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...Its services are used by large corporations to manage private and public cloud networks as well as data centres....
...His first two software takeovers, CA Technologies and Symantec, targeted struggling and slow-growing companies that nonetheless were core infrastructure inside many of the world’s largest corporations....
...A deal to buy the entire company would be more tax efficient for Symantec shareholders, one person briefed about the bid said....
...‘Everybody has to have a plan’ California-based Symantec said last month that it had recorded three instances of deepfaked audio attacks on corporations in 2019....
...Wednesday's report said that in the 12 months to mid-2018 Whitefly launched attacks against a number of organisations mostly based in Singapore, including multinational corporations with operations in the...
...(FT) Broadcom eyes Symantec unit Broadcom has revived talks to acquire Symantec’s enterprise business for about $10bn in a deal that could be announced as early as Thursday, after a full takeover collapsed...
...When technological and regulatory disruption coincide, large corporations need unaccustomed nimbleness....
...WeWork prepared for the manoeuvre last month by changing from a corporation to a limited liability company, called the We Company MC LLC....
...Investors appeared to have latched on to a late-Tuesday report from the New York Post that Starboard Value, the hedge fund trying to shake things up at cyber security company Symantec and consumer goods...
...When Francisco Partners paid $3.6bn last year for Verifone, the payments company, it turned to the Canadian pension fund British Columbia Investment Management Corporation to help fund the deal....
...Symantec, the cyber security company, says in a recent report it saw a 200 per cent increase in supply chain attacks in 2017 compared with the previous year....
...“But one of the slow burning, strategic issues is the integrity of the supply chain and how corporations and government departments manage that risk....
...Others, such as Delta and Symantec, also made business decisions to align with public opinion....
...That group included such well-known names as Sears Holdings, JC Penney, HP Inc, CBS, Macy’s, Nordstrom, Motorola, IBM, Symantec, Xerox, Office Depot, VeriSign and Target Corporation....
...So far this year, Vista Equity Partners has bought Ping Identity for an undisclosed sum, while Bain Capital sold Bluecoat to Symantec for almost double what it paid for the company the year before....
...The end result would be good for corporations trying to protect against cyber threats, he said....
...Nasdaq-listed Symantec shares fell 6.9 per cent to $21.34....
...A lack of diverse viewpoints is a key flaw of the corporation....
...By the time he resigned in 2008, Symantec’s annual revenues had increased from $600m to $6bn....
...Cyber security companies, from start-ups with only a handful of customers to listed corporations such as Symantec, will flock to San Francisco next week to show off their wares at the annual RSA conference...
...Amit Mital, chief technology officer at Symantec, the internet security company, says that people are often the weakest link....
...Technology companies, banks and healthcare providers are among the corporations pledging to take steps to improve security....
...He had previously been chairman and chief executive of Quantum Corporation, a data storage company. He said Symantec now had a leadership team in place “capable of accelerating our growth”....
...But the research shows they are finding it hard to do so in the modern corporation – which really shouldn’t come as much of a surprise, given the relentless pace of business consolidation around the world...
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