- The main article about the company: Symantec
2021: $8 billion Avast acquisition
On August 10, 2021, it became known that NortonLifeLock announced the acquisition of the company, Avast supplier and antiviruses Avast. AVG The transaction amount amounted to 8 billion. dollars More. here
2020: Symantec's former consumer division buys out Avira
The company NortonLifeLock (until November 2019 - Symantec) on December 7, 2020 announced the acquisition of the famous freemium developer for antiviruses Avira 360 million. dollars More. here
2019
Broadcom acquired Symantec's corporate business
In 2019, Broadcom acquired Symantec's corporate business for $10.7 billion. The perimeter of the deal included the rights to the Symantec brand, which Broadcom will use to sell business cyber defense software. After this deal, Symantec renamed itself NortonLifeLock and focused on consumer technology.
Symantec CSS employs approximately 300 people. They are distributed among centers located in the USA, Great Britain, India, Australia, Singapore and Japan.
Broadcom in talks to buy Symantec for $15 billion
On July 3, 2019, it became known that chipmaker Broadcom is at an advanced stage of negotiations to purchase the Symantec security software developer. With the deal, Broadcom hopes to diversify the business by expanding it beyond the semiconductor sphere. The value of the transaction is estimated at more than $15 billion.
As the news spread, Symantec shares rose 22%, adding about $3 billion in capitalization to the company, and Broadcom fell 4%, sending it down $5 billion.
This is not Broadcom's first attempt to enter the software development market - in November 2018, the company bought the American software developer CA Technologies for $18.9 billion.
This will be the second large-scale deal on the market, during which a large chipmaker acquires an antivirus developer - after Intel bought McAfee for $7.7 billion in 2011. Intel planned to integrate McAfee protection into its processors, but the intention was never realized. As a result, in 2016, the company sold a 51% stake in McAfee to investment firm TPG for $4.2 billion.
However, Broadcom CEO and President Hock Tan uses a different tactic when buying other companies. According to him, he acquires mature technology leaders with stable market positions, investing in them so that they can hold this leadership. At the same time, companies are always managed as independent divisions of Broadcom, products are not integrated with each other.[1]
Buying Luminate Security Cloud Software Developer
On February 12, 2019, Symantec announced the acquisition of cloud security software developer Luminate Security, but did not disclose the cost of the transaction. According to the Israeli publication Globes, we are talking about the amount of about $200 million. Read more here.
2018: Purchase of information security companies Appthority and Javelin Networks
In November 2018, Symantec announced the acquisition of two companies specializing in information security solutions. We are talking about Appthority and Javelin Networks, having absorbed which Symantec plans to improve its products for cyber protection of corporate systems and mobile devices. Read more here.
2017
Buying SurfEasy
In early November 2017, an antivirus company Symantec announced the purchase of VPN a service SurfEasy from a browser developer Opera Software as part of a strategy aimed at developing technologies for providing information security consumer equipment. The transaction value is $38.5 million. More. here
Web Certificate Business Sale for $1 Billion
On August 2, 2017, Symantec announced the sale of the SSL (Secure Sockets Layer) certificate business for websites. The transaction value is almost $1 billion.
Symantec, which specializes in Internet security solutions and related public key certification infrastructure, is buying DigiCert, which develops software to protect corporate information assets.
DigiCert offers certificates that protect information posted on the company's website. Solutions prevent unauthorized access to information resources and the use of sensitive data.
For its web certificate business, Symantec will receive $950 million and a 30 percent stake in DigiCert.
SSL certificates serve as indicators of the security of online stores, online banking systems, software electronic distribution sites and any other resources that transact user personal data. In recent years, the company has experienced problems with this business.
In 2015, Symantec-owned certification authority Thawte issued fake SSL certificates with advanced verification for google.com and www.google.com. domains The reason for this was the negligence of several employees who were fired as a result of the investigation.
At the end of July 2017, ZDNet reported that Symantec would lose its role as a certification center for issuing security certificates due to numerous violations. According to the source, in order to maintain this business, the company will have to rebuild its entire certification infrastructure from scratch. The vendor followed an easier path, selling assets.
In an interview with CRN, Symantec CEO Greg Clark noted that selling the website certification business will allow the company to focus on an integrated platform to protect against cyber threats.[2]
Purchase of Fierglass
On July 6, 2017, he announced the purchase of Fireglass, a developer of secure Internet access technologies for companies, to expand the number of products that protect email and Internet surfing from cyber threats. Read more here.
Skycure takeover
In July 2017, Symantec announced the acquisition of Israeli startup Skycure. The value of the transaction was not disclosed, however, according to analysts, it can reach $200 million. Read more here.
2016
Purchase of LifeLock for $2.3 billion
On November 20, 2016, Symantec announced the purchase of information security company LifeLock for $2.3 billion. Thanks to this acquisition, the buyer is going to create "the world's largest digital security platform for consumers and families." Read more here.
Purchase of Blue Coat Systems for $4.65 billion
On June 13, 2016, Symantec announced the acquisition of Blue Coat for $4.65 billion. Through this takeover, the buyer expects to strengthen the corporate business.
Symantec buys Blue Coat from private equity fund Bain Capital. The purchase will be paid by Symantec's borrowed and proprietary funds. In early 2016, Symantec sold its ON data management business Veritas for $7.4 billion, gaining the necessary cash to buy other companies. More. here
2015
Business sale DSS for $8 billion
On August 11, 2015, Symantec announced the sale of its data management software business. The proceeds from the transaction can go to the company's own acquisitions.
According to Symantec, the company is selling Veritas' storage, backup and recovery software division to a group of investors led by private equity firm Carlyle Group LP for $8 billion. The amount of net cash receipts from the transaction, which is planned to be closed by January 1, 2016, will amount to $6.3 billion, the antivirus vendor noted.
After the announcement of the sale of a large software division, Symantec shares in the premarket rose in price by about 7%. Since the beginning of 2015, the manufacturer's quotes have fallen by 10.7%.
Back in October 2014, Symantec announced plans to separate the Veritas-related business to focus on selling enterprise and consumer information security software. According to media reports, the search for a buyer of the asset lasted several months, but there were no real applicants due to the strong tax burden that would follow the transaction.
Along with the announcement of the sale of Veritas to private investors, it became known that this company will be headed by the founder of the software firm Cassatt and member of the board of directors of Symantec Bill Coleman, and Bill Krause, ex-president of 3Com and one of Carlyle's top managers in charge of technological and service areas.
Symantec did not say where the funds received from the sale of Veritas will go. FBR Capital Markets analyst Daniel Ives believes that Symantec needed money to finance its own purchases and improve information security services.
Most likely, part of the money from the transaction will be returned to investors, as Symantec expanded the share buyback program by $1.5 billion to $2.6 billion, as announced on August 11, 2015.[3]
Buying Boeing personnel
On January 12, 2015, Symantec announced the acquisition of human resources and intellectual resources from a division Boeing specializing in. cyber security With the help of the assets received American , the antivirus developer plans to improve corporate defenses against hackers.
According to the terms of the agreement, about 65 engineers and data processing and analysis specialists will move from Boeing-owned Narus to Symantec. In addition, Symantec will receive licenses for a number of technologies belonging to the subsidiary of the aircraft manufacturer. The financial terms of the deal were not disclosed, Narus will remain under Boeing's ownership.
Boeing technologies will help Symantec fight hackers
Narus is developing software that filters Internet content for intelligence agencies. One of the company's technologies is used in monitoring systems of the US National Security Agency (NSA). Boeing bought Narus in 2010 in hopes of getting more orders from banks, retailers and other companies exposed to the threat of cyber attacks. However, the effect of this deal was lower than expected, admitted Dewey Houck, vice president and general manager of Boeing Electronic & Information Solutions.[4]
Symantec is going to use Narus technology and the expertise of its employees to analyze Big Data to help its customers with the prevention, detection, and control of cyber attacks. Engineers will have to study the Symantec database, which includes information on four trillion computer threats, in order to improve algorithms for protecting against hackers, said Symantec CTO Amit Mital, adding that it is very difficult to find such qualified specialists who work at Narus. 65 out of more than 100 Narus employees surveyed will move to the antivirus company.
2011: Buying Clearwell and LiveOffice: eDiscovery and archiving
Enrique Salem, then Chief Executive Officer of Symantec, decided to purchase Clearwell Systems for $20 million in 2011, bringing Symantec to the eDiscovery market and supporting its IT administration business. Clearwell already has Symantec Enterprise Vault support for unstructured data discovery, classification, and archiving. Clearwell will become part of the information management business after Symantec divides, synergizing with its storage management and backup software.
Six months later, Salem added LiveOffice to this, buying it for $115 million to back up the Clearwell platform with cloud archiving technology.
2010: Takeover of data encryption technology developers PGP and GuardianEdge
In 2010, the company spent $300 million on the purchase of PGP and another $70 million on GuardianEdge Technologies, an enciphering email developer, in order to enciphering ON integrate network connection points, data loss prevention and security gateways into its protection. The move increased competition with, McAfee which bought Safeboot with all-disk encryption technology three years earlier, embedding it in its data loss prevention package. GuardianEdge gave additional impetus to the already growing presence Symantec in the public sector, and PGP gave it a complete enterprise platform for managing encryption hard drive and removable drives on various devices. PGP already had support for Symantec products and was considered by reviewers as the correct purchase. Today, both of these purchases have become the core of Symantec Endpoint Encryption technology for full disk and removable drive encryption and for email gateways and file/folder and shared directory encryption.
In 2010, Symantec spent $1 billion on the purchase of Secure Sockets Layer (SSL), a public key infrastructure (PKI) encryption and management platform created by VeriSign. Enrique Salem, who was then the chief manager of Symantec, saw the move as a way to propel the company into the authentication and secure cloud services segment. Mark McLoughlin, who was then president and CEO of VeriSign, said the deal would allow his company to focus on the internet infrastructure services business. McLaughlin sold VeriSign's managed security services business to SecureWorks (now a division of Dell) and the consulting business to AT & T. In 2011, he retired from VeriSign, leading Palo Alto Networks, a network security vendor that later released connected client security software.
2009: Takeover of Mi5 Networks
In 2009, Symantec absorbed Mi5 Networks, a web security gateway developer.
2008: Takeover of SaaS-ßÑÓó¿ßá MessageLabs
Further purchases were MessageLabs (a vendor of SaaS web security SaaS services) in 2008. Symantec saw the purchase of MessageLabs as a way to increase its base of small and medium-sized businesses. When announcing the purchase of MesageLabs, Thompson touted secure backup services over the Internet and online storage in every way, presenting them as the birth of Symantec's services-in-the-cloud.
2007
Altiris takeover for $830 million
In April 2007, Symantec bought Altiris, a network customer management vendor, for $830 million. This platform allows IT administrators to scan desktops, laptops, servers, and mobile devices for missing patches and weak configurations; it provides patch installation, security policies, and quarantine of vulnerable systems until they are properly protected. This package gave the company access to a strong ecosystem of partners and fit into its portfolio of information security products.
$350 million takeover of Vontu
In 2007, six months after the purchase of Altiris, Symantec also bought the widely recognized provider of the leading data loss prevention platform Vontu for $350 million. The move was part of her then-Security 2.0 strategy, which the company said "shifts the scope of security from simply protecting systems and devices to protecting the information itself." Gartner at this time considers Symantec a leading vendor, but notes that niche players are closing the gap. Customers complained about the complexity of the platform, and VARs say that although this package remains one of the strongest data loss prevention solutions, it could include additional capabilities to provide a gap from competitors - RSA, Intel Security (formerly McAfee), Verdasys and Websense - which are actively increasing new threat detection features.
2006
BlindView Development Purchase for $209 Million
In 2006, Symantec bought BlindView Development for $209 million to create a policy compliance solution that addresses vulnerabilities. It was assumed that the platform would also introduce management of configurations, catalogs and access, helping to ensure compliance with the Sarbanes-Oxley law and other regulatory norms. BlindView technology brought agent-free protection with it and is now part of the Control Compliance Suite.
Purchase of 4FrontSecurity
Symantec also bought 4FrontSecurity by adding a risk management module to its infrastructure compliance suite, and Relicore with its change management technology, incorporating it into its backup software. Revivo technology was also purchased, which became part of NetBackup and Backup Exec solutions.
IMLogic purchase for $90 million
In 2006, instant messaging spam and phishing attacks made their way to PCs, and Symantec spent nearly $90 million to buy IMLogic, adding instant messaging protection to its platform. The deal brought with it not only technology: the founder and chief manager of IMLogic Francis deSouza, a graduate of MIT, who had already created and sold the instant messaging business to Microsoft, also joined the company. He soon took over Symantec's enterprise products and services business as its president, but later left the company to head Illumina, a genetic analysis technology firm.
2005
Veritas purchase for $13.5 billion
The purchase of Veritas for $13.5 billion in 2005 under then-Chief Executive John W. Thompson puzzled industry analysts. Wall Street investors initially expressed disapproval, and the company's stock fell 8% on the news.
"While regulatory regulations require more and more information security, the new business environment dictates that more and more people need more information openness," Thompson said at the time. "This dilemma is expressed in the current convergence of infrastructure protection and information availability."
Among those who won a seat on Symantec's board after the purchase was CEO Michael Brown, who was the chief manager of Quantum and a member of Veritas' board of directors. In addition to him, three more members of the Veritas board also joined the Symantec board.
Purchase of Sygate Technologies for $176 million.
A few months after buying Veritas, Thompson made an attempt to gain a competitive advantage on the growing interest in network access control (NAC) technology, buying Sygate Technologies for $176 million. NAC's business later remained thriving, but experts said this "first approach" was too complex and expensive to be widely accepted by customers.
Symantec later quietly announced that it was putting an end to this product and recommended that customers look for something else. In September, the product was removed from the Symantec portfolio; Support for existing customers officially ends in 2017.
WholeSecurity purchase for $68 million
Realizing that signature-based antivirus was already insufficient, Symantec bought WholeSecurity in October 2005. The deal amounted to $68 million and added security tools that analyze behavior and anti-phishing technology to its network entry point protection software.
In January, the company updated its blog called "Your Favorite Security Technology is Dead," announcing that antivirus software has gone far beyond simple signature analysis, gaining additional threat detection capabilities. WholeSecurity still takes its place in the network protection platform, helping to defend against keystrokes and screen images. Later, the company says, web security, messaging and mobile device protection, data loss prevention and malware protection will be added to the platform.
2004: Takeover of Brightmail and @ Stake
Brightmail's purchase of $370 million in 2004 gave Symantec its anti-spam (Norton) and reputation-based phishing software for corporate network connection points. And yet, experts agree that Symantec's credibility as an information protection vendor stems from the purchase of the consulting firm @ Stake in 2004, which had strong developments. Based on this purchase, Symantec has built its consulting business in information security. Today, many former @ Stake developers have become luminaries[5].
Notes
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