Symantec has expanded its portfolio by acquiring identity protection firm LifeLock with a $2.3 billion dip into its pockets. Since Symantec divested itself of Veritas at a loss to the Carlyle Group in 2015, it has been looking to move into new markets. It acquired Blue Coat in August for $4.65 billion, a move that was seen to enhance its enterprise offerings.
Articles Tagged with acquisition
As the business relationship between Citrix and Microsoft continues to flourish, it raises the question of whether the two will eventually tie the knot. Rumors of an acquisition have circulated on and off througout Citrix’s entire history, but could 2017 be the year that it finally happens?
Yesterday, after many worries—some regulatory (Would the EU sanction the deal? Would China sanction the deal?), some legal (Were the financial instruments being used to finance the deal unlawful under the US tax code?)—the biggest IT merger ever in terms of monetary value finally occurred. This is one of those landmark occasions. Two of the biggest names in our industry, Dell and EMC2, have merged to become Dell Technologies.