Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Huawei Technologies and Symantec to form joint venture
Posted on 26-May-2007 11:02. | Tags Filed under: News.



Symantec Corp. and Huawei Technologies Co., Ltd. are forming a joint venture company to develop and distribute security and storage appliances to global telecommunications carriers and enterprises.

The joint venture will help operators and enterprises address challenges arising from maintaining IP networks and IT systems that support a growing number of connections. This requires balancing increasing performance and availability requirements with system security and data integrity.

Initially the offering will include security and storage appliances addressing those issues. The new company will be headquartered in Chengdu, China, with Huawei owning 51 percent of the joint venture and Symantec owning 49 percent.

Huawei will contribute its telecommunications storage and security businesses including its integrated supply chain and integrated product development management practices. Additionally, the new company will have access to Huawei’s intellectual property (IP) licenses, research and development capabilities.

Symantec will contribute some of its enterprise storage and security software licenses, working capital, and its management expertise into the new company. Symantec will also contribute US$150 million toward the joint venture’s growth and expansion.

The joint venture is expected to close late in the calendar year, pending required regulatory and governmental approvals.




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

Gareth Morgan is a genius
Created by Satch, last reply by frankv on 9-Dec-2016 22:29 (147 replies)
Pages... 8 9 10


NZ Prime Minister John Key Resigns
Created by ajobbins, last reply by elpenguino on 9-Dec-2016 12:44 (217 replies)
Pages... 13 14 15


The President Of The USA - Who do you think?
Created by TimA, last reply by DarthKermit on 8-Dec-2016 16:22 (909 replies)
Pages... 59 60 61


Spark wireless broadband and home /lan access: CGNAT limitations
Created by yokkem, last reply by BarTender on 8-Dec-2016 15:57 (19 replies)
Pages... 2


Spark not planning to deploy native IPv6 at all. Ever.
Created by Erayd, last reply by sbiddle on 7-Dec-2016 20:57 (19 replies)
Pages... 2


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by DarthKermit on 9-Dec-2016 16:16 (471 replies)
Pages... 30 31 32


Wilson's Car Park - When Free is not free
Created by nzkiwiman, last reply by cr250bromo on 9-Dec-2016 09:30 (51 replies)
Pages... 2 3 4


JB Hifi Cost & GST Sale - 7th Dec
Created by Finch, last reply by Kopkiwi on 7-Dec-2016 15:11 (16 replies)
Pages... 2