Symantec's shopping spree: Acquisitions that strengthened cybersecurity

By Poojitha Jayadevan Jul 18th 2017
Symantec's shopping spree: Acquisitions that strengthened cybersecurity

Symantec's acquisition of Skycure comes close on the heels of the former's many M&As over two years. A close look at the pattern reveals a greater cybersecurity strategy. Here’s a list of companies Symantec has taken over in the last two years.

Symantec has been on a spree of acquisitions for the past two years. The California-based global cybersecurity player, acquired Skycure, its fifth acquisition in July, thereby strengthening its mobile threat defense. Symantec has taken over 80 companies since its inception in 1982. With a revenue of USD 4.091 billion for FY 2017, Symantec bought two cybersecurity startups in less than a week.

Let’s take a look Symantec's acquisitions over the past two years and how they have helped the company strengthen its cybersecurity and defense strategies.

1. Skycure

Domain: Mobile threat defense

Date: 11th July, 2017

Deal Size: Not disclosed

With this acquisition Symantec gains Skycure’s renowned mobile threat platform and security capabilities like mobile active protection that secures devices in real time. The US and Israel-based company was named as the 2016 Company of the Year for mobile enterprise security by Frost and Sullivan.

2. Fireglass

Domain: Browser isolation solution eliminating ransomware, malware and phishing threats real time.

Date: 6th July, 2017

Deal size: Not disclosed

The Israel-based startup is known for its specialization in browser isolation technology. By incorporating this technology, Symantec can eliminate ransomware, malware and phishing threats in real time and enhance its integrated cyber defense platform.

3. LifeLock

Domain: Identity Theft Protection

Date: 20th November, 2016

Deal Size: Approximately USD 2.3 billion

In 2016, Symantec bought LifeLock, a 12-year-old company offering identity theft protection by alerting consumers about unauthorized use. Lifelock also monitored new account openings, credit and non-credit related services. This particular acquisition of Symantec highlighted the company's initiative to bring digital safety to consumers.

4. Blue Coat Systems

Domain: Web security

Date: 12th June, 2016

Deal Size: USD 4.65 billion

Blue Coat Systems was Symantec's largest acquisition so far. The USD 4.65 billion deal was aimed at strengthening Symantec's cybersecurity services with Blue Coat Systems' solutions.  This disrupted Symantec's top management too, as the company's CEO was replaced by that of Blue Coat's. 

5.  Blackfin Security

Domain: Cybersecurity Training

Date: August 14, 2015

Deal Size: Not disclosed

Blackfin Security helped Symantec deliver CyberWar Games and worked with Symantec for three years before being acquired by the latter. Symantec's agenda with this particular acquisition was to improve its customers' cyber readiness. 

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