Symantec's on a roll: 15 merger and acquisition deals you need to know

Symantec is a behemoth. With a turnover of approximately $6.6 billion last year, the company has grown rapidly through a patchwork series of acquisitions from 1984 to 2016.

Let’s take a look at what these mergers and acquisitions mean to Symantec and how it has helped the security major to strengthen its existing product portfolio.

Symantec acquired ACT

In 1993, Symantec acquired ACT from Contact Software International and then sold it to SalesLogix in the year 1999. During that time, ACT was the world’s most popular CRM application for Windows and Macintosh.

Symantec purchased Axent

In the year 2000, Symantec decided to buy Axent Technologies in a stock-swap transaction valued at about $975 million. The acquisition was aimed to combine their virus protection software with vulnerability assessment with Axent’s intrusion detection products.

Symantec bought PowerQuest

The security giant acquired storage management vendor PowerQuest for $150 million to bolster its server and desktop management software. The acquisition enabled it to deliver solutions that allow customers to build, manage and protect their IT infrastructures with security management capabilities.

Symantec acquired Veritas

In December 2004, Veritas and Symantec announced their plans for a merger. With Veritas valued at $13.5 billion, it was the largest software industry merger at that time. As a result of this merger, Symantec's portfolio expanded to storage and availability-related products. And, in August 2015, the security giant sold their Veritas data-storage and recovery business to investors for $8 billion in cash.

Symantec took over Sygate

On August 16, 2005, Symantec acquired Sygate to complement its presence at the endpoint and address the security, compliance, and remediation requirements of larger enterprises. This acquisition gave the company a big push into the NAC market. But by November 30, 2005, all Sygate personal firewall products were discontinued and they now appear to be part of Norton Personal Firewall.

Symantec grabbed Altiris

In 2007, the security company acquired Altiris, a company that specialized in service-oriented management software, for $830 million. The acquisition gave the company new opportunities to sell compliance and management software.

Symantec bought Vontu

In November 2007, Symantec announced the acquisition of Vontu for $350 million. The acquisition was aimed at bolstering its security business with data loss prevention software, which helps prevent the loss of confidential or proprietary information.

Symantec acquired PC Tools

In August 2008, Symantec announced its plans to acquire PC Tools. With the addition of PC Tools, the security major expanded its reach with consumers in new emerging regional markets and brought an array of go-to-market capabilities. But in May 2013, they announced their discontinuation of the PC Tools line of internet security software.

Symantec's double acquisition of PGP and Guardian Edge

In April 2010, Symantec announced its intent to acquire PGP and Guardian Edge. The acquisitions closed in June 2010 and provided access to established encryption and key management technologies to its customers.

Symantec acquired VeriSign's identity and authentication business

In May 2010, Symantec acquired VeriSign’s identity and authentication business unit. The acquisition closed in August 2010, and by August 2012, the company completed its rebranding of the Verisign SSL Certificate Service by renaming it to Norton Secured Seal.

Symantec bought Clearwell Systems

In May 2011, Symantec announced the acquisition of Clearwell Systems for approximately $390 million. The acquisition was aimed at increasing the company’s ability to provide its customers with archiving and backup services.

Symantec picked up LiveOffice

In January 2012, Symantec announced the acquisition of cloud email-archiving company LiveOffice for $115 million. Symantec believed that this acquisition would add to its information governance products, allowing customers to store information on-premise, in Symantec's data centers, or both.

Symantec took over Odyssey Software and Nukona Inc.

In March 2012, Symantec completed the acquisition of Odyssey Software. This company made device management software that extended Microsoft System Center solutions by adding the ability to manage mobile and embedded devices.

Along with this, Symantec also completed its acquisition of Nukona, a provider of mobile application management software, in April 2012. The acquisition was intended to implement its strategy in managing and securing Apple iOS, Google Android and HTML5 apps, as part of its BYOD offering.

Symantec acquired NitroDesk

In May 2014, Symantec acquired NitroDesk, a provider of third-party EAS mobile applications. In combination with existing assets in app-wrapping, device management, threat protection, data loss prevention and identity management, this acquisition enabled Symantec to provide a single-vendor enterprise mobility solution.

Symantec set to buy Blue Coat Systems

Lastly, Symantec has agreed to buy Blue Coat Systems in a $4.65 billion deal that will give the computer-security company a new portfolio of cyber-defense technologies along with a new chief executive.