Business Cloud News

Symantec acquires Blue Coat for $4.65 billion


Symantec has announced it has entered into a definitive agreement to acquire cloud security specialists Blue Coat for $4.65 billion.

Symantec to sell IM business Vertias for $8.9bn

Symantec is selling its IM business to an investor consoritum

Digital security heavyweight Symantec announced this week it would sell its information management business, Veritas, to a group led by The Carlyle Group together with GIC, Singapore’s sovereign wealth fund, for a total of $8.3bn.

Symantec, Frost Data Capital to incubate startups solving IoT security challenges

Symantec and FDC are to incubate ten IoT security startups per year

Symantec is teaming up with venture capital firm Frost Data Capital to incubate startups primarily developing solutions to secure the Internet of Things.

Symantec follows HP, files for divorce

Symantec is splitting into two businesses, one focused on IM and the other on security

Barely a week after HP announced it would split its business in two, Symantec, best known for its anti-virus products, announced it would split itself into two independent publicly-traded companies.

Security as a Service market set to exceed $3bn by 2015

Gartner says the cloud-based security market will swell to $3.1bn in 2015, with growth largely driven by SMBs

The market for cloud-based security services like encryption, email security, web security and identity and access management is set to rise to $2.1bn by the end of this year according to Gartner. Kelly Kavanagh, principal research analyst at the research and analysis firm says SMBs adopting cloud services will be primarily responsible for the lion’s share of future growth in the cloud-based security market.