Broadcom is rumored to be in talks to acquire cybersecurity firm Symantec

HardwareZone | July 04, 2019

Broadcom is rumored to be in talks to acquire cybersecurity firm Symantec
Bloomberg has reported Broadcom is in “advanced talks” to acquire security software firm Symantec. Broadcom wants to expand its business into the “more profitable” software market segment. According to Bloomberg’s sources, the two firms should come into an agreement within weeks. Symantec is one the largest cybersecurity firms; since 2015, the firm has operated its Security Operations Center (SOC) in Singapore. The Singapore SOC is the firm’s sixth such center in the world and the fourth in Asia-Pacific. Broadcom isn’t the first hardware manufacturer to acquire a software firm. In 2010, Intel acquire computer security firm McAfee for US$7.7 billion; however, in 2018, the chipmaker divested 51% of McAfee to a private equity firm TPG Capital. As for Broadcom, this rumored acquisition comes in the wake of its recent US$18.8 billion purchase of software firm CA Technologies. Most readers will recall US President Donald Trump’s successful objection to Broadcom attempted acquisition of Qualcomm in March last year.

Spotlight

This year our focus is on shaping the cybersecurity of the future. How will cyberspace evolve? What does that mean for cybersecurity? And what can we do to ensure that security gets better not worse? In a series of traditional panel discussions, interview-style keynotes from government and the private sector, and 'pop-up' presentations we will explore a diverse range of topics looking at cybersecurity of the future. How will we secure growing networks of cars, health devices and other "things"? What can we do to ensure that our cyber workforce is more diverse and representative? How can complex networks of actors work together to mitigate the next Heartbleed-scale software vulnerability? How will global trends affect the cybersecurity challenges that will threaten the United States?

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Spotlight

This year our focus is on shaping the cybersecurity of the future. How will cyberspace evolve? What does that mean for cybersecurity? And what can we do to ensure that security gets better not worse? In a series of traditional panel discussions, interview-style keynotes from government and the private sector, and 'pop-up' presentations we will explore a diverse range of topics looking at cybersecurity of the future. How will we secure growing networks of cars, health devices and other "things"? What can we do to ensure that our cyber workforce is more diverse and representative? How can complex networks of actors work together to mitigate the next Heartbleed-scale software vulnerability? How will global trends affect the cybersecurity challenges that will threaten the United States?