Rapid Reaction #1 – Symantec Buys Clearwell
Slowly, but surely, for a source here and a source there, the seeds of a rumor were planted into my brain over the past few weeks. People kept asking whether it was true that Symantec was about to buy Clearwell Systems. I know better than to answer those questions; sure, I could ask my contacts at either company, but they wouldn’t be able to comment. And, having been an analyst over a decade now, I know better than to believe every acquisition rumor I hear. In the past year, I’ve had folks practically confirm that Autonomy is buying Open Text and that Oracle is buying Autonomy. I don’t believe the rumors until I see the announcement. And so it is – Symantec buys Clearwell Systems for $390 million.