Symantec makes its' second acquisition in two weeks

Jul 11, 2017

Symantec Bolsters Mobile Security with Skycure Acquisition

Symantec makes its' second acquisition in two weeks, adding critical mobile operating system security capabilities, including Apple IOS.

Symantec Skycure

Symantec today announced that it is acquiring privately-held mobile security vendor Skycure. Financial terms of the deal are not being publicly disclosed. Skycure had raised approximately $27.5 million in venture funding, since the company was founded in 2012.

Skycure's Mobile Threat Defence Platform provides organizations with multiple security capabilities including Mobile Active Protection (MAP) that helps to secure devices with real-time protection.  Skycure's platform also provides an on-demand app analysis capability called the Mobile App Reputation Service (MARS).

"The approach that Skycure has taken to secure mobile operating system is something that will stand the test of time and is a very innovative approach," Greg Clark, CEO of Symantec, told eWEEK.

Clark said that Skycure's technology has the ability to find mobile malware that other mobile security technologies can not. Symantec already has several mobile security technologies in its product portfolio and Clark sees Skycure as being complementary, providing extended capabilities.

"We do acquisitions like this for strategic reasons, but Skycure also has great tactical benefits for us," Clark said. "It brings us a best in class (Apple) IOS product right away."

Clark added that Symantec already had mobile security capabilities for Android, though he noted that with Skycure it can be improved further. He noted that Symantec did have a gap around IOS security which will now be closed with the Skycure addition. The Skycure technology will help to enhance both the enterprise and consumer sides of Symantec's mobile security offerings.

"With the current capabilities we have with our Norton organization at Symantec, when we put Skycure in there, I think we'll have an even more formidable engineering capability for modern operating systems," Clark said. "Ultimately endpoint protection is a big piece of what we do at Symantec and Skycure really brings modern mobile operating system security to the business." 

Beyond just Android and IOS devices, Clark expects that Skycure's technology will help Symantec improve detection of threats across a variety of endpoint types including desktops as well.

"Going forward, we will have a slightly different organization than what we have today to really optimize and execute on our mobile strategy to the benefit of our customers," Clark said. 

Clark is particularly optimistic about the Skycure Mobile App Reputation Service (MARS) and what it brings to Symantec.

"We care a lot about application reputation and have existing investments there," Clark said.  "We really appreciate what Skycure brings to the table."

Clark added that a lot of people really get concerned about whether a next generation firewall will be able to protect an organization, but what matter more in the fight against modern threats is more involved and different than traditional threats.

"The kind of fraud that occurs with a payment app on a mobile phone is different," Clark said. "We're very serious about the ever-changing surface of cyber-threats and innovating defences and this (acquisition) is definitely a foot forward."

The acquisition of Skycure, is Symantec's second acquisition in as many weeks, following the July 6 acquisition of privately-held browser isolation vendor Fireglass.

"If you think about hooking up a very powerful modern operating system security technology like Skycure with an isolation browser like Fireglass, what you can do together is very powerful," Clark said.

Sean Michael Kerner is a senior editor at eWEEK and Follow him on Twitter @TechJournalist.




News about FTC

Recent posts:

Aug 16, 2019
Cambria Solutions Recognized by Inc. Magazine as a Fastest-Growing Private Company – The Inc. 5000

Feb 21, 2019
From Security to the Cloud to Professional Services, WWT Poised to Partner with Florida to Meet Burgeoning IT Modernization Needs

Feb 11, 2019
Florida Blockchain Technology Legislation

Feb 08, 2019
Florida Governor Proposes Yet Another Technology Shakeup

Jan 23, 2019
Her Name is CORA, and She’s the Future of Courts


Copyright © Florida Technology Council - All rights reserved

Florida Technology Council

115 E. Park Ave., Suite #1

Tallahassee, FL 32301

                850-803-TECH (8324)




Powered by