Covington Advises Riptech, Inc. in Its Acquisition by Symantec, Inc.

Covington Advises Riptech, Inc. in Its Acquisition by Symantec, Inc.

August 21, 2002

August 21, 2002 - WASHINGTON, D.C - Covington & Burling represented Riptech, Inc., a leading provider of scalable, real-time managed security services, in its sale to Symantec, Inc. which was consummated on August 19, 2002. Symantec paid an aggregate of $145 million in cash for privately-held Riptech. The combination of Symantec and Riptech will create a global network of Security Operations Centers operating in Virginia, Texas, the United Kingdom, Germany and Japan.

Covington’s legal team was led by Paul V. Rogers and Andrew P. Schoeffler in the Washington, D.C. office. The Covington team included partners Stephen A. Infante (corporate), Michael R. Levy (tax) and George Chester (antitrust); of counsel Edward S. West (corporate); associates Alison S. Wang (tax), Melissa A. Chang (corporate), Anthony S. Yoo (intellectual property), Jeremy D. Spector (tax) and Tuan N. Samahon (antitrust); and summer associate Timothy D. Greszler.

For more information, please contact Paul V. Rogers, PRogers@cov.com, 202.662.5592 or Noël Decker, ndecker@cov.com, 202.662.6361.