Huawei Symantec Technologies Co., Ltd. was a developer, producer and supplier of network security, storage and computing solutions
The joint venture, owned 51% by Huawei and 49% by Symantec, was headquartered in Chengdu, China.[1][2]
Huawei Symantec is a holder of more than 300 patents in storage and network security field, and about 30 of them were accepted as formal technological standards.[7] Huawei Symantec's technologists participate in various standardization organizations, including holding chair and vice-chair posts.[8] More than 50% of employees are engaged in research and development activities with labs located in Beijing, Shenzhen, Hangzhou in China, and in India.[9]
On November 14, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei acquired Symantec's 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for US$530 million.[10] Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.