Huawei Symantec

Huawei Symantec Technologies Co., Ltd. was a developer, producer and supplier of network security, storage and computing solutions
The joint venture, owned 51% by Huawei and 49% by Symantec, was headquartered in Chengdu, China.

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 : 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.
2008 : Huawei Symantec was established.
2012 : 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. Huawei Symantec's technologists participate in various standardization organizations, including holding chair and vice-chair posts. More than 50% of employees are engaged in research and development activities with labs located in Beijing, Shenzhen, Hangzhou in China, and in India.

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. for US$530 million. Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.

Huawei Symantec

History

Technological convergence and R&D

Acquisition by Huawei