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// Workers AI · dad joke modeWhy did Gen Digital's data go to therapy? It had a lot of merged emotions.

From Wikipedia, the free encyclopedia
(Redirected from SurfEasy)

Gen Digital co-headquarters in Tempe, Arizona
Gen Digital co-headquarters at the Enterprise Office Center building in Prague, Czech Republic

Gen Digital, formerly known as Symantec and NortonLifeLock, is a multinational computer software company founded on March 1, 1982.[1] It is an international corporation that specializes in selling security and information management software.[2] Gary Hendrix founded the company in 1982 with the help of a National Science Foundation grant. Symantec was originally focused on artificial intelligence-related projects, and Hendrix hired several Stanford University natural language processing researchers as the company's first employees.[3] After the company's initial public offering in 1989, Hendrix left the company in 1991 and moved to Texas.[4] The company has acquired 57 companies, purchased stakes in 2 firms, and divested 26 companies, in which parts of the company are sold to another company. Of the companies that Symantec has acquired, 50 were based in the United States. Symantec has not released the financial details for most of these mergers and acquisitions.

Symantec's first acquisition was C&E Software on January 1, 1984, and the founder of C&E Software, Gordon Eubanks, became the new chief executive officer of Symantec.[5] The company has made five acquisitions with a value greater than $1 billion: LifeLock was acquired on Feb 9, 2017 for $2.3 billion, Blue Coat Systems was acquired on Aug 1, 2016 for $4.65 billion, VeriSign was acquired on May 19, 2010, for $1.250 billion, Altiris was acquired on April 6, 2007, for $1.038 billion, and Symantec purchased Veritas Software on July 2, 2005, for $13 billion. The deal with Veritas was Symantec's largest acquisition and made Symantec the fifth-largest software company in the world.[6] Symantec made the most acquisitions in 2004 with six: ON Technology, Brightmail, TurnTide, @stake, LIRIC Associates, and Platform Logic. The company divested its enterprise-security software business to Broadcom for $10.7 billion in 2019 and adopted the NortonLifeLock name.[7] On November 7, 2022, NortonLifeLock rebranded to Gen Digital after completed its merger with Avast in last September.[8]

Acquisitions

[edit]

Investments

[edit]
Date Company Business Country Value (USD) Adjusted (USD) References
May 27, 2010 Mocana Security United States N/A N/A [111]

Stakes

[edit]
Date Company Business Country Value (USD) Adjusted (USD) References
July 24, 2000 Brightmail[note 8] Anti-spam software  United States $18,000,000 $34,000,000 [112]
February 5, 2008 Huawei Tech Co Ltd-Telecom[note 9] Telecommunications  China $150,000,000 $224,000,000 [113]

Divestitures

[edit]
Date Acquirer Target company Target business Acquirer country Value (USD) Adjusted (USD) References
March 28, 1989 NMB Seagate Technology-Composite Recording heads  United States [114]
November 30, 1989 Carolian Systems International Delrina[note 10] Software  United States [115]
May 15, 1990 IBM Delrina[note 11] Software  United States $1,900,000 $5,000,000 [116]
August 13, 1991 Zortech Symantec[note 12] Software  United Kingdom [117]
October 30, 1991 Read-Rite Conner Peripherals-Film Ops Computer disk film  United States [118]
November 11, 1991 [note 13] Delrina Software $4,000,000 $9,000,000 [119]
February 15, 1993 RR Donnelley Norwest Central Point Software In-house manufacturing  United States [120]
May 27, 1993 Overland Data Conner Peripherals Inc-Cipher Cipher tape drive  United States $9,000,000 $20,000,000 [121]
October 18, 1993 DOVatron International Conner Periph SG-Surf Asm Elec Disk drives  United States [122]
March 31, 1995 CenterLine Software Veritas Software Corp-Vista Software tools  United States [123]
September 28, 1995 Quarterdeck Office Systems StarNine Internet services provider  United States $12,470,000 $26,000,000 [124]
November 27, 1995 Investor Group Time Line Solutions Computer-based management  United States [125]
March 11, 1996 Creative Wonders Delrina Computer software  United States [126]
September 10, 1996 JetForm Delrina Corp-Electronic Forms Database software  Canada $100,000,000 $205,000,000 [127]
November 14, 1997 Elron Electronic Industries ON Technology-Network Mgmt Network management software  United States $13,500,000 $27,000,000 [128]
November 30, 1997 Elron Software ON Technology Corp-Network Network security software  United States $13,500,000 $27,000,000 [129]
January 14, 1998 Platinum Equity StarNine Technologies Internet services provider  United States [130]
December 31, 1999 SalesLogix Symantec Corp-ACT! Software Information management  United States $85,787,000 $166,000,000 [131]
June 9, 2000 Seagate Technology Seagate Software Wholesale software  United States [132]
November 22, 2000 Investor Group Seagate Technology-Disk-Drive Disk drives and storage devices  United States $2×10^9 $3,739,000,000 [133]
November 30, 2000 Black Box Corporation Intec Systems Mobile computing  United States [134]
December 18, 2002 Sonic Solutions Veritas-Desktop, Mobile Div Software  United States $9,200,000 $16,000,000 [135]
May 10, 2004 TechTarget myITforum Web portal  United States [136]
January 31, 2006 Symantec[note 14] Symantec Internet software  United States $1×10^9 $1,597,000,000 [137]
March 10, 2008 Vector Capital Symantec Corp-Application Internet software  United States [138]
July 8, 2008 Electronic Evidence Discovery Daticon Litigation software  United States [139]
January 30, 2016 The Carlyle Group Veritas Technologies data management software  United States [140]

[141]

November 4, 2019 Broadcom Symantec enterprise security enterprise security  United States $1.07×10^10 $13,474,000,000 [142]

Notes

[edit]
  1. NetDistributor was acquired from Trik.
  2. Trik-Distributor Mgmt Utility was acquired from Trik.
  3. DataEase Intl Inc-Cert Tech was acquired from DataEase International.
  4. Eastman Software-Storage Mgmt was acquired from eiStream.
  5. Intel Corp-Anti Virus Business was acquired from Intel Corporation.
  6. L-3 Commun Network Security was acquired from L-3 Communications.
  7. Roxio-Goback Sys Recovery Ast was acquired from Napster.
  8. Symantec acquired an 11% stake in Brightmail.
  9. Huawei Tech Co Ltd-Telecom is owned by Huawei Technologies.
  10. Carolian Systems International acquired a 51.5% interest in Delrina.
  11. IBM acquired an 11% stake in Delrina.
  12. Zortech acquired 238,095 common shares of Symantec.
  13. A minority stake of Delrina was acquired by an undisclosed acquiror.
  14. Symantec repurchased the company's common stock outstanding in open market or privately negotiated transactions.

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