| Type | Joint Venture |
|---|---|
| Industry | Information Technology |
| Founded | February 2008 |
| Headquarters | Chengdu, People's Republic of China |
| Key people | Chairman Ren Zhengfei, CEO Tad Lebeck, CTO |
| Parent | Huawei: 100% |
| Website | www.huaweisymantec.com |
Huawei Symantec Technologies Co. Ltd. (Chinese: 华为赛门铁克科技有限公司; pinyin: Huáwéi Sàiméntiěkè Kējì Yǒuxiàn Gōngsī) is a developer, producer and supplier of network security, storage and computing solutions. It is headquartered in Chengdu, People's Republic of China.[1][2] Huawei Symantec is a joint venture between Huawei and Symantec. Huawei originally owned 51% of the company, while Symantec owned 49%. On November 14th, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei will acquire Symantec’s 49 percent stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for USD 530 million.[3] Upon closing the agreement will give Huawei full ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities. Huawei Symantec is a Chinese based company, while Symantec Corporation (NASDAQ: SYMC) is a US based corporation headquartered in Mountain View, California.[4]
Ren Zhengfei, the CEO of Huawei, is the CEO of Huawei Symantec.[5]
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Huawei Symantec is a holder of more than 300 patents in storage and network security field, and about 30 of them were accepted as formal technological standards.[6] Huawei Symantec's technologists participate in various standardization organizations, including holding chair and vice-chair posts.[7] More than 50% of employees are engaged in research and development activities with labs located in Beijing, Shenzhen, Hangzhou in China, and in India.[8]