By Will Sturgeon
Special to CNET News.com
Published: October 31, 2005, 11:30 AM PST
Symantec is intent on making more strategic acquisitions this year and will follow its Veritas Software buy with a large deal approximately every 18 months, a top company executive said.
The U.S. security giant has pursued an aggressive purchasing strategy, bossing the rapid consolidation in the market. Enrique Salem, former CEO of Symantec acquisition Brightmail, now senior vice president of security products at the company, said in an interview to expect no letup.
"We expect to keep making six to eight acquisitions per year, with perhaps a larger deal, such as Veritas, every 18 months," said Salem, who is enjoying his second spell with Cupertino, Calif.-based Symantec.
Salem said Symantec CEO John Thompson actively fosters a culture within the company whereby senior executives are always on the lookout for the next buyout target.
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