Symantec Completes ON Technology Acquisition
- Fairmount Partners
- Feb 17, 2004
- 1 min read
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.
Contact
Charles Robins
Managing Director, Fairmount Partners