Symantec Completes ON Technology Acquisition
WEST CONSHOHOCKEN, Pa. - Feb. 17, 2004 - Please join us in
congratulating our client ON Technology (NASDAQ: ONTC) on its recent sale to
Symantec Corporation (NASDAQ: SYMC) for over $101.2 million. ON Technology
provides application lifecycle management software, enabling the automated
deployment, upgrade and management of software applications. This
acquisition will allow Symantec to provide a unified solution that will help
customers create a secure enterprise infrastructure. ON Technology’s
software distribution and configuration management capabilities will be a
critical component to the end-to-end system Symantec is establishing to help
customers build, manage and protect their IT infrastructures.
The Symantec press release can be located by following this link:
Symantec Press
Release
Fairmount Partners acted as a strategic advisor to the Board of Directors
and management of ON Technology. We developed multiple strategies designed
to create shareholder value, culminating in our representation of the
company in its sale to Symantec Corporation.
About Fairmount Partners
This is the 11th assignment our team has completed since the launch of
Fairmount Partners in June. Fairmount Partners is a relatively new name for
a team that has worked together for over seven years serving the following
industries:
• Enterprise Software
• IT Consulting/Staffing
• Healthcare
• Wireless/Telecommunications
• Consumer Goods
We are a specialist investment bank that assists our clients with strategy,
mergers, acquisitions, private financings and fairness opinions. Our
principals have completed over 70 transactions in the last three years and
we are currently working on over 20 assignments. Please contact us to
discuss the investment banking needs of your company and/or your clients at
610-260-6200.
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