Huawei Symantec
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Huawei Symantec Technologies Co., Ltd. (Chinese: 华为赛门铁克科技有限公司; pinyin: Huáwéi Sàiméntiěkè Kējì Yǒuxiàn Gōngsī) was a developer, producer and supplier of network security, storage and computing solutions
| |
Native name | 华为赛门铁克科技有限公司 |
|---|---|
| Company type | Joint venture |
| Industry | Information technology |
| Founded | February 2008 |
| Founder | |
| Defunct | March 2012 |
| Fate | Symantec's stake acquired by Huawei |
| Headquarters | , |
Key people |
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| Products | Network security, storage and computing solutions |
| Owners | |
| Parent | |
| Website | www.huaweisymantec.com |
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.