Add-on Acquisition • Information Technology

Gen Digital Acquires Nexland

On July 18, 2003, Gen Digital acquired information technology company Nexland for 20M USD

Acquisition Context
  • This is Gen Digital’s 5th transaction in the Information Technology sector.
  • This is Gen Digital’s 39th largest (disclosed) transaction.
  • This is Gen Digital’s 24th transaction in the United States.
  • This is Gen Digital’s 1st transaction in Florida.

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M&A Deal Summary

Date July 18, 2003
Target Nexland
Sector Information Technology
Buyer(s) Gen Digital
Deal Type Add-on Acquisition
Deal Value 20M USD

Target Company

Nexland

Miami, Florida, United States
Nexland, Inc. is provides intenet IT related services.
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Buyer Overview 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 Context for Buyer #
Overall 28 of 78
Sector: Information Technology 5 of 17
Type: Add-on Acquisition 27 of 73
State: Florida 1 of 1
Country: United States 24 of 61
Year: 2003 1 of 3
Size (of disclosed) 39 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-17 Riptech

Alexandria, Vermont, United States

Riptech, Inc.,is a provider of scalable, real-time managed security services, protects clients through advanced outsourced security monitoring and professional services. Riptech's unique Caltarian technology platform provides real-time information protection through around-the-clock monitoring, analysis and response.

Buy $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-20 SafeWeb

United States

SafeWeb, Inc., is a provider of SSL VPN appliances.

Buy $26M