Symantec Finalizes Clearwell Acquisition

Symantec Corp. (Nasdaq: SYMC) has completed its acquisition of privately held Clearwell Systems Inc., which is now a part of Symantec’s Information Management Group.

The acquisition of Clearwell brings together the industry’s archiving, backup and eDiscovery offerings to provide customers with comprehensive information management solutions, Symantec said in a release.

Shawn Waggoner, director of archiving and eDiscovery at Terremark, called the acquisition of Clearwell “a perfect marriage between best-of-breed technologies.”

“Our company has achieved significant benefits by using Enterprise Vault and the Clearwell eDiscovery Platform,” he said. “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 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,” he added.

 

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