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.
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.
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.
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.