M&A Deal Summary

Gen Digital Acquires Binary Research

On June 24, 1998, Gen Digital acquired software company Binary Research for 28M USD

Acquisition Highlights
  • This is Gen Digital’s 16th transaction in the Software sector.
  • This is Gen Digital’s 32nd largest (disclosed) transaction.
  • This is Gen Digital’s 1st transaction in New Zealand.

M&A Deal Summary

Date 1998-06-24
Target Binary Research
Sector Software
Buyer(s) Gen Digital
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Binary Research

New Zealand
Binary Research Ltd. provides disk cloning technology services.

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Buyer(S) 1

Buyer

Gen Digital

Tempe, Arizona, United States

Category Company
Founded 1982
Sector Information Technology
Employees3,400
Revenue 3.8B USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 18 of 78
Sector: Software M&A 16 of 49
Type: Add-on Acquisition M&A Deals 18 of 73
Country: New Zealand M&A 1 of 1
Year: 1998 M&A 1 of 2
Size (of disclosed) 32 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-03-05 Track

Germantown, Maryland, United States

Track, Inc., a Germantown, Maryland-based company that specializes in providing industry-leading server and device management solutions.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-15 Quarterdeck

Marina del Rey, California, United States

Quarterdeck Corporation, incorporated in 1982, is a global provider in the development and marketing of PC helpware - software designed to prevent and solve PC performance problems. Quarterdeck's product line addresses storage management, system conflict resolution, virus protection, system updating, and enhanced access to networked information and communications resources

Buy $65M