Symantec, who announced last year that it is splitting its cybersecurity and data-storage divisions, has acquired Boeing’s cybersecurity business unit, Narus.
Boeing will retain ownership of Narus’ licenses and intellectual property, which will be licensed by Symantec.
As part of the deal, Symantec will be hiring 65 engineers and data scientists from Boeing’s Narus security division. The move has highlighted Symantec’s focus on its cybersecurity business.
Amit Mital, Chief Technology Officer for Symantec, wrote on the company’s official blog about the large quantities of security data Symantec has access to: "But data is useless unless you can apply meaning to it. Therefore the mission of our Unified Security platform is to derive intelligence out of our data through analytics that will help our customers make informed decisions about how to prevent, detect and remediate attacks."
"To accelerate our efforts, we’ve entered into an agreement with Narus, a Boeing subsidiary recognized as a leader in cybersecurity big data analytics, that will bring approximately 65 engineers and data scientists with expertise in machine learning, security, big data analytics and networking to Symantec to help us develop our platform."
Narus was acquired by Boeing in 2010 and specialises in internet-filtering software for intelligence agencies. 62% of Symantec’s total revenue comes from its information security business, comprising 43% from consumer information security and 19% from enterprise information security. No figures have been released relating to the deal.
