Symantec Corp. (NASDAQ: SYMC) today announced it has signed a definitive agreement to acquire privately-held Clearwell Systems, Inc., a recognized leader in the eDiscovery market. The acquisition of Clearwell will bring together the industry’s leading eDiscovery, archiving and backup offerings to provide customers one of the most comprehensive information management solutions available. Under the terms of the agreement, Symantec will acquire Clearwell for a purchase price of approximately $390 million, net of Clearwell’s existing cash balance of approximately $20 million. The agreement is subject to customary closing conditions, including regulatory approval, and is expected to close in the September quarter.
ZYLAB: 88% of FTSE 100 Companies at Risk of Litigation, warns ZyLAB | TradingMarkets.com
September 2, 2010 By Leave a Comment
88% of the FTSE 100 are at risk of litigation due to their susceptibility to a number of risk factors, including a history of litigation, operating in litigation-heavy areas, and being directly consumer-facing, according to research by ZyLAB (www.zylab.co.uk), a leading provider of e-discovery and information management solutions, with almost a quarter (24%) found to be aEUR~high riskaEUR(TM) across industries including energy, travel and pharmaceutical.
The research assessed each FTSE 100 companyaEUR(TM)s vulnerability to ten key risk factors[1], a mix of industry and company-specific considerations previously known to heighten the chance of litigation, and then each company was given a score out of ten. Key drivers for assessing this risk and preparing effectively include the ability to prevent legal and accounting fees which have cost companies like Siemens AGBP850m[2] in a bid to determine whether it had violated anti-corruption regulations.
via ZYLAB: 88% of FTSE 100 Companies at Risk of Litigation, warns ZyLAB | TradingMarkets.com.
