Tag Archives: Symantec

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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Dave Cole Joins Tenable Network Security as Chief Product Officer

Dave Cole, former chief product officer at cybersecurity firm CrowdStrike, has been appointed to the same role at Columbia, Maryland-based security monitoring technology developer Tenable Network Security. He previously led CrowdStrike’s efforts to design and develop cloud-based endpoint security technology,  Tenable Network Security said Monday. Before that, he managed the Norton antivirus software product at …

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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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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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