Huawei Symantec

Huawei Symantec Technologies Co. Ltd.
	To build a harmonious information world
Native name	华为赛门铁克科技有限公司
Company type	Joint venture
Industry	Information Technology
Founded	February 2008
Defunct	March 2012
Fate	Symantec's stake acquired by Huawei
Headquarters	Chengdu, China
Key people	Chairman; Ren Zhengfei, CEO; Tad Lebeck, CTO
Owners	Huawei (51%); Symantec (49%)

Huawei Symantec Technologies Co. Ltd. (Chinese: 华为赛门铁克科技有限公司; pinyin: Huáwéi Sàiméntiěkè Kējì Yǒuxiàn Gōngsī) was a developer, producer and supplier of network security, storage and computing solutions. The joint venture was disbanded in March 2012 ^[1]^[2] when Symantec sold its share in the company to Huawei, which is headquartered in Chengdu, China.^[3]^[4] Huawei originally owned 51% of the company, while Symantec owned 49%.

Huawei is a Chinese-based company, while Symantec Corporation (NASDAQ: SYMC) is a US-based corporation headquartered in Mountain View, California.^[5]

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 (May): 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.^[6]
2008 (February): Huawei Symantec was established.
2012 (March): 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.^[7] Huawei Symantec's technologists participate in various standardization organizations, including holding chair and vice-chair posts.^[8] More than 50% of employees are engaged in research and development activities with labs located in Beijing, Shenzhen, Hangzhou in China, and in India.^[9]

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. (Huawei Symantec) for US$530 million.^[10] Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.

References

^ "Huawei – Symantec, broken join venture and the fear on chinese firms". Retrieved 2013-04-22.
^ Perlroth, Nicole; Markoff, John (2012-03-26). "Symantec Dissolves a Chinese Alliance". The New York Times. Retrieved 2013-04-22.
^ Jander, Mary (2007-05-23). "Huawei & Symantec Make It Official". Byte and Switch. Archived from the original on 14 February 2009. Retrieved 14 February 2009.
^ "Contact Us – Huawei Symantec". Huawei Symantec. Archived from the original on 2008-08-20. Retrieved 2009-02-14.
^ "Huawei, Symantec joint venture gets EU go-ahead". Xinhua News Agency. 2007-12-21. Archived from the original on 4 June 2011. Retrieved 14 February 2009.
^ Tan, Lynn (2007-05-22). "Huawei, Symantec forge joint venture". ZDNet. CBS Interactive. Archived from the original on 2 March 2010. Retrieved 14 February 2009.
^ Xinchun, Peng. "Huawei Symantec: A Pilot of Storage and Network Security Solutions in the Information Era". Huawei Symantec. Archived from the original on 2011-07-12. Retrieved 2009-02-14.
^ "Corporate Briefing Of Huawei Symantec (2008)". Huawei Symantec. 2008. Archived from the original on 2009-11-05. Retrieved 2009-02-14.
^ "Huawei Symantec Overview". Huawei Symantec. Archived from the original on 2011-07-12. Retrieved 2009-02-14.
^ "Huawei Acquires Symantec Stake in Huawei Symantec Joint Venture". Symantec. Archived from the original on November 23, 2011. Retrieved 2011-12-02.

[1] "Huawei – Symantec, broken join venture and the fear on chinese firms". Retrieved 2013-04-22.

[2] Perlroth, Nicole; Markoff, John (2012-03-26). "Symantec Dissolves a Chinese Alliance". The New York Times. Retrieved 2013-04-22.

[3] Jander, Mary (2007-05-23). "Huawei & Symantec Make It Official". Byte and Switch. Archived from the original on 14 February 2009. Retrieved 14 February 2009.

[4] "Contact Us – Huawei Symantec". Huawei Symantec. Archived from the original on 2008-08-20. Retrieved 2009-02-14.

[5] "Huawei, Symantec joint venture gets EU go-ahead". Xinhua News Agency. 2007-12-21. Archived from the original on 4 June 2011. Retrieved 14 February 2009.

[6] Tan, Lynn (2007-05-22). "Huawei, Symantec forge joint venture". ZDNet. CBS Interactive. Archived from the original on 2 March 2010. Retrieved 14 February 2009.

[7] Xinchun, Peng. "Huawei Symantec: A Pilot of Storage and Network Security Solutions in the Information Era". Huawei Symantec. Archived from the original on 2011-07-12. Retrieved 2009-02-14.

[8] "Corporate Briefing Of Huawei Symantec (2008)". Huawei Symantec. 2008. Archived from the original on 2009-11-05. Retrieved 2009-02-14.

[9] "Huawei Symantec Overview". Huawei Symantec. Archived from the original on 2011-07-12. Retrieved 2009-02-14.

[10] "Huawei Acquires Symantec Stake in Huawei Symantec Joint Venture". Symantec. Archived from the original on November 23, 2011. Retrieved 2011-12-02.

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