ZDNet UK: Symantec to buy spam-blocker

It appears the Brightmail IPO may be put on permanent hold, as Symantec announced it will buy the rest of the company for $370 million. The profitable anti-spam technology company received revenues of $26 million last year. Symantec already owned 11 percent of its stock.

Brightmail processes between three and four billion emails a day, serving large clients like Hotmail and ATT Worldnet.