Huawei Symantec

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]

History

• 2000: Huawei started R&D in the security technology field; Symantec is a provider of antivirus and security software
• 2004: Huawei started R&D in storage technology field
• 2005: Symantec acquires Veritas Software, manufacturer of information lifecycle management software
• 2007 (May): Huawei and Symantec sign an agreement for the establishment of a joint venture in order to provide end-to-end solutions in the domain of converging network, security, and storage and computing technologies.[3]
• 2008 (February): Huawei Symantec was established.[4]
• 2012 (March): Huawei acquires the 49% of shares held by the Symantec Corporation at a price of about 530 million U.S. dollars or 3.4 billion yuan.[5][6]

Technological convergence and R&D

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]

Acquisition by Huawei

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.

External links