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AT&T, IBM, Symantec, Nokia, Palo Alto, Trustonic Form IoT Cybersecurity Alliance

TYSONS CORNER, VA, Feb. 10, 2017 — Six technology companies have formed an alliance that aims to promote awareness, drive collaboration and advance technology development on internet of things security, ExecutiveBiz reported Thursday. AT&T (NYSE: T) said Wednesday it is part of the IoT Cybersecurity Alliance that also includes IBM (NYSE: IBM), …

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Blue Coat’s Nick Noviello to Serve as CFO, Executive VP at Symantec; Greg Clark Comments

Nick Noviello, formerly chief financial officer at Blue Coat, has been appointed executive vice president and CFO at Symantec (Nasdaq: SYMC). Noviello will succeed the departing CFO Thomas Seifert on Dec. 1 and will continue to report to CEO Greg Clark, Symantec said Thursday. Seifert, who has been CFO since …

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Symantec’s Robert Potter: Agencies Should Address Security Gaps Through Cyber Resilience

Robert Potter, vice president of Americas sales at Symantec (Nasdaq: SYMC), has said that government agencies should develop cyber resilience plans in an effort to mitigate problems and address security gaps associated with the integration of new technology platforms into the infrastructure. Potter wrote that agencies should start addressing such …

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Blue Coat’s Michael Fey to Join Symantec as President, COO; Dan Schulman Comments

Michael Fey, president and chief operating officer at Sunnyvale, California-based security and network technology provider Blue Coat, will serve in the same roles at Symantec (Nasdaq: SYMC) upon completion of the latter company’s acquisition of Blue Coat. Symantec said Monday Fey will report to the incoming Symantec CEO Greg Clark, formerly CEO of …

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Symantec to Buy Web Security Firm Blue Coat for $4.65B; Dan Schulman Comments

Symantec (Nasdaq: SYMC) has agreed to purchase Sunnyvale, California-based security and network technology provider Blue Coat Inc. for approximately $4.65 billion cash in an effort to help protect government and enterprise customers from cybersecurity threats. Greg Clark, CEO of Blue Coat, will take the helm at Symantec as CEO as well as …

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Symantec Closes $5.3B Veritas Sale to Carlyle Group; Michael Brown Comments

A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec’s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec …

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Symantec, Carlyle Group Modify Proposed Veritas Deal’s Value, Terms

The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec president and CEO, …

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Symantec Sets Jan. 29 Close for $8B Veritas Sale to Carlyle Group

The Carlyle Group (Nasdaq: CG) is set to conclude its potential $8 billion acquisition of Veritas from Symantec (Nasdaq: SYMC) on Jan. 29 after the closing conditions are met. Bill Coleman, formerly a partner at venture capital firm Alsop Louie Partners, will serve as CEO of Veritas upon the deal’s close, …

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Reports: Symantec Talks Potential Veritas Sale to Carlyle Group for $8B

Symantec (Nasdaq: SYMC) and private equity firm Carlyle Group are discussing the potential $7 billion to $8 billion sale of the former’s Veritas data storage business unit, Bloomberg reported Wednesday. Alex Sherman, Kiel Porter and Jordan Robertson write that negotiations on the potential deal’s terms are still underway. Sources told Bloomberg that interested …

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Report: Symantec to Acquire Tech Rights of Boeing’s Cybersecurity Business Narus

Symantec (NASDAQ: SYMC) has agreed to purchase technology rights from Boeing‘s (NYSE: BA) Narus subsidiary as Symantec looks to grow its presence in the commercial cybersecurity market, the Wall Street Journal reported Monday. Danny Yadron and Doug Cameron write Symantec aims to leverage a Narus-made Internet filter technology to help …

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