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List of mergers and acquisitions by Gen Digital

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

DateCompanyBusinessCountryValue (USD)References
January 1, 1984C&E SoftwareSoftware  United States—[9]
July 8, 1987Living VideotextSoftware  United States—[10]
October 26, 1987Think TechnologiesSoftware  United States—[11]
September 4, 1990Peter Norton ComputingComputer software  United States$70,000,000[12]
August 13, 1991Zortech InternationalCompiler software  United Kingdom$12,100,000[13]
August 21, 1991Dynamic Microprocessor AssociatesComputer software  United States$22,000,000[14]
December 31, 1991Leonard Development GroupComputer programming  United States—[15]
April 4, 1992Symantec UKWholesale software  United Kingdom$26,200,000[16]
June 9, 1992MultiScopeDebugging software  United States$6,765,000[17]
June 9, 1992Whitewater GroupProgramming tools  United States$3,280,000[18]
October 9, 1992Certus InternationalAnti-virus software  United States$3,260,000[19]
June 2, 1993Contact Software InternationalManagement software  United States$47,000,000[20]
October 7, 1993Fifth Generation SystemsUtilities software  United States$43,250,000[21]
November 8, 1993NetDistributor[note 1]Software  United States—[22]
November 8, 1993Trik-Distributor Mgmt Utility[note 2]Management software  United States—[23]
December 31, 1993DataEase Intl Inc-Cert Tech[note 3]Software  United States$8,180,000[24]
January 13, 1994Quest DevelopmentData management software  United States—[25]
June 1, 1994Central Point SoftwareUtility software  United States$62,960,000[26]
June 1, 1994SLR SystemsSoftware  United States$2,300,000[27]
September 30, 1994Intec SystemsMobile computing  United States$1,610,000[28]
July 28, 1995SytronComputer peripheral  United States—[29]
November 22, 1995DelrinaSoftware  Canada$378,080,000[30]
June 30, 1996Fast TrackOpen network design  United States$7,462,500[31]
June 4, 1998Eastman Software-Storage Mgmt[note 4]Storage migration technology  United States$10,000,000[32]
June 24, 1998Binary ResearchDisk cloning technology  New Zealand$27,500,000[33]
September 28, 1998Intel Corp-Anti Virus Business[note 5]Anti-virus software  United States—[34]
March 30, 1999QuarterdeckUtilities and community software  United States$78,411,000[35]
July 21, 1999UrlabsInternet software  United States—[36]
March 9, 2000L-3 Commun Network Security[note 6]Security solutions  United States$20,000,000[37]
December 18, 2000AXENT TechnologiesSecurity solutions  United States$988,066,000[38]
August 30, 2001Lindner & Pelc ConsultComputer consulting  Germany—[39]
July 2, 2002Mountain WaveEnterprise security management  United States$20,000,000[40]
August 6, 2002SecurityFocusCyber Intelligence  United States$75,000,000[41]
August 19, 2002Recourse TechnologiesInternet security  United States$135,000,000[42]
August 19, 2002RiptechManaged security  United States$145,000,000[43]
April 17, 2003Roxio-Goback Sys Recovery Ast[note 7]System recovery  United States$13,000,000[44]
July 18, 2003NexlandInternet access  United States$19,600,000[45]
October 20, 2003SafeWeb IncSecurity and privacy  United States$26,000,000[46]
December 8, 2003PowerQuestSoftware  United States$150,000,000[47]
February 17, 2004ON TechnologyNetwork security software  United States$101,110,000[48]
June 22, 2004BrightmailAnti-spam software  United States$370,000,000[49]
July 13, 2004TurnTideAnti-spam software  United States$28,000,000[50]
October 8, 2004@stakeDigital security  United States—[51]
October 11, 2004LIRIC AssociatesComputer consulting  United Kingdom—[52]
December 13, 2004Platform LogicSoftware  United States—[53]
May 16, 2005XtreamLokInformation Security  Australia$17,873,000[54][55][56]
July 2, 2005Veritas SoftwareBusiness applications software  United States$13,520,000,000[57][58]
October 4, 2005WholeSecuritySecurity software  United States$68,270,000[55][59]
October 7, 2005Sygate TechnologiesSoftware  United States$176,971,000[55][60]
January 6, 2006BindViewNetwork management software  United States$220,716,000[55][61]
February 13, 2006IMlogicIM protection software  United States$90,700,000[55][62]
February 17, 2006RelicoreManagement software  United States$52,071,000[55][63]
November 20, 2006RevivioContinuous data protection  United States—[64]
December 1, 2006Company-iInformation technology  United Kingdom$37,000,000[65][66]
February 23, 20074FrontSecurityRisk management  United States$7,000,000[66][67]
April 6, 2007AltirisIT management software  United States$1,038,238,000[68][69]
November 30, 2007VontuData security software  United States$350,000,000[70][69]
January 11, 2008Transparent Logic TechnologiesWorkflow optimization software  United States$12,000,000[66]
April 18, 2008AppStreamApplication Streaming  United States$53,000,000[71][72]
June 6, 2008SwapDriveWeb-based software  United States$124,000,000[73][74]
August 8, 2008nSuite TechnologiesDesktop virtualization  United States$20,000,000

[75][76]

October 6, 2008PC ToolsUtility software  Australia$262,000,000[74][77]
November 14, 2008MessageLabsSaaS Security Provider  United Kingdom$630,000,000[78][79]
March 20, 2009Mi5 NetworksWeb Security Gateway  United States$18,000,000[74][80]
October 31, 2009SoftScanSaaS Security Provider  Denmark—[81]
January 12, 2010Gideon TechnologiesInformation security  United States—[82]
June 4, 2010PGP CorporationData Encryption  United States$300,000,000[83]
June 3, 2010GuardianEdgeEndpoint Data Protection  United States$70,000,000[83]
May 19, 2010VeriSign security businessAuthentication Services  United States$1,280,000,000[84]
October 10, 2010RuleSpace security businessWeb content categorization  United States—[85]
May 19, 2011Clearwell SystemseDiscovery  United States$390,000,000[86]
January 16, 2012LiveOfficeSaaS Archiving  United States$115,000,000[87]
March 2, 2012Odyssey SoftwareMobile Device Management  United States$36,000,000[88][89]
April 2, 2012NukonaMobile Application Management  United States$28,000,000

[90][91]

May 25, 2012VeriSign Japan KKIT Security Software  Japan—[92]
July 18, 2013PasswordBankIdentity Management  Spain—[93]
May 28, 2014NitroDeskMobile Data Protection  United States—[94]
August 14, 2015Blackfin SecurityCyber Security Training  United States—[95]
June 12, 2016Blue Coat SystemsCyber Security  United States$4,650,000,000[96][97]
November 20, 2016LifeLockIdentity Theft Protection  United States$2,300,000,000[98]
June 8, 2017Watchful SoftwareIT Security Software  Portugal—[99]
July 6, 2017FireglassMalware Prevention  Israel$225,000,000[100][101]
July 11, 2017SkycureMobile Threat Defense  United States$205,000,000[102][101]
November 6, 2017SurfEasy, Inc.VPN Provider  Canada$38,500,000[103][104]
November 5, 2018AppthorityMobile Application Security  United States—[105]
November 5, 2018Javelin NetworksActive Directory Security  Israel—[106]
February 12, 2019LuminateSecure Application Access  Israel$200,000,000[107]
December 7, 2020AviraComputer security software  Germany$360,000,000[108]
August 11, 2021AvastComputer security software  Czech Republic$8,000,000,000[109][110]

Investments

DateCompanyBusinessCountryValue (USD)References
May 27, 2010MocanaSecurityUnited StatesN/A[111]

Stakes

DateCompanyBusinessCountryValue (USD)References
July 24, 2000Brightmail[note 8]Anti-spam software  United States$18,000,000[112]
February 5, 2008Huawei Tech Co Ltd-Telecom[note 9]Telecommunications  China$150,000,000[113]

Divestitures

DateAcquirerTarget companyTarget businessAcquirer countryValue (USD)References
March 28, 1989NMBSeagate Technology-CompositeRecording heads  United States—[114]
November 30, 1989Carolian Systems InternationalDelrina[note 10]Software  United States—[115]
May 15, 1990IBMDelrina[note 11]Software  United States$1,900,000[116]
August 13, 1991ZortechSymantec[note 12]Software  United Kingdom—[117]
October 30, 1991Read-RiteConner Peripherals-Film OpsComputer disk film  United States—[118]
November 11, 1991—[note 13]DelrinaSoftware—$4,000,000[119]
February 15, 1993RR Donnelley NorwestCentral Point SoftwareIn-house manufacturing  United States—[120]
May 27, 1993Overland DataConner Peripherals Inc-CipherCipher tape drive  United States$9,000,000[121]
October 18, 1993DOVatron InternationalConner Periph SG-Surf Asm ElecDisk drives  United States—[122]
March 31, 1995CenterLine SoftwareVeritas Software Corp-VistaSoftware tools  United States—[123]
September 28, 1995Quarterdeck Office SystemsStarNineInternet services provider  United States$12,470,000[124]
November 27, 1995Investor GroupTime Line SolutionsComputer-based management  United States—[125]
March 11, 1996Creative WondersDelrinaComputer software  United States—[126]
September 10, 1996JetFormDelrina Corp-Electronic FormsDatabase software  Canada$100,000,000[127]
November 14, 1997Elron Electronic IndustriesON Technology-Network MgmtNetwork management software  United States$13,500,000[128]
November 30, 1997Elron SoftwareON Technology Corp-NetworkNetwork security software  United States$13,500,000[129]
January 14, 1998Platinum EquityStarNine TechnologiesInternet services provider  United States—[130]
December 31, 1999SalesLogixSymantec Corp-ACT! SoftwareInformation management  United States$85,787,000[131]
June 9, 2000Seagate TechnologySeagate SoftwareWholesale software  United States—[132]
November 22, 2000Investor GroupSeagate Technology-Disk-DriveDisk drives and storage devices  United States$2×10^9[133]
November 30, 2000Black Box CorporationIntec SystemsMobile computing  United States—[134]
December 18, 2002Sonic SolutionsVeritas-Desktop, Mobile DivSoftware  United States$9,200,000[135]
May 10, 2004TechTargetmyITforumWeb portal  United States—[136]
January 31, 2006Symantec[note 14]SymantecInternet software  United States$1×10^9[137]
March 10, 2008Vector CapitalSymantec Corp-ApplicationInternet software  United States—[138]
July 8, 2008Electronic Evidence DiscoveryDaticonLitigation software  United States—[139]
January 30, 2016The Carlyle GroupVeritas Technologiesdata management software  United States—[140]

[141]

November 4, 2019BroadcomSymantec enterprise securityenterprise security  United States$1.07×10^10[142]

Notes

References

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