Gen Digital - M&A Summary and Business Overview

Information TechnologyCompany

Gen Digital M&A Summary

Gen Digital has acquired 79 companies, including 3 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 5 assets.

Gen Digital’s largest acquisition to date was in 2004, when it acquired Veritas Technologies for $13.5B. It’s largest disclosed sale occurred in 2019, when it sold Symantec - Enterprise Security Assets to Broadcom for $10.7B. Gen Digital has acquired in 18 different US states, and 11 countries. The Company’s most targeted sectors include software (64%) and information technology (23%).

Gen Digital Business Overview

Where is Gen Digital headquartered?

Gen Digital is headquartered in Tempe, Arizona.

What is Gen Digital’s revenue?

Gen Digital disclosed revenue of 3,812M USD for 2024 and 3,338M USD for 2023.

How many employees does Gen Digital have?

Gen Digital has 2,700 employees.

What sector is Gen Digital in?

Gen Digital is an information technology company.

When was Gen Digital founded?

Gen Digital was founded in 1982.

M&A Summary

  • M&A Total Activity82
    • M&A Buy Activity77
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 20
  • M&A Advisors 14

Gen Digital

Gen Digital, Inc.

60 East Rio Salado Parkway Suite 1000,
Tempe, Arizona 85281
United States,
(650) 527-8000
www.gendigital.com

Gen Digital 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. Gen Digital was founded in 1982 and is based in Tempe, Arizona.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 75 1 1 - - - 77
vol $26.8B $360M $27.1B
Sell (0.0/yr) # 5 - - - - - 5
vol $19.7B $19.7B
  82

Most Recent M&A

Company Date Value Type
Avast Software s.r.o. 2021-08-10 - Merger
Prague, Czech Republic · www.avast.com
Avira Operations GmbH & Co. KG 2020-12-07 360M USD Add-on Acquisition
Tettnang, Germany · www.avira.com
Symantec Corp. - Enterprise Security Assets 2019-08-08 10.7B USD Divestiture
Mountain View, California
Luminate Security Ltd. 2019-02-12 - Add-on Acquisition
Tel Aviv, California · www.luminate.io
Javelin Networks, Inc. 2018-11-05 - Add-on Acquisition
Austin, Texas · www.javelin-networks.com
Appthority 2018-11-05 - Add-on Acquisition
San Francisco, California · www.appthority.com
SurfEasy, Inc. 2017-11-06 - Divestiture
Toronto, Ontario · www.surfeasy.com
Symantec Corp. - Website Security and Related PKI Solutions 2017-08-02 950M USD Divestiture
Mountain View, California
Skycure Ltd. 2017-07-11 - Add-on Acquisition
Tel Aviv, Israel · www.skycure.com
Fireglass 2017-07-06 - Add-on Acquisition
New York, New York · www.fire.glass
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 49 (64%) 4.7B (17%) 2 (40%) 10.8B (55%)
Information Technology 17 (22%) 19.3B (71%) 3 (60%) 9.0B (45%)
Internet Software and Services 7 (9%) 828M (3%) - -
Business Services 2 (3%) - - -
Consumer Services 1 (1%) 2.3B (8%) - -
Safety/Security 1 (1%) - - -
Total 77 $27.1B 5 $19.7B

By Geo

State/Country Buy Value Sell Value
United States 60 25.4B 5 19.7B
  California 20 20.2B 4 19.7B
  Vermont 5 184M - -
  Massachusetts 5 140M - -
  Texas 4 256M - -
  Maryland 3 982M - -
  Utah 2 980M - -
  New York 2 36M - -
  Arizona 1 2.3B 1 80M
  Washington 1 - - -
  Pennsylvania 1 28M - -
  Oregon 1 60M - -
  Ohio 1 3M - -
  Montana 1 - - -
  Illinois 1 - - -
  Georgia 1 - - -
  Florida 1 20M - -
  District of Columbia 1 124M - -
United Kingdom 4 695M - -
Australia 2 262M - -
Canada 2 378M - -
  Ontario 2 378M - -
Germany 2 360M - -
Israel 2 - - -
  California 1 - - -
China 1 - - -
Czech Republic 1 - - -
Denmark 1 - - -
New Zealand 1 28M - -
Spain 1 25M - -
Domestic 60 (78%) 25.4B (94%) 5 (100%) 19.7B (100%)
Cross-border 17 (22%) 1.7B (6%) - -
Total 77 $27.1B 5 $19.7B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 3
BofA Securities
 3
Barclays Investment Bank
 2
Legal Deals
Fenwick & West
 5
Simpson Thacher & Bartlett
 2
Kirkland & Ellis
 1

Deal Values

buy # Total
> $1B 3 $20.5B
$100M to $1B 16 $5.8B
< $100M 25 $876M
TOTAL $27.1B
Largest Veritas Technologies LLC
$13.5B (2004-12-17)
sell # Total
> $1B 2 $18.7B
$100M to $1B 1 $950M
< $100M 1 $80M
TOTAL $19.7B
Largest Symantec Corp. - Enterprise Security Assets
$10.7B (2019-08-08)

M&A Connections

Deals
Acquired from
Investor(s)
14%
11 (14%)
Strategic(s)
3%
2 (3%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

Company Summary

SECTOR

Information Technology

Revenue

3,812   15% 2024
3,338   20% 2023
2,796   10% 2022
2,551   3% 2021
2,490   48% 2020
4,731   3% 2019
4,834   21% 2018
4,019   12% 2017
3,600   45% 2016
6,508   3% 2015
6,676   4% 2014
6,906   2013
(millions of USD) Show More Show Less

Employees

2,700

Established

1982

Public

NASDAQ: NLOK

Former Name

Symantec Corp., NortonLifeLock, Inc.

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