Joint Venture • Information Technology

Huawei and Gen Digital Acquire Huawei Symantec Technologies Co.

On February 5, 2008, Huawei and Gen Digital acquired information technology company Huawei Symantec Technologies Co.

Acquisition Context
  • This is Huawei’s 1st and Gen Digital’s 12th transaction in the Information Technology sector.
  • This is Huawei’s 1st and Gen Digital’s 1st transaction in China.

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M&A Deal Summary

Date February 5, 2008
Target Huawei Symantec Technologies Co.
Sector Information Technology
Buyer(s) Huawei
Gen Digital
Deal Type Joint Venture

Target Company

Huawei Symantec Technologies Co.

Chengdu, China
Huawei Symantec was a producer of network security, storage and computing services. It was formed as a joint venture between Huawei and Symantec in 2008.
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Buyers Overview 2

Buyer

Huawei

Shenzhen, China

Category Company
Founded 1987
Sector Technology Hardware
Employees140,000
DESCRIPTION
Huawei office in Dubai, United Arab Emirates.
Huawei office in Dubai, United Arab Emirates.

Huawei is a designer and producer of networking and telecommunications equipment and services. The Company also produces cell phones and other consumer-oriented technology and products. Huawei was established in 1987 and is based in Shenzhen, China.


Deal Context for Buyer #
Overall 2 of 7
Sector: Information Technology 1 of 2
Type: Joint Venture 2 of 3
Country: China 1 of 2
Year: 2008 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-17 Huawei-3Com Co.

United States

Huawei-3Com Co., Ltd. is a producer of LAN switch and router products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-19 Huawei Marine Networks Co.

Tianjin, China

Huawei Marine Networks Co. Ltd. provides cost-effective turnkey submarine cable system solutions incorporating system design, integration and installation services with an on-going focus and commitment to customer support for network operators. Huawei Marine Networks Co. Ltd. was founded in 2008 and is based in Tianjin, China.

Buy -
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 50 of 78
Sector: Information Technology 12 of 17
Type: Joint Venture 1 of 1
Country: China 1 of 1
Year: 2008 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 Transparent Logic Technologies

Norfolk, Vermont, United States

TransparentLogic, also known as T-Logic. Transparent Logic’s technology supports workflow and business process automation., which extends Symantec's systems management products and solutions.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-06 SwapDrive

Washington, District of Columbia, United States

SwapDrive, a privately-held online storage company. With the explosion of digital information – photos, music, videos – consumers have more files on their computers than ever before. Adding SwapDrive’s technology to the Norton portfolio gives consumers access to a world-class tool to help secure and manage their information.

Buy $124M