Symantec Corp. doesn't expect to make too many changes at first after acquiring Orem-based PowerQuest Corp., but spokesmen at both companies said Wednesday it's too early to assess what may happen over time.
Symantec, based in Cupertino, Calif., and with operations in 36 countries, will pay about $150 million for PowerQuest, the company announced Tuesday. The deal is expected to close by year-end and needs approval of the shareholders of privately held PowerQuest.
Symantec plans to use PowerQuest's technology — used to back up and recover data — with its own under the Active State Management name.
"We will hang on to that site," Symantec spokesman Cris Paden said of PowerQuest's Orem operations. "We won't leave the building or leave the site. We will continue to use it as we build this new business unit."
PowerQuest spokesman Mark Carpenter said the company has just over 200 employees in Utah and 75 elsewhere. The company was founded in 1993.
Paul Winn, PowerQuest president and chief executive officer, will stay on board as an adviser. Other changes have yet to be determined.
"We typically have hung onto folks in development and sales, and after that it's a matter of the integration team to determine redundancies," Paden said. "I'm unable to give a figure regarding how many people will be retained. This is expected to close by the end of the year, so it may be awhile before we know those figures."
Carpenter agreed. "There are transition teams on both sides to identify what the structure's going to look like," he said. "Until they've had a chance to really go through things, it would be premature to make any estimations."
Symantec specializes in Internet security technology, and Paden said the acquisition will help its Ghost product, which also is used for data recovery.
"We've got to think about it, and technology we have and that they have would work well together if we're able to get it in a single solution," he said. "We still have to map out what the solution will be and how it looks, and that will take awhile, but this is a good fit for us to strengthen our Ghost solution so customers can better ward off cyber-attacks that are happening out there today. They are occurring more often and are so complex, they need this extra step of vigilance to get as disaster-proof as they can."
PowerQuest also has products to help companies configure new workstations and deploy software applications. Its partitioning technology "takes a snapshot or segment information on a computer to maintain its integrity when putting a new operating system in or a new server or desktop," Paden said. "In case something bad happens, you will have a backup."
"This is really a good fit, both ways," Carpenter said. "These two companies have performed well with great technologies that are coming together."