Symantec hedges bets with large stake in hosted security

MessageLabs deal pilots security giant into cloud computing
Analysis Symantec, traditionally one of the more conservative firms in the security market, is attempting to pull off a high-wire balancing act with its surprise $695m acquisition of security software-as-a-service pioneer MessageLabs. The firm is betting that increased revenues in the hottest segment of the security market will justify a high (especially for the current economic climate) acquisition price.…

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