Symantec has announced that it has acquired Appthority and Javelin Networks. With the acquisitions, the company wants to bring important technological integrations to its Integrated Cyber Defense Platform, according to ZDNet. The amounts involved in the acquisitions are unknown.
According to the company, Appthority brings with it improved protection against vulnerabilities in mobile apps. Javelin comes up with tools to counteract Active Directory-based attacks. Both companies will now become part of Symantec’s endpoint security department, which is part of the broader Enterprise Security.
It was precisely this department that had a worse-than-expected turnover in the previous quarter, as was made clear last week. CEO Gregory Clark said back then that the company expects to regain momentum in the coming quarters, as new products are coming on stream. “The endpoint is a competitive environment,” says Clark to analysts. “If you look at the effectiveness of some of the other, larger players, we’re much better.”
According to Clark, Symantec is doing better in protecting enterprises from endpoint malware by using traditional signature-based protection, detection technologies and artificial intelligence.
The acquisitions of the two companies are likely to help with Symantec’s new products, where Javenlin strengthens endpoint control solutions and Appthority is used for new tools for analysis and protection of mobile apps.
Symantec also recorded a loss of 8 million dollars in the past quarter, compared to a loss of 12 million dollars a year earlier. Sales of enterprise security decreased 16.3 percent to $574 million. Turnover from consumer digital security solutions amounted to 601 million dollars, an increase of 8.5 percent.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.