Investors, has sold to Symantec Corp for $695 million. The company raised at least $58.9 million in funding, including $36 million from Catalyst and Madison Dearborn in 2000.

Press Release:

Symantec Corp. (NASDAQ: SYMC) today announced it has signed a definitive agreement to acquire MessageLabs, a leading provider of online messaging and Web security services.

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