theDocumentId => 747334 Symantec Makes 2 Acquisitions, While Broadcom Dumps ...

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Security Management

11/6/2018
09:35 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
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Symantec Makes 2 Acquisitions, While Broadcom Dumps CA's Veracode Unit

The global cybersecurity market got an early week shakeup as Symantec acquires Javelin Networks and Appthority on the same day. Meanwhile, Broadcom completed its deal for CA Technologies and immediately dumped the company's Veracode security unit.

The worldwide cybersecurity market got an early week shakeup on Monday, with Symantec announcing a pair of acquisitions focused on endpoint and mobile on the same day. Meanwile, Broadcom completed its $18.9 billion deal for CA Technologies and then promptly dumped the company's Veracode security unit.

On November 5, Symantec announced two separate acquisitions to boost the company's enterprise security portfolio. The first is a deal for Appthority, a seven-year-old firm that focuses on mobile security. The second is an agreement for startup Javelin Networks, which focuses on endpoint protection by helping to secure Microsoft's Active Directory technology.

No financial details of the two acquisitions were released, but both companies will now fall under Symantec's endpoint security portfolio. Javelin has offices in the US and Israel, and has collected about $5 million in venture capital funding since its founding in 2014, according to Crunchbase.

San Francisco-based Appthority received a little more than $25 million during four fundraising rounds since its founding.

(Source: iStock)
(Source: iStock)

Specifically, Appthority offers a range of app protection tools for iOS and Android, and Symantec will integrate the technology into its Endpoint Protection Mobile (SEP Mobile) platform, which offers security for operating systems, as well as endpoints.

For its part, Javelin's engineers have developed endpoint protection software to prevent attackers from using Active Directory to gain entry into the corporate network. These tools help identify misconfigurations and backdoors to prevent reconnaissance and credential misuse by cybercriminals.

While Symantec was strengthening its security portfolio on Monday, Broadcom was busy selling off part of its cybersecurity offerings.

On Monday, Broadcom made its acquisition of CA Technologies official. As part of its filing with the US Securities and Exchange Commission, the company noted that it had sold off the Veracode division to Thoma Bravo for $950 million. (See Broadcom's Deal for CA Puts Big Iron in the Spotlight.)

Founded in 2006, Veracode offers cloud-based security tools to protect a wide-range of enterprise applications. The founders later sold the firm to CA in 2017 for approximately $614 million.

Over the past several years, Thoma Bravo has made several different investments in cybersecurity vendors, including Barracuda Networks, DigiCert, McAfee and Sailpoint.

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

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