SEG Sector Deals: Symantec’s Cyber Security Buying Spree

Symantec, leading provider of security, storage and systems management solutions, has exhibited strong buying behavior during 2017 as it has made three tuck-in acquisitions since June 1st: Watchful Software, Fireglass, and Skycure. These deals enhance Symantec’s Integrated Cyber Defence Platform and follow a trend of cyber security acquisitions over the past year.

The acquisition of Watchful Software, provider of data-centric information security solutions, will contribute to Symantec’s Data Loss Prevention (DLP) group. Skycure allows Symantec to offer enhanced mobile threat solutions and further enable corporations to better address the growing needs of workforce mobility. Fireglass was acquired for its browser isolation technology, which uses a process of moving browsers out of the network to prevent viruses from reaching user endpoints. Symantec plans to use this technology to strengthen their web and email protection solutions.

These deals follow major security acquisitions by Semantic within the last year, including: Lifelock ($2.5B, 3.6x EV/TTM Revenue) and BlueCoat ($4.9B, 7.9x EV/TTM Revenue). 

Seller Business Descriptions:

Skycure develops enterprise mobile threat defense solutions. HQ: Tel Aviv, Israel See Press Release

Fireglass develops and offers cyber security solutions. HQ: New York,  NY  See Press Release

Watchful Software provides data-centric information security solutions. HQ: Coimbra, Portugal Read More

Buyer Business Description:

Symantec provides security, storage, and systems management solutions. HQ: Mountain View, CA