NEW YORK; April 30, 2020 – Accenture (NYSE: ACN) has completed its acquisition of the Symantec Cyber Security Services business from Broadcom Inc. (NASDAQ: AVGO). Trump announced on June 29 that he would relax the ban but it is not yet known what impact that will have. Broadcom, a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion in cash. Broadcom Completes Acquisition of Symantec Enterprise Security Business News provided by. Here is my translation: I spoke to Symantec support and a distributor and I am really speechless right now. All rights reserved. For my personal purpose I’m running Microsoft Security Essentials (MSE) under Win 7 SP1 (ESU-License). I have been keeping my system running like the wind without a single problem of any kind, UNTIL Norton shoved the N360 security software program Version 22 (confusingly called Norton Security in some instances) down the throats of all of us who preferred to stay with the older Norton product version (21.7.0.11) having discovered that the last best version to “play nice” with Windows XP is N360 v21.7.0.11 – a version which we NOW cannot even effectively roll back to without being force-upgraded all over again via the Live Update (LU) process. https://community.norton.com/en/forums/recent-forced-nis-update-xp-sp3-v217xx-v22xx It’s a shame that this product which involves serious risks when not supported but also is installed on important production servers is ditched in such a way. He also stated that they don’t seem to want to support smaller companies and are focusing on large enterprise. SAN JOSE, Calif., Aug. 8, 2019 /PRNewswire/ -- Broadcom, Inc., (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced an agreement to acquire the enterprise security business of Symantec Corporation (NASDAQ: SYMC) for $10.7 billion in cash. Most certainly Broadcom are no good at supporting hardware AND software, the likes of which Symantec/Blue Coat create(d). Broadcom is known for its enterprise-centric, direct sales expertise; effective cost controls; and consistent enterprise revenue growth. Customers have been unable to extend support (not only licenses) since December last year. Symantec SEPC/SBE support and renewal and new activations are impossible. See also the above tweet from November 2019. Broadcom holds dozens of patents there. Broadcom Inc. Nov 04, 2019, 08:48 ET. But where Broadcom was completely ‘unpopulated’ is the area of security technology, which becomes relevant in Infrastructure Software Solutions. The company said following the Symantec acquisition in the first quarter of 2020, it expects 29% of its total revenue to come from software, up from a projected 22% in 2019. So, from Broadcom’s management point of view, the acquisition of Symantec was a strategic decision, because tey get the ‘patents and assets’ they need. pic.twitter.com/RtavKkqk9y, — Catalin Cimpanu (@campuscodi) March 3, 2020. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Share this article. Need to switch to competitors soon. My distributor has about 1,200 customer inquiries that cannot be processed. Comment document.getElementById("comment").setAttribute( "id", "a597f903b2611f50d0ea3756413e0aa3" );document.getElementById("b2a88e13d8").setAttribute( "id", "comment" ); By using this form you agree with the storage and handling of your data by this website. The deal gives Broadcom ownership of Symantec's entire enterprise security business as well as the Symantec … https://community.norton.com/en/forums/forced-norton-product-n360-upgrade-causing-application-errors-xp Addenum: After publishing my German blog post and another article within German IT magazine heise, I had an interesting background talk. Broadcom is paying $10.7 billion in cash, according to a statement . All of the authorized resellers can be found here: https://www.broadcom.com/company/partners/ca-technologies/symantec-partner-locator. Done Deal: $10.7 Billion Broadcom-Symantec Enterprise Acquisition Closes. Because we are slowly ramping our ordering systems, we are extending all Symantec licenses to the end of April 2020. Five years later, those bugs have still not been addressed. Roughly two weeks later it was reported that the deal had stalled due to a disagreement over price. d. The problem on (b) is that the bugs that have been causing system issues on XP were first reported back in 2015. Broadcom obviously doesn’t have the appropriate systems to manage license management. Your email address will not be published. And if Symantec/NLL is commited to providing support to legacy customers down to XP, then they should’ve worked out all the bug fixes long ago…. Symantec was rebranded to NortonLifeLockhttps://t.co/j470XdkPVJ pic.twitter.com/qES4gYzNF8, — Catalin Cimpanu (@campuscodi) November 5, 2019. My article at heise rceivid a comment: ‘At Symantec, you can get trial licenses for 60 days, after that they will have fixed it’. Broadcom buys Symantec's enterprise security portfolio for $10.7 billion. Broadcom has appointed Westcon as an authorised distributor of the Symantec product line in Asia Pacific, picking up channel responsibilities for the security vendor following its acquisition in mid-2019.. The Swiss site IT Reseller has published an article (in German) on this topic here. Broadcom Growth by Acquisition Strategy Continues with $10.7B Symantec Acquisition by Shelly Kramer | August 9, 2019 Broadcom has agreed to purchase Symantec’s enterprise security business in a massive $10.7 billion deal that will break up the world’s largest pure-play cybersecurity vendor. Quote from the article: A reseller of Symantec complains about huge problems with license purchase and license renewal. I promptly rolled back to v21 (where the problems were limited to the Norton product itself and NOT spreading out to the rest of the system’s ability to otherwise run with stability) and I made a lot of noise with Norton’s call-in “support”… Eventually, by some miracle, the previous problems with my N360 v21 were resolved. No financial terms were disclosed regarding the acquisition, which is expected to close in March 2020, subject to customary conditions. But seriously… you have customers wanting to give you money and you won’t take it because you’re totally incompetent? pic.twitter.com/3XWJpMxeCO. Broadcom has made a number of significant acquisitions over the last few years but is now set to buy Symantec’s enterprise division. The knowledge base is useless because you can’t effectively use the search, promises are made to resellers and not kept regarding quotes. Our online learning management system archives hundreds of topic specific asset and training webinars that you can browse and launch at your convenience to get better informed and gain deep knowledge about Symantec Products. After Broadcom’s acquisition of Symantec, things are likely to go haywire and distributors will not be able to issue new licenses. Is there anyone who can donwload the software? All times are ET. This is confirmed by the two sources above for Switzerland and Germany. Disclaimer. Was a wrong assumption, as I realized after the background talk and some research. This ‘migration’ was a complete and utter disaster. Apologies for any inconvenience. At the end of November 2019, I reported in my German article Symantec-Übernahme durch Broadcom abgeschlossen that Broadcom had declared the Symantec acquisition as completed. “We only do things we’re good at” is one of the Broadcom mantras. Symantec Corporation (“Symantec”) and Broadcom Inc. (“Broadcom”) recently announced an agreement pursuant to which Broadcom would acquire certain assets and assume certain liabilities related to Symantec’s Enterprise Security Business (“Enterprise Security”). Really? Still the same disaster. Reference thread links: The IT magazine got the information from an anonymous source. The customers’ expiration date for renewals will remain the original expiration date outlined in the contract. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Pingback: Born: Broadcom botches the Symantec migration @ AskWoody, Pingback: Spyware maker NSO runs scared from Facebook over WhatsApp hacking charges, fails to show up in court | Experimental Space, We acknowledge the migration to Broadcom systems has been more difficult than we anticipated and apologize to all of our customers and partners for the challenges they have faced during this process. Broadcom acquisition of Symantec. Login to your Symantec Dashboard to access Partner University. [German]Another short message for IT service providers and people who need licenses for Symantec security products. Same situation for a lot of IT partners in the Netherlands. Broadcom to Acquire Symantec Enterprise Security Business for $10.7 Billion in Cash. The circumstance, that there were still some customers at Symantec who were also licensing some products like Symantec Endpoint Protection (SEP) is just ‘noise’, but not a real asset. Having Symantec as a security software provider on the long term road map would be reckless.’. Specific to this discussion, CrowdStrike was called out as a beneficiary of Broadcom's acquisition of the Symantec enterprise security division (with … Broadcom announced the acquisition of Symantec's Enterprise division, for USD10.7 billion, on 8 August 2019. If you search career networks like Xing or LinkedIn, you will probably find some people who have switched from Symantec to other companies in the last few months. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Without words! There is nothing wrong with that but if even the largest core customers can’t buy support, you have a serious problem. Symantec was sold some time ago for 10.7 billion US $ to the Broadcom. So much for the background story. Broadcom Inc. said it agreed to buy Symantec Corp.’s division that serves business customers for $10.7 billion in cash, adding software designed to keep hackers out of corporate systems. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. New York (CNN Business)Chipmaker Broadcom is buying cybersecurity specialist Symantec Corporation's enterprise security business for $10.7 billion in cash, the companies announced Thursday. On August 8, leading semiconductor company Broadcom agreed to acquire Symantec’s Enterprise Security Business for $10.7 billion. Romans: No end in sight to US-China trade war, Trump administration dials up US-China tech tensions, Chinese government halts Ant Group's giant IPO, China expected to be the only major economy to grow in 2020, How China's Ant Group built a $17 trillion payments machine, Why Trump's war on WeChat could hurt American businesses, HSBC may have to choose between China and the West, Mars is the latest arena in US-China rivalry, Hong Kong's business world divided over national security law, The moral dilemma of doing business in China, explained, China censors a lot, from Winnie the Pooh to the NBA, Why American fast food chains will do anything to win in China, The trade war with China is coming for the American computer industry. I think it would be helpful if tech press/watcher like Guenter could look into these issues and report on them accordingly. Yes, Broadcom will focus on the largest customers and essentially throw away SME customers. https://community.norton.com/en/forums/i-am-still-nis-user. I am one of those “legacy” users who, for many reasons (some which I choose, others where I have absolutely no other choice), stay with a system like XP. So this is exactly the topic I mentioned above and discussed in the comments on the blog. But the link is broken because Broadcom redirects its own forums and all links break. c. With (b), the legacy customer has NO option to opt of of the forced upgrade, unless Live Update has been permanently disabled and Intelligent Update is manually run; To find resources and answers to frequently asked questions during our transition, customers can go here – https://symantec.broadcom.com/customer_information_qa, We continue to be very committed to our customers and our partner community. 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Is unresponsive, user account migration horrible and not working properly, please expect Website slowdowns relevant. German blog post and another article within German it magazine heise, I had an interesting background talk next days…... The Dow Jones indices LLC 2018 and/or its affiliates Cyber security Services business from Broadcom not possible even. And discussed in the contract its security business for $ 10.7 billion, the likes which! Broadcom buys security companies to raise stock prices, but really it does ’ have...

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