Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Perimeter

6/14/2016
11:45 AM
50%
50%

Symantec To Spend $4.65 Billion On Blue Coat

Deal will reportedly make company the world's largest enterprise security business by revenues, but some in infosec industry are concerned.

Antivirus firm Symantec has announced plans to buy Blue Coat Systems which is a provider of security and networking solutions, say reports on Forbes and Financial Times. The buying price is fixed at $4.65 billion and Blue Coat CEO Greg Clark will take over as chief executive at Symantec.

This deal will reportedly make Symantec the world’s largest enterprise security business by revenues.

Bain Capital, which bought Blue Coat last year, will invest $750 million in Symantec while private firm Silver Lake has announced $500 million investment in the company, reports say. As part of the deal, Bain managing director David Humphrey will join Symantec’s board.

Promising to make Symantec fit and competitive, Clark has said the tie-up will result in $150 million of annual net cost savings, reports FT. Symantec’s revenue for the fourth quarter in May was down 6% year-on-year, reports Forbes, and earlier this year it sold its Veritas division for $7.4 billion, down $1 billion from its agreed price.

However, some in the information security industry have raised concerns that there may be a conflict of interest, because Symantec provides SSL certificates and Blue Coat provides man-in-the middle SSL inspection technologies.  

Read more details on the deal at Forbes and Financial Times.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
7 Old IT Things Every New InfoSec Pro Should Know
Joan Goodchild, Staff Editor,  4/20/2021
News
Cloud-Native Businesses Struggle With Security
Robert Lemos, Contributing Writer,  5/6/2021
Commentary
Defending Against Web Scraping Attacks
Rob Simon, Principal Security Consultant at TrustedSec,  5/7/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-29040
PUBLISHED: 2021-05-16
The JSON web services in Liferay Portal 7.3.4 and earlier, and Liferay DXP 7.0 before fix pack 97, 7.1 before fix pack 20 and 7.2 before fix pack 10 may provide overly verbose error messages, which allows remote attackers to use the contents of error messages to help launch another, more focused att...
CVE-2021-29041
PUBLISHED: 2021-05-16
Denial-of-service (DoS) vulnerability in the Multi-Factor Authentication module in Liferay DXP 7.3 before fix pack 1 allows remote authenticated attackers to prevent any user from authenticating by (1) enabling Time-based One-time password (TOTP) on behalf of the other user or (2) modifying the othe...
CVE-2021-29047
PUBLISHED: 2021-05-16
The SimpleCaptcha implementation in Liferay Portal 7.3.4, 7.3.5 and Liferay DXP 7.3 before fix pack 1 does not invalidate CAPTCHA answers after it is used, which allows remote attackers to repeatedly perform actions protected by a CAPTCHA challenge by reusing the same CAPTCHA answer.
CVE-2021-22668
PUBLISHED: 2021-05-16
Delta Industrial Automation CNCSoft ScreenEditor Versions 1.01.28 (with ScreenEditor Version 1.01.2) and prior are vulnerable to an out-of-bounds read while processing project files, which may allow an attacker to execute arbitrary code.
CVE-2021-29039
PUBLISHED: 2021-05-16
Cross-site scripting (XSS) vulnerability in the Asset module's categories administration page in Liferay Portal 7.3.4 allows remote attackers to inject arbitrary web script or HTML via the site name.