M&A Deal Summary

Broadcom Acquires Symantec - Enterprise Security Assets

On August 8, 2019, Broadcom acquired software company Symantec - Enterprise Security Assets from NortonLifeLock for 10.7B USD

Acquisition Highlights
  • This is Broadcom’s 2nd transaction in the Software sector.
  • This is Broadcom’s 4th largest (disclosed) transaction.
  • This is Broadcom’s 9th transaction in the United States.
  • This is Broadcom’s 6th transaction in California.

M&A Deal Summary

Date 2019-08-08
Target Symantec - Enterprise Security Assets
Sector Software
Buyer(s) Broadcom
Sellers(s) NortonLifeLock
Deal Type Divestiture
Deal Value 10.7B USD

Target

Symantec - Enterprise Security Assets

Mountain View, California, United States
Symantec Corp. - Enterprise Security Assets offers complete physical security solutions, national accounts management, and custom in house software.

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Buyer(S) 1

Buyer

Broadcom

San Jose, California, United States

website


Category Company
Founded 2018
Sector Semiconductors
Employees20,000
Revenue 33.2B USD (2022)
DESCRIPTION

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.


DEAL STATS #
Overall 14 of 17
Sector (Software) 2 of 2
Type (Divestiture) 5 of 5
State (California) 6 of 8
Country (United States) 9 of 12
Year (2019) 1 of 2
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Veracode

Burlington, Massachusetts, United States

Veracode develops products to help secure web, mobile and third-party applications across the software development lifecycle. Veracode's complete set of offerings help customers reduce the risk of data breaches, increase the speed of secure software delivery, meet compliance requirements, and cost effectively secure their software assets- whether that’s software they make, buy or sell. Veracode was founded in 2005 and is based in Burlington, Massachusetts.

Sell $950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Bay Dynamics

San Francisco, California, United States

Bay Dynamics, Inc. is an operator of a cyber risk analytics company that helps companies measure, communicate and reduce cyber risk. The company’s flagship analytics software, Risk Fabric, automates the process of analyzing security information so that it’s traceable, trustworthy and prioritized. Bay Dynamics was founded in 2001 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

NortonLifeLock

Tempe, Arizona, United States

website


Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 2.6B USD (2021)
DESCRIPTION

NortonLifeLock is a Cyber Safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. NortonLifeLock was founded in 1982 and is based in Tempe, Arizona.


DEAL STATS #
Overall 5 of 5
Sector (Software) 2 of 2
Type (Divestiture) 4 of 4
State (California) 4 of 4
Country (United States) 5 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Luminate Security

Tel Aviv, California, Israel

Luminate Security Ltd. is a software-defined perimeter technology company. Luminate enables IT teams to create Zero Trust Application Access architecture through connecting any user from any device to any corporate application while seamlessly reducing attack surface, increasing visibility into application usage and improving corporate compliance. Luminate Security Ltd. was founded in 2016 and is based in Tel Aviv, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Avira Operations KG

Tettnang, Germany

Avira Operations GmbH & Co. KG is a cybersecurity software solutions firm serving the OEM (Original Equipment Manufacturer) and Consumer end markets, with over 500 million endpoints protected globally. the Company has developed particular strengths in Anti-Malware, Threat Intelligence, and IoT solutions. Its software provides next-generation security for users’ online identity, finances, and private data, protecting against viruses, malware, ransomware, and other threats. Avira Operations is based in Tettnang, Germany.

Buy $360M