Wednesday, January 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. ITC Begins Patent Probe of GPU, DDR Memory Controllers
U.S. To Investigate Whether Fujifilm Violated Sony Magnetic Tape Patents
Mozilla Unveils New Logo, Brand Identity
Samsung Bribery Case May Trigger U.S. Legal Authorities Too
Updated Google App For Android Will Save Results If Your Connection Is Bad
Chip Gear-Maker ASML Offers Positive Sales Forecast
Samsung's Exynos Processors Selected For Audi's In-Vehicle Infotainment
FTC Charges Qualcomm With Monopolizing Semiconductor Device Used in Cell Phones
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Huawei ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 15, 2011
Huawei Acquires Symantec's Stake In JV


Huawei Technologies Co., Ltd. and Symantec Corp. today announced an agreement on a transaction where Huawei will acquire Symantec's 49 percent stake in Huawei Symantec Technologies Co., Ltd. for USD 530 million. Upon closing, the agreement will give Huawei full ownership of Huawei Symantec.

Huawei Symantec is a Hong Kong-based joint venture established by Huawei and Symantec in 2008.The company provides security, storage and systems management solutions. Huawei and Symantec have mutually agreed that the next stage of growth for the joint venture would benefit from the direction of a single owner.

"I am thrilled that Huawei Symantec will become a key pillar of Huawei's ICT solutions. The integration of Huawei Symantec's innovative security and storage technology with Huawei's enterprise products will reinforce Huawei's leading position in cloud computing," said Guo Ping, Deputy Chairman of Huawei. "Huawei Symantec has achieved tremendous success in the past four years, having built a portfolio of products and solutions that are widely recognized by our customers and business partners. Looking ahead, Huawei will continue to increase investment in Huawei Symantec, reaffirming its commitment to customers."

"Symantec achieved the objectives we set four years ago and exited the joint venture with a good return on our investment, increased penetration into China and a growing appliance business," said Enrique Salem, president and chief executive officer, Symantec. "Today, China is one of Symantec's fastest growing markets. It has grown 46 percent over the last three fiscal years. We remain committed to ongoing investment in China as well as building additional relationships in the region. Expertise gained from this endeavor has also led to our growing appliance business that provides our customers the additional choice of Symantec market leading security and storage software in an easy to deploy appliance."

The agreement is subject to regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2012.


Previous
Next
LG Adds Features To Optimus 3D With Gingerbread Upgrade        All News        INCJ, Hitachi, Sony To Merge Their Small- and Medium-Sized Display Businesses
RealPlayer Goes Social     General Computing News      Security Updates And Windows 8 Restarts

Get RSS feed Easy Print E-Mail this Message

Related News
Huawei Mate 9 Smartphone Lands in the U.S.
Huawei Honor 6x Released At CES
Huawei Achieves Breakthrough In Graphene-assisted High Temperature Li-ion Batteries
Chinese Companies Eye Investments In OLED Panels
Huawei Becomes The Most Profitable Android Smartphone Supplier
Symantec to Buy LifeLock for $2.3 Billion to Form Digital Safety Platform
Chinese Smartphone Vendors Enjoyed Increased Sales in the Third Quarter of 2016
New Huawei Mate 9 Features Kirin 960, 5.9in FHD And Daydream VR
Huawei's Fit Tracker Supports Continuous Heart Rate Tracking
Huawei Announces The Kirin 960 Mobile SoC
Huawei Debuts New nova Series of Smartphones And MediaPad M3 Tablet At IFA
Huawei To Announce Flagship Honor 8 Smartphone This Month, Threatens Samsung

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .