Symantec Announces Acquisition of SurfEasy, Inc.
Symantec Corp. (Nasdaq:SYMC), the world’s leading cyber security company, today announced that it has acquired SurfEasy, Inc., a leading Virtual Private Network (VPN) provider that delivers easy-to-use solutions for online privacy and security on smartphones, tablets and computers. SurfEasy will become part of Symantec’s Consumer Business Unit, which includes the Norton and LifeLock brands, bringing VPN to the portfolio of Consumer Digital Safety solutions, which help consumers to protect their information, privacy and identities.
SurfEasy is an existing OEM technology provider to Symantec, powering Symantec’s Norton WiFi Privacy product with VPN technology. VPN technology encrypts consumers’ communications online, which can include sensitive information such as passwords and credit card information, and helps to protect that information from being intercepted by cybercriminals.
By using a secure VPN, consumers can be better armed against vulnerabilities, like the recently discovered KRACKs, while they use public Wi-Fi in cafes and other public locations. In addition to the cyber risk associated with Wi-Fi, there is an increased demand for VPN technology after the modification to the net neutrality legislation. Privacy-conscious consumers are turning to VPN technology to protect their personal data.
“SurfEasy has been a great partner to Symantec and we look forward to bringing their expertise and leading technology inside the company,” said Greg Clark, Symantec CEO. “The addition of SurfEasy to our Consumer business will benefit our customers as we continue to strengthen our Norton WiFi Privacy solution so consumers can use public Wi-Fi without fear of exposing their information to cyber criminals.”
“We greatly value our existing business partnership with Symantec, and are proud to now officially join the Symantec team,” said Chris Houston, Founder of SurfEasy. “We are pleased that Symantec sees the immense value of our VPN solution, and we look forward to leveraging Symantec’s infrastructure, resources and expertise as a leader in cyber security to expand the reach of our technology in the consumer security market.”
Symantec acquired SurfEasy from its parent company, Opera Software.
Symantec Corporation (NASDAQ:SYMC), the world’s leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. Likewise, a global community of more than 50 million people and families rely on Symantec’s Norton and LifeLock product suites to protect their digital lives at home and across their devices. Symantec operates one of the world’s largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats. For additional information, please visit www.symantec.com or connect with us on Facebook, Twitter, and LinkedIn.
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This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including expectations regarding the acquisition of SurfEasy and the expected benefits to Symantec’s Consumer business from completing the acquisition. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievement to differ materially from those expressed or implied in this press release. Such risk factors include, among others, the ability of Symantec to successfully integrate the merged business and achieve the expected benefits, and customer demand for the integrated product offerings. Actual results may differ materially from those contained in the forward-looking statements contained in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors section of Symantec's Form 10-K for the year ended March 31, 2017. Symantec assumes no obligation, and does not intend, to update any forward-looking statement contained in this press release. In addition, any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented. As such, statements about such plans should not be considered firm commitments by Symantec and should not be relied upon in making purchasing or investment decisions.