BindView Shareholders Approve Acquisition by Symantec
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[December 08, 2005]

BindView Shareholders Approve Acquisition by Symantec

HOUSTON --(Business Wire)-- Dec. 8, 2005 -- BindView Development Corporation (NASDAQ:BVEW) announced that its shareholders approved, at a special meeting of BindView shareholders held today, the company's acquisition by Symantec Corporation (NASDAQ:SYMC), under which BindView would be acquired by Symantec for a merger consideration of $4.00 per share in cash. The proposed acquisition was first announced on Oct. 3, 2005, and is described in more detail in BindView's definitive proxy statement filed with the Securities and Exchange Commission on Nov. 8, 2005.



More than 99 percent of all votes cast at the shareholders meeting, representing more than 68 percent of BindView's outstanding shares, voted in favor of the transaction, which required the approval of two-thirds of the outstanding shares.

About Symantec



Symantec is the global leader in information security providing a broad range of software, appliances and services designed to help individuals, small and mid-sized businesses, and large enterprises secure and manage their IT infrastructure. Symantec's Norton brand of products is the worldwide leader in consumer security and problem-solving solutions. Headquartered in Cupertino, Calif., Symantec has operations in more than 35 countries. More information is available at http://www.symantec.com.

About BindView

BindView Corporation is a global provider of IT security compliance software. BindView solutions remove barriers that limit an organization's ability to cost effectively demonstrate due care and maintain compliance with IT security policies and regulatory mandates. BindView policy compliance; vulnerability and configuration management; and directory and access management software combine best-practices knowledge with automated controls to reduce risk and protect IT assets at the lowest cost across users, systems, applications and databases in multi-platform environments. More than 20 million licenses have shipped to 5,000 companies worldwide, spanning all major business segments and the public sector. Contact BindView via e-mail at info@bindview.com, on the web at http://www.bindview.com, and at 1-713-561-4000 or 1-800-749-8439.

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