In August, it bought Blue Coat Inc, which helps firms maintain security over the internet, in a $4.65 billion deal. Symantec’s purchase of LifeLock is in line with its efforts to diversify its offerings. Reuters was first to report earlier on Sunday that Symantec was in the lead to acquire LifeLock. This acquisition brings $660 million in revenue to the consumer business and returns it to longer sustainable growth,” Symantec Chief Executive Greg Clark said in an interview. “(Norton) had been declining with the declines in PC market share. While Norton remains profitable, its sales have been falling.
As a result, the company has suffered as consumers use mobile devices more than traditional computers. Symantec’s security software often comes bundled with personal computers. The Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, U.S.
0 kommentar(er)
