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Symantec to acquire Nukona
[March 21, 2012]

Symantec to acquire Nukona

Mar 21, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Symantec Corporation, a provider of security, storage and systems management software solutions, has signed a definitive agreement to acquire Nukona, Inc., a developer of mobile application management (MAM) software. Both the companies are based in the US.

In September 2011, Nukona had secured funding led by Citrix Startup Accelerator, with participation from a number of other angel investors.

The transaction is expected to close in April 2012.


Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2012-03-20 Deal Participants Target (Company) Nukona, Inc.

Acquirer (Company) Symantec Corporation Vendor (Company) Undisclosed Investors* Deal Rationale The acquisition extends Symantec's enterprise mobility portfolio to include a cross-platform mobile application protection solution to help IT organizations protect and isolate corporate data and applications across both corporate owned and personally owned devices.

The acquisition of Nukona complements Symantec's acquisition of Odyssey Software, a provider of mobile device management (MDM). These acquisitions further advance Symantec's enterprise mobility leadership by enhancing capabilities for mobile device, application and data protection.

The acquisition of Nukona helps Symantec to further address the 'Consumerization of IT' and 'Bring Your Own Device' trends by helping organizations protect and isolate corporate data and applications across both corporate owned and personally owned devices.

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