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Application Security

12/9/2019
11:30 AM
Kelly Sheridan
Kelly Sheridan
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10 Notable Cybersecurity Acquisitions of 2019, Part 2

As mergers and acquisitions continued to shape the security industry throughout 2019, these deals were most significant.
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Broadcom Snaps Up Symantec

Broadcom confirmed plans to acquire Symantec Enterprise Security for $10.7 billion in an all-cash transaction expected to close in the first quarter of its 2020 fiscal year.

Symantec's enterprise security portfolio, which has product lines across endpoint security, Web security services, cloud security, and data loss prevention, will be deployed through Broadcom's channels. In doing so, its new parent company aims to strengthen its differentiated portfolio license agreement strategy for customers. At the time it was announced, the deal was expected to drive more than $2 billion in sustainable, incremental, run-rate revenue for Broadcom.

Pollard describes this transaction as an example of enterprise players trying to move into the cybersecurity space. Broadcom is a traditional enterprise hardware company; acquiring Symantec brings security software and services into its portfolio.

This acquisition also stood out for its value, which Pollard notes is another consistent trend throughout the second half of 2019. While the number of deals stayed relatively constant, the past six months have brought a handful of transactions with higher overall value.

(Image: Broadcom)

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