Symantec Acquisition Roll Continues

The deal has been approved by Symantec's board of directors and is expected to close by March 2004, said a company spokeswoman.

The acquisition of ON Technology, a Waltham, Mass.-based vendor of network management systems software, marks Cupertino, Calif.-based Symantec's third purchase in the past two months.

ON Technology, which works with other infrastructure management companies such as Opsware, provides centralized and unattended management solutions including auto-discovery, OS and application deployment, and software patches and upgrades.

Last week Symantec acquired SSL VPN provider Safeweb, Emeryville, Calif., for $26 million in cash, and in September the vendor acquired Orem, Utah-based PowerQuest, which makes products that help large companies add, reconfigure and manage storage devices.