A global technology leader Broadcom, Inc., agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion.
Details are provided below:
- Broadcom designs, develops and supplies semiconductor and infrastructure software solutions.
- The addition of Symantec’s enterprise security portfolio will expand Broadcom’s infrastructure software footprint.
- Symantec’s enterprise security business offers a best-in-class suite of integrated enterprise security solutions to customers.
- Hock Tan, President and Chief Executive Officer of Broadcom, said, “M&A has played a central role in Broadcom’s growth strategy and this transaction represents the next logical step in our strategy following our acquisitions of Brocade and CA Technologies. Symantec’s enterprise security business is recognized as an established leader in the growing enterprise security space and has developed some of the world’s most powerful defense solutions that protect against today’s evolving threat landscape and secure data from endpoint to cloud. We look forward to expanding our footprint of mission critical infrastructure software within our core Global 2000 customer base.”