Symantec to Acquire Skycure, Providing Customers with Comprehensive Mobile Threat Defense Across iOS, Android and Windows
July 2017 by Marc Jacob
Symantec Corp. announced that it has entered into an agreement to acquire U.S. and Israel-based Skycure, a leader in mobile threat defense. Following completion of the acquisition, Skycure’s predictive threat detection techniques will enrich Symantec’s enterprise and consumer mobility offerings to help organizations more confidently address the needs of the increasingly mobile workforce, enabling them to ensure that devices are risk-free and secure while accessing corporate resources.
Managed and unmanaged devices like tablets and smartphones are growing in prevalence and flooding the workplace, introducing new risk and vulnerabilities. Last year alone, Symantec’s researchers discovered more than 600 new vulnerabilities on iOS and Android operating systems and mobile malware detections doubled to a total of 18.4 million. To help combat this, Skycure uses artificial intelligence and machine learning techniques to deliver a single, unified solution that proactively protects mobile devices across all major mobile operating systems, delivering unparalleled depth of threat intelligence to predict and detect the broadest range of threats.
Once Skycure is combined with Symantec’s Integrated Cyber Defense Platform, Symantec’s customers will have access to comprehensive and effective endpoint protection offerings across traditional and mobile devices, with enhanced capabilities for mobile devices, applications, network gateways and data protection. To date, Symantec has invested in mobile security through SEP Cloud and Norton Mobile product lines. The protection capabilities in those product lines will expand with this acquisition and puts Symantec on the path to protect more than 1 billion endpoints.
With the addition of Skycure’s technologies, Symantec will also be positioned to serve as a strategic partner for telecommunications companies seeking to build comprehensive mobile security solutions for their end users. Skycure also has validation from Global 2000 customers in the healthcare and financial sectors.
The transaction is subject to customary closing conditions, and is expected to close in the second fiscal quarter of 2017. Symantec expects Skycure’s technologies to be available to its existing and new Endpoint Protection and Norton Antivirus customers and partners soon after the transaction closes. Financial terms of the transaction were not disclosed.