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Symantec Acquires Mobile Threat Detection Specialist Skycure.

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MANews-(C)2009-2017

13 July 2017 - California, US-based cyber security firm Symantec Corp. (NASDAQ: SYMC) has agreed to acquire US and Israel-based mobile threat defense company Skycure to enhance Symantec's mobility offerings with Skycure's threat detection techniques, the company said.

Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions, and is expected to close in 2Q17.

Following completion of the acquisition, Symantec can help organisations more confidently address the needs of the mobile workforce, ensuring secure, risk-free devices while accessing corporate resources.

Once Skycure is combined with Symantec's Integrated cyber defense platform, Symantec's customers will have access to comprehensive and effective endpoint protection offerings across traditional and mobile devices, with enhanced capabilities for mobile devices, applications, network gateways and data protection.

To date, Symantec has invested in mobile security through SEP cloud and Norton mobile product lines.

The protection capabilities in those product lines will expand with this acquisition and put Symantec on the path to protect more than 1.0bn endpoints.

With the addition of Skycure's technologies, Symantec will also be positioned to serve as a strategic partner for telecommunications companies seeking to build comprehensive mobile security solutions for their end users. Skycure also has validation from Global 2000 customers in the...

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