Source Pravda.Ru

Microsoft to buy Sybari Software Inc

Three years ago, Sybari Software Inc. founder and chief executive Bob Wallace said he was so busy running his closely held computer security business that he wasn't interested in going public or courting investors.

Less than a year after the East Northport company filed for an initial public offering, it announced yesterday it was being bought by giant &to=http:// english.pravda.ru/comp/2002/07/26/33269.html' target=_blank>Microsoft Corp. for an undisclosed sum. "Things change," Wallace said yesterday.

The company, which had planned to raise $57 million in its now-scuttled public offering, reported revenue that more than doubled from 2001 to 2003, to $38.2 million, while its net loss narrowed to $445,000 in 2003, from $3.3 million in 2001, reports Newsday.

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