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Symantec completes BindView buy

Company closes $209 million buyout of the security policy compliance specialist.

Symantec has completed its $209 million buyout of security policy compliance specialist BindView Development, the company said Monday. The companies first announced the all-cash deal in October.

BindView, based in Houston, develops software that's designed to automate security policy compliance in organizations with a large number of computer systems that are not centrally located. Companies are under pressure to use such technologies to help comply with financial reporting regulations such as the Sarbanes-Oxley Act.