jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- The Jefferies investment bank today announced that its technology investment banking group, Jefferies Broadview, in the US and Europe, has served as exclusive M&A advisor for the sale of Sweden-based Protect Data AB (publ) ("Protect Data") (PROT.ST) to Check Point(R) Software Technologies Ltd. ("Check Point") for SEK 180 per share with a total transaction value of approximately SEK 4,152 million or approximately US $586 million. The cross-border Jefferies team included professionals from Jefferies offices in the US and Europe. Jefferies Broadview has completed or announced more than 60 M&A and capital markets transactions in the technology sector during 2006.
Protect Data is the 100% owner of Pointsec Mobile Technologies, Inc ("Pointsec"), a provider of data security on laptop and desktop PCs, PDAs and smartphones. Pointsec delivers automatic data encryption solutions that provide proven protection at the endpoint. By securing sensitive information, Pointsec helps enterprises minimize risk, shield confidential data, guard information assets, and strengthen public and shareholder confidence. Pointsec's solutions protect blue chip companies and government organizations around the world, and are installed on millions of endpoints.
Check Point(R) Software Technologies Ltd. is an Internet security pioneer and leader delivering comprehensive security solutions to businesses and consumers worldwide. The acquisition of Protect Data supports Check Point's vision to secure all enterprise data and accelerate growth.
"The Jefferies team was able to deliver a complete, cross-border financial and strategic solution for Protect Data that fully leveraged our tech industry expertise for one of the fastest growing companies in security," said Robert Abbe, Managing Director at Jefferies Broadview. "This transaction underscores the importance of information security in a mobile world."
About Jefferies
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for nearly 45 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; http://www.jefferies.com/). Jefferies International Limited is the UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc. and is authorised and regulated by the Financial Services Authority ("FSA").
CONTACT:
Jefferies: Tom Tarrant Cubitt Jacobs & Prosek: Todd Miller
(203) 708-5989 (203) 378-1152/ Ext.149
ttarrant@jefferies.comtodd@cjpcom.com
Jefferies
CONTACT: Tom Tarrant of Jefferies, +1-203-708-5989, ttarrant@jefferies.com, or Todd Miller of Cubitt Jacobs & Prosek, +1-203-378-1152 ext. 149, todd@cjpcom.com