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

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.

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

Date Company Business Country Value (USD) References
January 1, 1984 C&E Software Software  United States — [9]
July 8, 1987 Living Videotext Software  United States — [10]
October 26, 1987 Think Technologies Software  United States — [11]
September 4, 1990 Peter Norton Computing Computer software  United States $70,000,000 [12]
August 13, 1991 Zortech International Compiler software  United Kingdom $12,100,000 [13]
August 21, 1991 Dynamic Microprocessor Associates Computer software  United States $22,000,000 [14]
December 31, 1991 Leonard Development Group Computer programming  United States — [15]
April 4, 1992 Symantec UK Wholesale software  United Kingdom $26,200,000 [16]
June 9, 1992 MultiScope Debugging software  United States $6,765,000 [17]
June 9, 1992 Whitewater Group Programming tools  United States $3,280,000 [18]
October 9, 1992 Certus International Anti-virus software  United States $3,260,000 [19]
June 2, 1993 Contact Software International Management software  United States $47,000,000 [20]
October 7, 1993 Fifth Generation Systems Utilities software  United States $43,250,000 [21]
November 8, 1993 NetDistributor[note 1] Software  United States — [22]
November 8, 1993 Trik-Distributor Mgmt Utility[note 2] Management software  United States — [23]
December 31, 1993 DataEase Intl Inc-Cert Tech[note 3] Software  United States $8,180,000 [24]
January 13, 1994 Quest Development Data management software  United States — [25]
June 1, 1994 Central Point Software Utility software  United States $62,960,000 [26]
June 1, 1994 SLR Systems Software  United States $2,300,000 [27]
September 30, 1994 Intec Systems Mobile computing  United States $1,610,000 [28]
July 28, 1995 Sytron Computer peripheral  United States — [29]
November 22, 1995 Delrina Software  Canada $378,080,000 [30]
June 30, 1996 Fast Track Open network design  United States $7,462,500 [31]
June 4, 1998 Eastman Software-Storage Mgmt[note 4] Storage migration technology  United States $10,000,000 [32]
June 24, 1998 Binary Research Disk cloning technology  New Zealand $27,500,000 [33]
September 28, 1998 Intel Corp-Anti Virus Business[note 5] Anti-virus software  United States — [34]
March 30, 1999 Quarterdeck Utilities and community software  United States $78,411,000 [35]
July 21, 1999 Urlabs Internet software  United States — [36]
March 9, 2000 L-3 Commun Network Security[note 6] Security solutions  United States $20,000,000 [37]
December 18, 2000 AXENT Technologies Security solutions  United States $988,066,000 [38]
August 30, 2001 Lindner & Pelc Consult Computer consulting  Germany — [39]
July 2, 2002 Mountain Wave Enterprise security management  United States $20,000,000 [40]
August 6, 2002 SecurityFocus Cyber Intelligence  United States $75,000,000 [41]
August 19, 2002 Recourse Technologies Internet security  United States $135,000,000 [42]
August 19, 2002 Riptech Managed security  United States $145,000,000 [43]
April 17, 2003 Roxio-Goback Sys Recovery Ast[note 7] System recovery  United States $13,000,000 [44]
July 18, 2003 Nexland Internet access  United States $19,600,000 [45]
October 20, 2003 SafeWeb Inc Security and privacy  United States $26,000,000 [46]
December 8, 2003 PowerQuest Software  United States $150,000,000 [47]
February 17, 2004 ON Technology Network security software  United States $101,110,000 [48]
June 22, 2004 Brightmail Anti-spam software  United States $370,000,000 [49]
July 13, 2004 TurnTide Anti-spam software  United States $28,000,000 [50]
October 8, 2004 @stake Digital security  United States — [51]
October 11, 2004 LIRIC Associates Computer consulting  United Kingdom — [52]
December 13, 2004 Platform Logic Software  United States — [53]
May 16, 2005 XtreamLok Information Security  Australia $17,873,000 [54][55][56]
July 2, 2005 Veritas Software Business applications software  United States $13,520,000,000 [57][58]
October 4, 2005 WholeSecurity Security software  United States $68,270,000 [55][59]
October 7, 2005 Sygate Technologies Software  United States $176,971,000 [55][60]
January 6, 2006 BindView Network management software  United States $220,716,000 [55][61]
February 13, 2006 IMlogic IM protection software  United States $90,700,000 [55][62]
February 17, 2006 Relicore Management software  United States $52,071,000 [55][63]
November 20, 2006 Revivio Continuous data protection  United States — [64]
December 1, 2006 Company-i Information technology  United Kingdom $37,000,000 [65][66]
February 23, 2007 4FrontSecurity Risk management  United States $7,000,000 [66][67]
April 6, 2007 Altiris IT management software  United States $1,038,238,000 [68][69]
November 30, 2007 Vontu Data security software  United States $350,000,000 [70][69]
January 11, 2008 Transparent Logic Technologies Workflow optimization software  United States $12,000,000 [66]
April 18, 2008 AppStream Application Streaming  United States $53,000,000 [71][72]
June 6, 2008 SwapDrive Web-based software  United States $124,000,000 [73][74]
August 8, 2008 nSuite Technologies Desktop virtualization  United States $20,000,000

[75][76]

October 6, 2008 PC Tools Utility software  Australia $262,000,000 [74][77]
November 14, 2008 MessageLabs SaaS Security Provider  United Kingdom $630,000,000 [78][79]
March 20, 2009 Mi5 Networks Web Security Gateway  United States $18,000,000 [74][80]
October 31, 2009 SoftScan SaaS Security Provider  Denmark — [81]
January 12, 2010 Gideon Technologies Information security  United States — [82]
June 4, 2010 PGP Corporation Data Encryption  United States $300,000,000 [83]
June 3, 2010 GuardianEdge Endpoint Data Protection  United States $70,000,000 [83]
May 19, 2010 VeriSign security business Authentication Services  United States $1,280,000,000 [84]
October 10, 2010 RuleSpace security business Web content categorization  United States — [85]
May 19, 2011 Clearwell Systems eDiscovery  United States $390,000,000 [86]
January 16, 2012 LiveOffice SaaS Archiving  United States $115,000,000 [87]
March 2, 2012 Odyssey Software Mobile Device Management  United States $36,000,000 [88][89]
April 2, 2012 Nukona Mobile Application Management  United States $28,000,000

[90][91]

May 25, 2012 VeriSign Japan KK IT Security Software  Japan — [92]
July 18, 2013 PasswordBank Identity Management  Spain — [93]
May 28, 2014 NitroDesk Mobile Data Protection  United States — [94]
August 14, 2015 Blackfin Security Cyber Security Training  United States — [95]
June 12, 2016 Blue Coat Systems Cyber Security  United States $4,650,000,000 [96][97]
November 20, 2016 LifeLock Identity Theft Protection  United States $2,300,000,000 [98]
June 8, 2017 Watchful Software IT Security Software  Portugal — [99]
July 6, 2017 Fireglass Malware Prevention  Israel $225,000,000 [100][101]
July 11, 2017 Skycure Mobile Threat Defense  United States $205,000,000 [102][101]
November 6, 2017 SurfEasy, Inc. VPN Provider  Canada $38,500,000 [103][104]
November 5, 2018 Appthority Mobile Application Security  United States — [105]
November 5, 2018 Javelin Networks Active Directory Security  Israel — [106]
February 12, 2019 Luminate Secure Application Access  Israel $200,000,000 [107]
December 7, 2020 Avira Computer security software  Germany $360,000,000 [108]
August 11, 2021 Avast Computer security software  Czech Republic $8,000,000,000 [109][110]

Investments

Date Company Business Country Value (USD) References
May 27, 2010 Mocana Security United States N/A [111]

Stakes

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

Divestitures

Date Acquirer Target company Target business Acquirer country Value (USD) References
March 28, 1989 NMB Seagate Technology-Composite Recording heads  United States — [114]
November 30, 1989 Carolian Systems International Delrina[note 10] Software  United States — [115]
May 15, 1990 IBM Delrina[note 11] Software  United States $1,900,000 [116]
August 13, 1991 Zortech Symantec[note 12] Software  United Kingdom — [117]
October 30, 1991 Read-Rite Conner Peripherals-Film Ops Computer disk film  United States — [118]
November 11, 1991 —[note 13] Delrina Software — $4,000,000 [119]
February 15, 1993 RR Donnelley Norwest Central Point Software In-house manufacturing  United States — [120]
May 27, 1993 Overland Data Conner Peripherals Inc-Cipher Cipher tape drive  United States $9,000,000 [121]
October 18, 1993 DOVatron International Conner Periph SG-Surf Asm Elec Disk drives  United States — [122]
March 31, 1995 CenterLine Software Veritas Software Corp-Vista Software tools  United States — [123]
September 28, 1995 Quarterdeck Office Systems StarNine Internet services provider  United States $12,470,000 [124]
November 27, 1995 Investor Group Time Line Solutions Computer-based management  United States — [125]
March 11, 1996 Creative Wonders Delrina Computer software  United States — [126]
September 10, 1996 JetForm Delrina Corp-Electronic Forms Database software  Canada $100,000,000 [127]
November 14, 1997 Elron Electronic Industries ON Technology-Network Mgmt Network management software  United States $13,500,000 [128]
November 30, 1997 Elron Software ON Technology Corp-Network Network security software  United States $13,500,000 [129]
January 14, 1998 Platinum Equity StarNine Technologies Internet services provider  United States — [130]
December 31, 1999 SalesLogix Symantec Corp-ACT! Software Information management  United States $85,787,000 [131]
June 9, 2000 Seagate Technology Seagate Software Wholesale software  United States — [132]
November 22, 2000 Investor Group Seagate Technology-Disk-Drive Disk drives and storage devices  United States $2×10^9 [133]
November 30, 2000 Black Box Corporation Intec Systems Mobile computing  United States — [134]
December 18, 2002 Sonic Solutions Veritas-Desktop, Mobile Div Software  United States $9,200,000 [135]
May 10, 2004 TechTarget myITforum Web portal  United States — [136]
January 31, 2006 Symantec[note 14] Symantec Internet software  United States $1×10^9 [137]
March 10, 2008 Vector Capital Symantec Corp-Application Internet software  United States — [138]
July 8, 2008 Electronic Evidence Discovery Daticon Litigation software  United States — [139]
January 30, 2016 The Carlyle Group Veritas Technologies data management software  United States — [140]

[141]

November 4, 2019 Broadcom Symantec enterprise security enterprise security  United States $1.07×10^9 [142]

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

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  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.
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  31. ↑ "Symantec Corp acquires Fast Track Inc (1996/06/30)". Thomson Financial. Archived from the original on 2012-03-10. Retrieved 2008-10-26.
  32. ↑ "Seagate Software Inc acquires Eastman Software-Storage Mgmt from eiStream Inc (1998/06/04)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  33. ↑ "Symantec Corp acquires Binary Research Ltd (1998/06/24)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  34. ↑ "Symantec Corp acquires Intel Corp-Anti Virus Business from Intel Corp (1998/09/28)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  35. ↑ "Symantec Corp launches a tender offer for Quarterdeck Corp (1999/03/30)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  36. ↑ "Symantec Corp acquires Urlabs (1999/07/21)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  37. ↑ "Symantec Corp acquires L-3 Commun Network Security from L-3 Communications Hldg Inc (2000/03/09)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  38. ↑ "Symantec Corp acquires AXENT Technologies Inc (2000/12/18)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  39. ↑ "Symantec UK acquires Lindner & Pelc Consult GmbH (2001/08/30)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  40. ↑ "Symantec Corp acquires Mountain Wave Inc (2002/07/02)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
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  43. ↑ "Symantec Corp acquires Riptech Inc (2002/08/19)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  44. ↑ "Symantec Corp acquires Roxio-Goback Sys Recovery Ast from Napster Inc (2003/04/17)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  45. ↑ "Symantec Corp acquires Nexland Inc (2003/07/18)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
  46. ↑ "Symantec Corp acquires SafeWeb Inc (2003/10/20)". Thomson Financial. Archived from the original on 2012-03-25. Retrieved 2008-10-28.
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  74. 1 2 3 "SEC Form 10-K, Symantec Corp, period: April 03, 2009, p. 82" (PDF). Symantec. 2009-06-01. Retrieved 2010-09-06.
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  78. ↑ "Symantec Completes Acquisition of MessageLabs". Symantec. 2008-11-17. Retrieved 2009-10-11.
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  83. 1 2 "Symantec to Offer Broadest Data Protection Capabilities with Acquisition of PGP Corporation and GuardianEdge". Symantec. Archived from the original on 2010-05-02. Retrieved 2010-05-01.
  84. ↑ "Symantec to Acquire VeriSign's Security Business Solidifying its Position as the World's Most Trusted Source for Protecting Information and Identities Online". Symantec. Retrieved 2019-02-01.
  85. ↑ "Symantec acquires RuleSpace Web content categorization products and services". Symantec. Retrieved 2010-10-10.
  86. ↑ "Symantec to Acquire Clearwell Systems". Symantec. Retrieved 2011-05-22.
  87. ↑ "Symantec Announces Intelligent Information Governance to Mitigate Risks and Free Information". Symantec. Retrieved 2012-01-16.
  88. ↑ "Symantec Advances Enterprise Mobility with Odyssey Software and Nukona". Symantec. Archived from the original on 2012-03-26. Retrieved 2012-03-28.
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  92. ↑ "Symantec Announces Tender Offer for VeriSign Japan KK". Symantec. May 25, 2012. Retrieved April 16, 2017.
  93. ↑ "Symantec acquires Spanish startup PasswordBank for a reported $25m". Symantec. 18 July 2013. Retrieved 2013-07-23.
  94. ↑ "Symantec Advances Enterprise Mobile Offerings with Acquisition of NitroDesk". Symantec. Retrieved 2014-05-28.
  95. ↑ "Symantec buys training firm to boost VR answer to skills shortage". CSO. Retrieved March 24, 2017.
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