Huawei Symantec Technologies Co. Ltd. () was a developer, producer and supplier of

network security Network security consists of the policies, policies, processes and practices adopted to prevent, detect and monitor unauthorized access, Abuse, misuse, modification, or denial of a computer network and network-accessible resources. Network securi ...

, storage and

computing Computing is any goal-oriented activity requiring, benefiting from, or creating computing machinery. It includes the study and experimentation of algorithmic processes, and development of both hardware and software. Computing has scientific, e ...

solutions. The joint venture was disbanded in March 2012 when Symantec sold its share in the company to Huawei, which is headquartered in

Chengdu Chengdu (, ; Simplified Chinese characters, simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ), Chinese postal romanization, alternatively Romanization of Chi ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. Huawei originally owned 51% of the company, while Symantec owned 49%. Huawei is a Chinese-based company, while Symantec Corporation (NASDAQ: SYMC) is a US-based corporation headquartered in Mountain View, California.

History

*2000:

Huawei Huawei Technologies Co., Ltd. ( ; ) is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops, produces and sells telecommunications equipment, consumer electronics and various smar ...

started R&D in the security technology field; Symantec is a provider of

antivirus Antivirus software (abbreviated to AV software), also known as anti-malware, is a computer program used to prevent, detect, and remove malware. Antivirus software was originally developed to detect and remove computer viruses, hence the name. ...

and security software *2004: Huawei started R&D in storage technology field *2005: Symantec acquires

Veritas Software Veritas Technologies LLC. is an American international data management company headquartered in Santa Clara, California. The company has its origins in Tolerant Systems, founded in 1983 and later renamed Veritas Software. It specializes in stora ...

, manufacturer of Information Lifecycle Management software *2007 (May): Huawei and Symantec sign an agreement for the establishment of a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

in order to provide end-to-end solutions in the domain of converging network, security, and storage and computing technologies. *2008 (February): Huawei Symantec was established. *2012 (March): Huawei acquires the 49% of shares held by the Symantec Corporation at a price of about 530 million U.S. dollars or 3.4 billion yuan.

Technological convergence and R&D

Huawei Symantec is a holder of more than 300

patent A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...

s in storage and

field, and about 30 of them were accepted as formal technological standards. Huawei Symantec's technologists participate in various standardization organizations, including holding

chair A chair is a type of seat, typically designed for one person and consisting of one or more legs, a flat or slightly angled seat and a back-rest. They may be made of wood, metal, or synthetic materials, and may be padded or upholstered in vario ...

and vice-chair posts. More than 50% of employees are engaged in research and development activities with labs located in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

Hangzhou Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, whi ...

, and in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

Acquisition by Huawei

On November 14, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei acquired Symantec's 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for US$530 million. Upon closing the agreement gave Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities.

References

{{Huawei, phones=yes, tablets=yes, laptops=yes, wearables=yes, cpu=yes, os=yes, services=yes, people=yes, other=yes, below=yes 2008 establishments in China 2008 establishments in California 2012 disestablishments in California Software companies established in 2008 Software companies disestablished in 2012 Companies based in Chengdu Chinese-foreign joint-venture companies Huawei