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Tag Archives: Symantec

FireEye Revamps Leadership Team; David DeWalt Comments

FireEye (Nasdaq: FEYE) has appointed Chairman and CEO David DeWalt as executive chairman of the board and President Kevin Mandia as the new CEO in a move to revamp the company’s leadership team. The company said Thursday that Travis Reese, president of the Mandiant subsidiary, has been named president of FireEye, …

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Raytheon-Vista JV Forcepoint Appoints Matthew Moynahan as CEO

Forcepoint, a cybersecurity product joint venture of Raytheon (NYSE: RTN) and Vista Equity Partners, has appointed Matthew Moynahan as CEO effective May 9. Forcepoint said Wednesday Moynahan will bring 20 years of experience in information technology, cloud services and security intelligence, as well as a background in sales and management. Moynahan will succeed …

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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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Informatica Makes Leadership Appointments, Names Anil Chakravarthy Full-Time CEO

Informatica has made several appointments to leadership roles within the company. Anil Chakravarthy, acting CEO of Informatica since August 2015, has been appointed to the chief executive role on a full-time basis by the company’s board of directors, the company said Tuesday. Chakravarthy has led the company’s efforts to grow in …

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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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DLT Appoints New CTO, VPs in Series of Exec Moves; Alan Marc Smith Comments

DLT Solutions has made a series of leadership changes that aims to help meet the demand of government clients for cloud, big data, development operations and cybersecurity platforms. “The recent DLT executive appointments are just one of several investments we made this year to continue to make government IT procurement …

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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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Zulfikar Ramzan Joins RSA as CTO; Amit Yoran Comments

Zulfikar Ramzan, formerly chief technology officer at Elastica, has joined EMC’s (NYSE: EMC) RSA security division as CTO. Ramzan will oversee the development of RSA’s technology strategy, with focus on providing customers with technologies to counter threats, RSA said Tuesday. Amit Yoran, president of RSA (a 2015 Wash100 recipient), said …

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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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