Symantec announced the acquisition of Javelin Networks and Appthority to boost its network security revenue.
Symantec reported lower revenue along with $8 million loss in Q3 2018. Symantec posted revenue of $1.175 billion in Q3 2018 as against $1.240 billion in Q3 2017. Both the acquisitions are expected to enhance its security business revenue.
Javelin Networks, founded in 2014, offers software technology to defend enterprises against Active Directory-based attacks.
Javelin Networks employees in Israel and the U.S. will be part of Symantec’s endpoint security business.
Appthority offers comprehensive Mobile Application Security Analysis. Both companies are privately-held.
Appthority’s Mobile Application Security Analysis technology gives Symantec customers the ability to analyze mobile apps for both malicious capabilities and unsafe and unwanted behaviors, such as vulnerabilities, risk of sensitive data loss, and privacy-invasive actions.
Appthority, founded in 2011, becomes part of Symantec’s endpoint security business. Domingo J. Guerra is the co-founder and Anne Bonaparte is the CEO of Appthority.
Last year, Symantec acquired Skycure, a Mobile Threat Defense (MTD) technology, that enabled the launch of Symantec Endpoint Protection Mobile (SEP Mobile).
Appthority’s technology will be built into SEP Mobile, further enhancing Symantec’s ability to protect modern endpoints and operating systems.
Appthority was a Symantec Ventures portfolio company. Symantec Ventures drives innovation in the Symantec ecosystem by investing in early stage cyber security start-ups.
Symantec has made significant investments to bring innovation to its endpoint security portfolio over the past two years.
Recent product additions to Symantec’s endpoint security portfolio include SEP Hardening Application Isolation, deception and Targeted Attack Analytics.