Symantec Mergers and Acquisitions Summary

Information Technology Company

Symantec has acquired 77 companies, including 8 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 5 assets.

Symantec’s largest acquisition to date was in 2004, when it acquired VERITAS Software for $13.5B. It’s largest disclosed sale occurred in 2019, when it sold Symantec - Enterprise Security Assets to Broadcom for $10.7B. Symantec has acquired in 18 different US states, and 10 countries. The Company’s most targeted sectors include software (64%) and information technology (22%).

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M&A Summary

  • M&A Total Activity80
    • M&A Buy Activity75
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 19
  • M&A Advisors 11

Symantec Corp.

350 Ellis Street,
Mountain View, California 94043
United States,
(650) 527-8000
www.symantec.com

Symantec is a global provider of security, backup and availability solutions. The Company's products and services protect people and information in any digital environment, including mobile devices, enterprise data centers, and cloud-based systems. Symantec's software and services protect against advanced threats independent of the device and environment in which information is used or stored. Symantec was formed in 1982 and is based in Mountain View, California.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.6/yr) # 67 2 3 2 1 - 75
vol $19.8B $7.0B $26.8B
Sell (0.4/yr) # 3 - 1 - 1 - 5
vol $8.1B $950M $10.7B $19.7B
  80

Most Recent M&A

Company Date Value Type
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 Add-on Acquisition
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
LifeLock, Inc. 2016-11-20 2.3B USD Add-on Acquisition
Tempe, Arizona · www.lifelock.com
Blue Coat Systems, Inc. 2016-06-12 4.7B USD Add-on Acquisition
Sunnyvale, California · www.bluecoat.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 48 (64%) 17.8B (67%) 3 (60%) 18.8B (95%)
Information Technology 16 (21%) 5.8B (22%) 2 (40%) 950M (5%)
Internet Software and Services 7 (9%) 828M (3%) - -
Business Services 2 (3%) - - -
Consumer Services 1 (1%) 2.3B (9%) - -
Safety/Security 1 (1%) - - -
Total 75 $26.8B 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 - -
Israel 2 - - -
  California 1 - - -
China 1 - - -
Denmark 1 - - -
Germany 1 - - -
New Zealand 1 28M - -
Spain 1 25M - -
Domestic 60 (80%) 25.4B (95%) 5 (100%) 19.7B (100%)
Cross-border 15 (20%) 1.4B (5%) - -
Total 75 $26.8B 5 $19.7B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch
3
J.P. Morgan Securities LLC
3
Barclays Investment Bank
2
Legal Deals
Fenwick & West LLP
5
Simpson Thacher & Bartlett LLP
2

Deal Values

buy # Total
> $1B 3 $20.5B
$100M to $1B 15 $5.4B
< $100M 25 $876M
TOTAL $26.8B
Largest VERITAS Software Corp.
$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
PE Firm(s)
86%
12 86%
Strategic(s)
14%
2 14%
Divested to
PE Firm(s)
33%
2 33%
Strategic(s)
67%
4 67%

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