Symantec to Buy E-mail Security Vendor MessageLabs

Symantec will pay US$695 million for MessageLabs, a security vendor that offers a hosted spam and Web traffic filtering service.

MessageLabs offers its services as a monthly subscription. The filtering is performed within the company's 14 data centers located around the world, a type of computing known as "software as a service" or cloud computing. It also can route a company's Web traffic through its filters to block potentially harmful Web sites as well as scan instant messages.

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