After a period of appearing rudderless, Symantec has been able to make a bold move in corporate cybersecurity and secure a new CEO in the bargain.
It will be interesting to see if this strategy puts the company firmly back on a growth trajectory.
Symantec to buy Blue Coat for $4.65bn Tim Bradshaw in San Francisco Symantec shares were up almost 7 per cent on Monday morning, a day after the company said it would acquire threat-blocking service Blue Coat Systems for $4.65bn from Bain Capital, in the struggling antivirus company’s largest deal for more than a decade. Greg Clark, Blue Coat chief executive, will take the top job at Symantec, a position that has been vacant since April. The combined company will be the world’s largest enterprise security business by revenues.