Company:Huawei Symantec
 To build a harmonious information world | |
Native name | 华为赛门铁克科技有限公司 |
|---|---|
| Type | Joint venture |
| Industry | Information Technology |
| Fate | Symantec's stake acquired by Huawei |
| Founded | February 2008 |
| Defunct | March 2012 |
| Headquarters | Chengdu , |
Key people | Chairman Ren Zhengfei, CEO Tad Lebeck, CTO |
| Owners | Huawei (51%) Symantec (49%) |
Huawei Symantec Technologies Co. Ltd. (Chinese: 华为赛门铁克科技有限公司; pinyin: Huáwéi Sàiméntiěkè Kējì Yǒuxiàn Gōngsī) was a developer, producer and supplier of network security, storage and computing solutions. The joint venture was disbanded in March 2012 [1][2] when Symantec sold its share in the company to Huawei, which is headquartered in Chengdu, China .[3][4] Huawei originally owned 51% of the company, while Symantec owned 49%.
Huawei is a Chinese-based company, while Symantec Corporation (NASDAQ: SYMC) is a US-based corporation headquartered in Mountain View, California.[5]
History
- 2000: Huawei started R&D in the security technology field; Symantec is a provider of antivirus and security software
- 2004: Huawei started R&D in storage technology field
- 2005: Symantec acquires Veritas Software, manufacturer of Information Lifecycle Management software
- 2007 (May): Huawei and Symantec sign an agreement for the establishment of a joint venture in order to provide end-to-end solutions in the domain of converging network, security, and storage and computing technologies.[6]
- 2008 (February): Huawei Symantec was established.
- 2012 (March): Huawei acquires the 49% of shares held by the Symantec Corporation at a price of about 530 million U.S. dollars or 3.4 billion yuan.
Technological convergence and R&D
Huawei Symantec is a holder of more than 300 patents in storage and network security field, and about 30 of them were accepted as formal technological standards.[7] Huawei Symantec's technologists participate in various standardization organizations, including holding chair and vice-chair posts.[8] More than 50% of employees are engaged in research and development activities with labs located in Beijing, Shenzhen, Hangzhou in China , and in India .[9]
Acquisition by Huawei
On November 14, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei acquired Symantec's 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for US$530 million.[10] Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.
References
- ↑ "Huawei – Symantec, broken join venture and the fear on chinese firms". http://securityaffairs.co/wordpress/3666/intelligence/huawei-symantec-broken-join-venture-and-the-fear-on-chinese-firms.html.
- ↑ Perlroth, Nicole; Markoff, John (2012-03-26). "Symantec Dissolves a Chinese Alliance". The New York Times. https://www.nytimes.com/2012/03/27/technology/symantec-dissolves-alliance-with-huawei-of-china.html?_r=1&.
- ↑ Jander, Mary (2007-05-23). "Huawei & Symantec Make It Official". Byte and Switch. http://www.byteandswitch.com/document.asp?doc_id=124680.
- ↑ "Contact Us – Huawei Symantec". Huawei Symantec. http://www.huaweisymantec.com/en/contact.do.
- ↑ "Huawei, Symantec joint venture gets EU go-ahead". Xinhua News Agency. 2007-12-21. http://www.china.org.cn/english/business/236487.htm.
- ↑ Tan, Lynn (2007-05-22). "Huawei, Symantec forge joint venture". ZDNet (CBS Interactive). http://www.zdnetasia.com/news/communications/0,39044192,62014933,00.htm.
- ↑ Xinchun, Peng. "Huawei Symantec: A Pilot of Storage and Network Security Solutions in the Information Era". Huawei Symantec. http://www.huaweisymantec.com/en/pub/issue/simpleres.do?id=1076&type=abouthw.
- ↑ "Corporate Briefing Of Huawei Symantec (2008)". Huawei Symantec. 2008. http://www.slideshare.net/sansernl/corporate-briefing-of-huawei-symantec-2008-presentation.
- ↑ "Huawei Symantec Overview". Huawei Symantec. http://www.huaweisymantec.com/en/intr.do.
- ↑ "Huawei Acquires Symantec Stake in Huawei Symantec Joint Venture". Symantec. http://www.symantec.com/about/news/release/article.jsp?prid=20111114_03.
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