Symantec made its fifth acquisition of the year on Tuesday, continuing a spate of consolidation in the IT security sector with a $695m deal to buy MessageLabs of the UK.
MessageLabs, which has offices in Gloucester, uses a software-as-a-service model to deliver security for online chat, email and web applications. The company’s software allows customers to block malware, prevent access to certain web sites, and stop the unauthorised transfer of sensitive information. It claims to be the number one such company in the world, with more than 19,000 customers. Read more
Downbeat news about the technology sector is getting to be a regular feature around here. Today’s instalment comes courtesy of Citigroup, which published a note this morning slashing its forecasts for PC shipment growth in 2009.
Citi’s IT hardware analysts expect PC shipments to grow just 5 per cent next year, down from a previous estimate of 10-12 per cent. They also trimmed their guidance for this year, to 13 per cent from 15 per cent. Read more
On Thursday it will be two years since Google shelled out $1.65bn for YouTube, and sometimes it feels like all it’s had in return are escalating legal bills and bandwidth costs that would have bankrupted any other company.
So it was sobering today to talk to Shishir Mehrotra, the former Microsoft executive whose job it is to find ways to make money out of YouTube, and hear him say that the video site is “early in the experimentation process.” Read more