Type Joint Venture Website www.huaweisymantec.com Founded February 2008 | Industry Information Technology Headquarters Chengdu, China Parent organization Huawei | |
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Key people Chairman
Ren Zhengfei, CEO
Tad Lebeck, CTO | ||
Company introduction institucional huawei symantec
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 when Symantec sold its share in the company to Huawei, which is headquartered in Chengdu, China. 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.
Contents
History
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. Huawei Symantec's technologists participate in various standardization organizations, including holding chair and vice-chair posts. More than 50% of employees are engaged in research and development activities with labs located in Beijing, Shenzhen, Hangzhou in China, and in India.
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 USD 530 million. Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.