List_of_mergers_and_acquisitions_by_Gen_Digital

List of mergers and acquisitions by Gen Digital

List of mergers and acquisitions by Gen Digital

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Gen Digital, formerly known as Symantec and NortonLifeLock, is a multinational computer software company founded on March 1, 1982.[1] It is an international corporation that specializes in selling security and information management software.[2] Gary Hendrix founded the company in 1982 with the help of a National Science Foundation grant. Symantec was originally focused on artificial intelligence-related projects, and Hendrix hired several Stanford University natural language processing researchers as the company's first employees.[3] After the company's initial public offering in 1989, Hendrix left the company in 1991 and moved to Texas.[4] The company has acquired 57 companies, purchased stakes in 2 firms, and divested 26 companies, in which parts of the company are sold to another company. Of the companies that Symantec has acquired, 50 were based in the United States. Symantec has not released the financial details for most of these mergers and acquisitions.

Gen Digital co-headquarters in Tempe, Arizona
Gen Digitial co-headquarters at the Enterprise Office Center building in Prague, Czech Republic

Symantec's first acquisition was C&E Software on January 1, 1984, and the founder of C&E Software, Gordon Eubanks, became the new chief executive officer of Symantec.[5] The company has made five acquisitions with a value greater than $1 billion: LifeLock was acquired on Feb 9, 2017 for $2.3 billion, Blue Coat Systems was acquired on Aug 1, 2016 for $4.65 billion, VeriSign was acquired on May 19, 2010 for $1.250 billion, Altiris was acquired on April 6, 2007 for $1.038 billion, and Symantec purchased Veritas Software on July 2, 2005 for $13 billion. The deal with Veritas was Symantec's largest acquisition and made Symantec the fifth-largest software company in the world.[6] Symantec made the most acquisitions in 2004 with six: ON Technology, Brightmail, TurnTide, @stake, LIRIC Associates, and Platform Logic. The company divested its enterprise-security software business to Broadcom for $10.7 billion in 2019 and adopted the NortonLifeLock name.[7] On November 7, 2022, NortonLifeLock rebranded to Gen Digital after completed its merger with Avast in last September.[8]

Acquisitions

More information Date, Company ...

Investments

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Stakes

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Divestitures

More information Date, Acquirer ...

Notes

  1. NetDistributor was acquired from Trik.
  2. Trik-Distributor Mgmt Utility was acquired from Trik.
  3. DataEase Intl Inc-Cert Tech was acquired from DataEase International.
  4. Eastman Software-Storage Mgmt was acquired from eiStream.
  5. Intel Corp-Anti Virus Business was acquired from Intel Corporation.
  6. L-3 Commun Network Security was acquired from L-3 Communications.
  7. Roxio-Goback Sys Recovery Ast was acquired from Napster.
  8. Symantec acquired an 11% stake in Brightmail.
  9. Huawei Tech Co Ltd-Telecom is owned by Huawei Technologies.
  10. Carolian Systems International acquired a 51.5% interest in Delrina.
  11. IBM acquired an 11% stake in Delrina.
  12. Zortech acquired 238,095 common shares of Symantec.
  13. A minority stake of Delrina was acquired by an undisclosed acquiror.
  14. Symantec repurchased the company's common stock outstanding in open market or privately negotiated transactions.

References

  1. "Merger Mania Strikes Software Industry". San Jose Mercury News. 1987-10-12.
  2. Hulme, George V.; Foley, John (2004-12-16). "UPDATE: Symantec To Acquire Veritas For $13.5 Billion". InformationWeek. Retrieved 2008-04-25.
  3. International Directory of Company Histories. Vol. 10. St. James Press. 1995.
  4. Spicer, Dag (2004-11-19). "Oral History of Gary Hendrix PDF Document" (PDF). Computer History Museum. Archived from the original (PDF) on 2012-02-14. Retrieved 2008-11-01.
  5. Evangelista, Benny (1999-04-07). "Symantec Chair Will Become CEO of Oblix". San Francisco Chronicle. Archived from the original on February 17, 2003. Retrieved 2008-10-30.
  6. Flynn, Laurie J. (2005-06-25). "Shareholders Approve Symantec-Veritas Software Merger". The New York Times. Retrieved 2008-10-30.
  7. Savitz, Eric J. "Symantec Is Now NortonLifeLock. It's a Cheap, Ignored Stock". Barron's. pp. November 5, 2019. Retrieved December 6, 2020.
  8. "Introducing Gen: The Company to Power Digital Freedom". Gen Digital. November 7, 2022. Retrieved November 18, 2022.
  9. "Symantec Corp acquires C&E Software (1984/01/01)". Thomson Financial. Archived from the original on 2012-03-10. Retrieved 2008-10-26.
  10. Symantec (1987-07-08). "Symantec and Living Videotext announce merger agreement". Business Wire.
  11. "Symantec Corp acquires Symantec UK (1992/04/04)". Thomson Financial. Archived from the original on 2012-03-10. Retrieved 2008-10-26.
  12. "Symantec Corp acquires Urlabs (1999/07/21)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  13. "Symantec Corp acquires Riptech Inc (2002/08/19)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  14. "Symantec Corp acquires Nexland Inc (2003/07/18)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  15. "Symantec Corp acquires SafeWeb Inc (2003/10/20)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  16. "Symantec Corp acquires @stake Inc (2004/10/08)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-30.
  17. "XtreamLok". Symantec. Retrieved 17 October 2014.
  18. "Symantec acquires XtreamLok". iTnews. 16 May 2005. Retrieved 2008-04-15.
  19. "Symantec To Acquire WholeSecurity". Symantec. 2005-09-22. Retrieved 2014-10-17.
  20. "Symantec to Acquire Sygate Technologies". Symantec. 2005-08-16. Retrieved 2014-10-17.
  21. "Symantec to Acquire Bindview". Symantec. October 3, 2005. Retrieved October 17, 2014.
  22. "Symantec to acquire IMlogic". Symantec. January 3, 2006. Retrieved October 17, 2014.
  23. "Symantec to Acquire Relicore". Symantec. February 7, 2006. Retrieved October 17, 2014.
  24. "Symantec quietly snaps up Revivio's CDP assets". SearchStorage.com. 2006-11-27. Retrieved 2008-11-08.
  25. "Symantec to Acquire Company-i". Symantec. November 6, 2006. Retrieved October 17, 2014.
  26. "4FrontSecurity acquired by Symantec Corp". Symantec. February 23, 2007. Retrieved October 17, 2014.
  27. "Symantec to Acquire Altiris". Symantec. January 29, 2007. Retrieved October 17, 2014.
  28. "Symantec to Acquire Vontu". Symantec. November 5, 2007. Retrieved October 22, 2014.
  29. "AppStream". Symantec. Retrieved October 22, 2014.
  30. "Symantec buys online backup vendor SwapDrive". Computerworld. 12 June 2008. Retrieved 20 August 2014.
  31. "Symantec to Acquire PC Tools". Symantec. 2008-08-18. Retrieved 2008-08-19.
  32. "Symantec Announces Tender Offer for VeriSign Japan KK". Symantec. May 25, 2012. Retrieved April 16, 2017.
  33. "Opera divests SurfEasy business". Oslo Stock Exchange. 2017-11-06.
  34. "Norton and Avast are merging into an $8 billion antivirus empire". The Verge. 11 August 2021. Retrieved 11 August 2021.
  35. Barr, Greg (12 September 2022). "NortonLifeLock to change company name in wake of Avast acquisition". American City Business Journals. Archived from the original on 13 September 2022.
  36. "Symantec Corp buys back stock (2006/01/31)". Thomson Financial. Archived from the original on March 25, 2012. Retrieved 2008-10-30.
  37. corporate press release, Symantec and Veritas separation (PDF), retrieved 2016-02-15


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