Symantec Makes 2 Acquisitions, While Broadcom Dumps CAs 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 companys 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 companys Veracode security unit.
On November 5, Symantec announced two separate acquisitions to boost the companys 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 Microsofts Active Directory technology.
No financial details of the two acquisitions were released, but both companies will now fall under Symantecs 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
)
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, Javelins 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
Broadcoms 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:
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Enterprises Face a Large, & Growing, Cybersecurity Skills Gap
Cisco Buys Duo for $2.35B to Push Security Beyond the Enterprise Network
Microsofts GitHub Deal: Following Developers & Security Into the Cloud
— 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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Symantec Makes 2 Acquisitions, While Broadcom Dumps CAs Veracode Unit