Huawei Symantec

Huawei Symantec Technologies Co., Ltd. was a technology joint venture formed by Huawei Technologies and Symantec Corporation to combine Huawei's telecommunications and networking capabilities with Symantec's security-software expertise. The companies agreed in May 2007 to establish the venture, which was formally created in February 2008. Huawei held 51% and Symantec held 49%. Its headquarters were in Chengdu, China. The venture was designed around the convergence of network infrastructure, information security, storage, and computing. Its portfolio addressed enterprise and telecommunications customers requiring integrated systems rather than isolated security or storage products. The business developed and supplied network-security equipment, storage systems, and related computing solutions. Its work reflected the technology industry's movement toward combining data protection, storage management, network control, and infrastructure hardware in unified platforms. Huawei's contribution was supported by earlier research activity in security, beginning in 2000, and storage, beginning in 2004. Symantec brought experience in antivirus and information-security software, together with capabilities associated with Veritas Software, which Symantec acquired in 2005. The resulting company operated research facilities in Beijing, Shenzhen, Hangzhou, and India. Reference material describes more than half of its employees as working in research and development and attributes more than 300 storage and network-security patents to the organization, with approximately 30 accepted as formal technological standards. Its specialists also participated in standards organizations, including leadership roles such as chair and vice-chair positions. The joint venture ended as a jointly owned company when Huawei agreed in November 2011 to purchase Symantec's 49% interest. The transaction closed in March 2012 for approximately US$530 million, also reported as about RMB 3.4 billion. Huawei thereby obtained full ownership. The former joint venture was subsequently renamed Huawei Software Technologies Co., Ltd., and Huawei Symantec ceased to operate as an independent jointly owned brand. Huawei Symantec and Symantec Corporation were separate legal entities; the venture was not simply a division of Symantec's security-software business.

Huawei's involvement in the subject areas covered by Huawei Symantec preceded the joint venture. The reference history states that Huawei began research and development in security technology in 2000 and entered storage-technology research in 2004. Symantec, meanwhile, was established as a provider of antivirus and broader security software. Its 2005 acquisition of Veritas Software added expertise in storage-related information-lifecycle management. Against this background, Huawei and Symantec signed an agreement in May 2007 to establish a joint venture. The intended business model was to combine network, security, storage, and computing technologies into end-to-end solutions. Huawei Symantec Technologies Co., Ltd. was formally established in February 2008. Ownership was divided 51% to Huawei and 49% to Symantec, while the company was headquartered in Chengdu, China. The venture operated as a developer, producer, and supplier of network-security, storage, and computing solutions. Its proposition centered on technological convergence: customers could obtain infrastructure addressing several connected requirements through a single vendor relationship. The company also maintained research operations in Beijing, Shenzhen, Hangzhou, and India. Reference material reports that more than half of its employees worked in research and development. It also credits the organization with more than 300 patents in storage and network security, around 30 of which were accepted as formal technological standards. Its engineers participated in standardization organizations and held some chair and vice-chair positions. The shared-ownership structure was later unwound. On November 14, 2011, Huawei and Symantec reached an agreement for Huawei to acquire Symantec's 49% stake. The announced consideration was approximately US$530 million, or about RMB 3.4 billion. The transaction closed in March 2012, giving Huawei complete ownership of the company. Huawei Symantec was subsequently renamed Huawei Software Technologies Co., Ltd. As a result, Huawei Symantec is best treated as a former joint-venture brand rather than an ongoing independent company. The venture and Symantec Corporation were separate entities, despite the shared name and Symantec's former ownership interest.

• 2012

  Huawei becomes sole owner

  [1]Huawei Symantecen.wikipedia.org

  The acquisition closes in March, making Huawei Symantec wholly owned by Huawei; the company is later renamed Huawei Software Technologies Co., Ltd.

• 2011

  Agreement to end shared ownership

  [1]Huawei Symantecen.wikipedia.org

  Huawei and Symantec agree that Huawei will acquire Symantec's remaining 49% interest for approximately US$530 million.

• 2008

  Huawei Symantec established

  [1]Huawei Symantecen.wikipedia.org

  Huawei Symantec Technologies Co., Ltd. is established in February as a 51%-owned Huawei and 49%-owned Symantec joint venture.

• 2007

  Joint-venture agreement signed

  [1]Huawei Symantecen.wikipedia.org

  Huawei and Symantec sign an agreement in May to create a company serving converged network, security, storage, and computing needs.

• 2005

  Symantec acquires Veritas Software

  [1]Huawei Symantecen.wikipedia.org

  Symantec acquires Veritas Software, bringing storage and information-lifecycle-management expertise into its corporate portfolio.

• 2004

  Huawei begins storage-technology research

  [1]Huawei Symantecen.wikipedia.org

  Huawei starts research and development in storage technology.

• 2000

  Huawei begins security-technology research

  [1]Huawei Symantecen.wikipedia.org

  Huawei begins research and development activities in security technology, establishing an early capability relevant to the later joint venture.

An enterprise-technology provider focused on converged network, security, storage, and computing infrastructure.

• Network security

  Network-security solutions

  Huawei Symantec developed and supplied network-security products as part of its integrated infrastructure portfolio. These offerings were intended to address enterprise and telecommunications requirements while connecting security controls with broader networking, storage, and computing environments. The available reference material does not identify specific product model names or detailed technical specifications.

• Enterprise storage

  Storage solutions

  Storage was a central part of the venture's business, reflecting both Huawei's storage research and Symantec's connection to Veritas information-lifecycle-management technology. Huawei Symantec supplied storage systems and related solutions intended to work with network and security infrastructure. Specific product families are not identified in the available source material.

• Enterprise computing

  Integrated computing and infrastructure solutions

  The company positioned its computing offerings alongside storage, networking, and security technologies rather than as an isolated hardware category. Its stated objective was to provide end-to-end infrastructure solutions based on technological convergence. The available references do not provide named product lines or launch dates.

• 2011

  Source

Read more

• 2011

  Huawei agrees to buy Symantec's remaining stakeM&A

  Background

  After several years of joint operation, Huawei and Symantec decided to end their shared ownership of the venture.

  Action taken

  Huawei agreed to acquire Symantec's 49% interest for approximately US$530 million, also reported as about RMB 3.4 billion.

  Aftermath

  The transaction closed in March 2012 and gave Huawei full ownership. The company was subsequently renamed Huawei Software Technologies Co., Ltd.

  Purchase price for Symantec's 49% stake. Approximately US$530 million, or about RMB 3.4 billion (Agreement announced November 2011; transaction closed March 2012)

  Source

• 2007

  Establish the Huawei–Symantec joint ventureM&A

  Background

  Huawei had research capabilities in security and storage, while Symantec contributed security-software expertise and experience connected with Veritas. The companies sought to address converging network, security, storage, and computing requirements.

  Action taken

  The companies signed an agreement in May 2007 and established Huawei Symantec in February 2008, with Huawei holding 51% and Symantec 49%.

  Aftermath

  The new company developed and supplied integrated network-security, storage, and computing solutions from its Chinese headquarters and research locations in China and India.

  Source

1. 1Huawei Symantecen.wikipedia.org
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