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69-571: Before merging with Symantec (now known as Gen Digital ) in 2004, Veritas was listed on the S&;P 500 and the NASDAQ-100 under the VRTS ticker symbol. In 2014, Symantec announced that it would demerge its information management business as Veritas Technologies LLC, to focus on security. It was purchased as part of the demerger by the private equity firm The Carlyle Group for $ 8 billion in cash in 2016. It

138-464: A cost-sharing agreement (CSA) which was the subject of litigation with the U.S. Internal Revenue Service. Gen Digital Gen Digital Inc. (formerly Symantec Corporation and NortonLifeLock Inc. ) is a multinational software company co-headquartered in Tempe, Arizona and Prague , Czech Republic. The company provides cybersecurity software and services. Gen is a Fortune 500 company and

207-515: A crypto-miner was added to the Norton 360 product, called Norton Crypto. Once activated by the user, Norton Crypto mines Ethereum (ETH) using the installed machine's graphics card while idle. The program also creates a secure wallet on the same machine. Norton announced it was permanently disabling the feature on September 14, 2022, due to the Ethereum merge. On October 9, 2014, Symantec declared that

276-502: A $ 90 million Series C funding round, led by GV , the venture capital arm of Google parent Alphabet Inc. , and Sequoia Capital . In November 2017, Cohesity had 300 employees. On June 11, 2018, the company announced a Series D funding round of $ 250 million led by SoftBank Vision Fund . In August, the company introduced a SaaS -based management console called Helios. In February 2019, Cohesity launched their online MarketPlace to sell applications that run on its DataPlatform. In May,

345-544: A German version was shipped three weeks after the United States version, and it was the first software in the world that supported German Natural Language) following Turner's having emphasized establishing international sales distribution and multiple language versions of Q&A from the initial shipment. In 1985, Rod Turner negotiated the publishing agreement with David Whitney for Symantec's second product, which Turner named NoteIt (an annotation utility for Lotus 1-2-3 ). It

414-413: A Real Time Executive, developed by Tolerant, called RTE: both processors were 320xx processors. The system was marketed as the "Eternity Series." The TX software gained a level of fault-tolerance through check-pointing technology. Applications needed to be fortified with this check-pointing to allow roll-back of the application on another processor if a hardware failure occurred. Tolerant also developed

483-475: A business that had revenues, inventory, and customers, Eubanks chose to change nothing at BreakThrough Software for six months, and the actual merger logistics started in the summer of 1987, with Turner being appointed by Eubanks as general manager of the TimeLine business unit, Turner was made responsible for the successful integration of the company into Symantec and ongoing growth of the business, with P&L. There

552-463: A dashboard view of a customer's DataPlatform sites, including local and remote; on-premises; and in the public cloud. The AI-powered Helios platform is used by companies such as Palo Alto Networks . Many of the products in the Helios suite help companies after data loss events. The company's MarketPlace allows customers to purchase the company's other applications, as well as third party apps that run on

621-471: A database program. Hendrix hired several Stanford University natural language processing researchers as the company's first employees. In 1984, it became clear that the advanced natural language and database system that Symantec had developed could not be ported from DEC minicomputers to the PC. This left Symantec without a product, but with expertise in natural language database query systems and technology. As

690-552: A developer of various utilities for DOS. Turner was appointed as product group manager for the Norton business, and made responsible for the merger, with P&L responsibility. Ted Schlein was made product group manager for the Q&;A business. The Peter Norton group merger logistical effort began immediately while the companies sought approval for the merger, and in August 1990, Symantec concluded

759-435: A few years, Eubanks added chairmanship to his other roles. After a slow start for sales of Q&A in the fall of 1985 and spring of 1986, Rod Turner, a Symantec Sr. Executive, signed up a new advertising agency called Elliott/Dickens, embarked on an aggressive new advertising campaign, and came up with the "Six Pack Program" in which all Symantec employees, regardless of role, went on the road, training and selling nationwide in

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828-531: A forerunner of today's RAID systems by incorporating a journaling file system and multiple copies of the disk drive content. Dale Shipley formed Tolerant Software in January 1988. Tolerant Software produced a journaling file system and a virtual disk management system for the AT&;T UNIX platform, which was built by a new team led by John Carmichael. The firm started out with a relationship with AT&T to provide

897-534: A former employee, causing it to delay its annual earnings report. In August 2018, Symantec announced that the hedge fund Starboard Value had put forward five nominees to stand for election to the Symantec board of directors at Symantec's 2018 Annual Meeting of Stockholders. This followed a Schedule 13D filing by Starboard showing that it had accumulated a 5.8% stake in Symantec. In September 2018, Symantec announced that three nominees of Starboard were joining

966-524: A list of the then "100 dirtiest websites", which contain the most malware as detected by Norton Safe Web . Salem was abruptly fired in 2012 for disappointing earnings performance and replaced by Steve Bennett , a former CEO of Intuit and GE executive. In January 2013, Bennett announced a major corporate reorganization, with the goal of reducing costs and improving Symantec's product line. He said that sales and marketing "had been high costs but did not provide quality outcomes". He concluded that "Our system

1035-702: A member of the S&P 500 stock-market index. The company also has development centers in Pune , Chennai and Bangalore . Its portfolio includes Norton , Avast , LifeLock , Avira , AVG , ReputationDefender , and CCleaner . On October 9, 2014, Symantec declared it would split into two independent publicly traded companies by the end of 2015. One company would focus on security, the other on information management . On January 29, 2016, Symantec sold its information-management subsidiary, named Veritas , and which Symantec had acquired in 2004, to The Carlyle Group . On August 8, 2019, Broadcom announced they would be acquiring

1104-528: A member of the company's board of directors since July 2005 following the acquisition of VERITAS Software Corporation. Mr. Brown had served on the VERITAS board of directors since 2003. In July 2016, Symantec introduced a product to help carmakers protect connected vehicles against zero-day attacks. The Symantec Anomaly Detection for Automotive is an IoT product for manufacturers and uses machine learning to provide in-vehicle security analytics. Greg Clark assumed

1173-584: A new brand and a new CEO, Veritas Technologies planned to move its employees to its new headquarters in Santa Clara by the end of summer 2018. In September 2020, Veritas Technologies LLC acquired Los Angeles–based software company Globanet. Cohesity acquired Veritas in February 2024 for a deal valued at $ 7 billion, with Veritas being valued in the deal at $ 3 billion as per a Reuters report. In 1999, VERITAS Software Corp. (VERITAS US) and VERITAS Ireland entered into

1242-449: A new division of Symantec, and Eubanks delegated the choice of name to Turner. Turner chose the name Turner Hall Publishing, to be a new division of Symantec devoted to publishing third-party software and hardware. The objective of the division was to diversify revenues and accelerate the growth of Symantec. Turner chose the name Turner Hall Publishing, using his last name and that of Dottie Hall (Director of Marketing Communications) to convey

1311-452: A private equity group led by The Carlyle Group for $ 8 billion. The sale was completed by February 2016, turning Veritas into a privately owned company. Norton product line includes Norton AntiVirus , Norton Small Business, Norton Family , Norton Mobile Security, Norton Online Backup, Norton 360 , Norton Utilities and Norton Computer Tune Up. Norton's line also includes LifeLock and ReputationDefender . In 2012, PC Tools iAntiVirus

1380-467: A privately held company. The sale to go private was for $ 8 billion, and represented a mark-down on Symantec stock. After the demerger from Symantec in 2016, Veritas rebranded itself as Veritas Technologies LLC. with a new logo. As CEO, Bill Coleman was able to transform the company to have "a startup, win-in-the-marketplace, customer-first culture" during the two-year turnaround. On January 28, 2018, Veritas Technologies LLC. named Greg Hughes as its CEO. With

1449-445: A result, later in 1984, Symantec was acquired by another, smaller software startup company, C&E Software, founded by Denis Coleman and Gordon Eubanks and headed by Eubanks. C&E Software developed a combined file management and word processing program called Q&A . The merged company retained the name Symantec. Eubanks became its chairman, Vern Raburn, the former president of the original Symantec, remained as president of

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1518-561: A security software firm based in Fremont , California, with about 200 staff. As of November 30, 2005, all Sygate personal firewall products were discontinued. On January 29, 2007, Symantec announced plans to acquire Altiris , and on April 6, 2007, the acquisition was completed. Altiris specializes in service-oriented management software that allows organizations to manage IT assets. It also provides software for web services, security and systems management products. Established in 1998, Altiris

1587-683: A single cloud-native platform. It works with physical servers as well as virtual machines. The company also develops data management and backup software called DataProtect, which runs on DataPlatform. As of 2019, the most current version was code-named Pegasus. Pegusus v6.3 provides anti-ransomware features including machine learning-based anomaly detection. Through the acquisition of Imanis Data in 2019, Cohesity extended backup capabilities to NoSQL workloads distributed databases like MongoDB, Cassandra, Couchbase, and Hbase , as well as Hadoop data on Hadoop distributed file system (HDFS) datastores. The company's Helios SaaS management tool provides

1656-585: A total of $ 660 million. Cohesity filed for an IPO in December 2021. In April 2022, Cohesity partnered with Rackspace Technology . Using Cohesity DataProtect as its foundation, Rackspace Technology is a multi-cloud managed backup and recovery software. In August 2022, the company announced that Sanjay Poonen would replace Mohit Aron as CEO and President of Cohesity. Cohesity develops software used to consolidate and simplify data management, and includes analytics capabilities. The company's software also solves

1725-475: Is headquartered in Lindon , Utah . On November 5, 2007, Symantec announced its acquisition of Vontu, a Data Loss Prevention (DLP) company, for $ 350 million. On January 17, 2008, Symantec announced that it was spinning off its Application Performance Management (APM) business and the i3 product line to Vector Capital. Precise Software Solutions took over development, product management, marketing and sales for

1794-460: Is just broken". Robert Enderle of CIO.com reviewed the reorganization and noted that Bennett was following the General Electric model of being product-focused instead of customer-focused. He concluded "Eliminating middle management removes a large number of highly paid employees. This will tactically improve Symantec's bottom line but reduce the skills needed to ensure high-quality products in

1863-573: The APM business, launching as an independent company on September 17, 2008. On August 18, 2008, Symantec announced the signing of an agreement to acquire PC Tools . Under the agreement, PC Tools would maintain separate operations. The financial terms of the acquisition were not disclosed. In May 2013, Symantec announced they were discontinuing the PC Tools line of internet security software. In December 2013, Symantec announced they were discontinuing and retiring

1932-525: The Enterprise Security software division of Symantec for $ 10.7 billion. After the acquisition, Symantec became known as NortonLifeLock. After completing its merger with Avast in September 2022, the company adopted the name Gen Digital. Founded in 1982 by Gary Hendrix with a National Science Foundation grant, Symantec was originally focused on artificial intelligence -related projects, including

2001-615: The Enterprise software division of Symantec for $ 10.7 billion. This is after having attempted to purchase the whole company. The Norton family of products will remain in the Symantec portfolio. The sale closed on November 4, 2019, and subsequently, the company adopted the NortonLifeLock name and relocated its headquarters from Mountain View, California to LifeLock's offices in Tempe, Arizona. In 2021,

2070-510: The Mac, and this success made the Norton merger more strategic. Symantec had already begun the development of a DOS-based antivirus program one year before the merger with Norton. The management team had decided to enter the antivirus market in part because it was felt that the antivirus market entailed a great deal of ongoing work to stay ahead of new viruses. The team felt that Microsoft would be unlikely to find this effort attractive, which would lengthen

2139-407: The Q&A for Windows and the TimeLine for Windows development efforts during the critical period from 1988 through 1992. Symantec exited this business in the late-1990s as competitors such as Metrowerks , Microsoft and Borland gained significant market share. In 1996, Symantec Corporation was accused of misleading financial statements in violation of GAAP . From 1999 to April 2009, Symantec

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2208-466: The Symantec board, two with immediate effect (including Starboard Managing Member Peter Feld ) and one following the 2018 Annual Meeting of Stockholders. On May 9, 2019, Symantec announced that Clark would be stepping down and that board member Rick Hill, previously put forward by Starboard, had been appointed interim president and CEO. Vincent Pilette also joined Symantec as its new CFO. On August 8, 2019, Broadcom announced they would be acquiring

2277-545: The Turner Hall Card and SQZ!. The popularity of these products, while contributing a relatively small portion of revenues to Symantec, conveyed the impression that Symantec was already a diversified company, and indeed, many industry participants were under the impression that Symantec had acquired Turner Hall Publishing. In 1987, Byers recruited Ted Schlein into the Turner Hall Product Group to assist in building

2346-406: The United States. Turner named it Six Pack because employees were to work six days a week, see six dealerships per day, train six sales representatives per store and stay with friends free or at Motel 6 . Simultaneously, a promotion was run jointly with SofSell (which was Symantec's exclusive wholesale distributor in the United States for the first year that Q&A was on the market). This promotion

2415-571: The card as a standalone product. Turner Hall's third product, also a 1-2-3 add-in was SQZ! a Lotus 1-2-3 spreadsheet compression utility developed by Chris Graham Synex Systems . In the summer of 1986 Eubanks and Turner recruited Tom Byers from Digital Research , to expand the Turner Hall Publishing product family and lead the Turner Hall effort. By the winter of 1986–87, the Turner Hall Publishing division had achieved success with NoteIt,

2484-645: The chairman and the CEO would take zero pay, all vice presidents would take a 50% pay cut, and all other employees' pay was cut by 15%. Two employees were laid off. Eubanks also negotiated a sizable rent reduction on the office space the company had leased in the days of the original Symantec. These expense reductions, combined with strong international sales of Q&A, enabled the company to attain break-even. The significantly increased traction for Q&A from this re-launch grew Symantec's revenues substantially, along with early success for Q&A in international markets (uniquely

2553-464: The combined company. The new Symantec combined the file management and word processing functionality that C&E had planned, and added an advanced Natural Language query system (designed by Gary Hendrix and engineered by Dan Gordon) that set new standards for ease of database query and report generation. The natural language system was named "The Intelligent Assistant". Turner chose the name of Q&A for Symantec's flagship product, in large part because

2622-482: The company announced a Series B funding round of $ 55M, bringing its total at that point to $ 70M. In February 2016, the company announced the second generation of DataPlatform and DataProtect. In June, the company launched its 3.0 products, expanding data protection to physical servers. Also by June, the company had raised $ 70 million in venture funding in two rounds with Google Ventures , Qualcomm Ventures , and Sequoia Capital . On April 4, 2017, Cohesity announced

2691-490: The company into two parts. The security business would remain with Symantec, and the information management business would be known as Veritas Technologies Corporation. The separation of the companies was completed on January 29, 2016. On August 11, 2015, Symantec announced the sale of its Veritas information management business to The Carlyle Group . Veritas and Symantec achieved operational separation on October 1, 2015. The sale completed on January 30, 2016, when Veritas became

2760-400: The company made its first acquisition by buying Imanis Data, a provider of NoSQL data protection software. In July, the company announced it would be recognizing revenue predominantly from software, transitioning away from recognizing hardware revenue from the sale of backup appliances. In 2020, Cohesity raised $ 250 million in an E-round of funding. By December 2021, the company had raised

2829-487: The company would separate into two independent publicly traded companies by the end of 2015. Symantec will continue to focus on security, while a new company will be established focusing on information management. Symantec confirmed on January 28, 2015, that the information management business would be called Veritas Technologies Corporation, marking a return of the Veritas name. In August 2015, Symantec agreed to sell Veritas to

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2898-508: The company's DataPlatform. The company also makes a software development kit (SDK) available for programmers who want to develop their own apps for DataPlatform. In 2019, Cohesity announced its Disaster Recovery-as-a-Service offering, which allows customers to use Amazon Web Services (AWS) as a recovery location in the event of a disaster. In October 2020, DataProtect SaaS was available on AWS cloud. Cohesity's Security Advisor application scans for malware entry holes. SiteContinuity,

2967-489: The company, and indeed funded the losses of some of the product groups that were subsequently acquired. In 1989, Eubanks hired John Laing as VP worldwide sales, and Turner transferred the international division to Laing. Eubanks also recruited Bob Dykes to be executive vice president for operations and finance, in anticipation of the upcoming IPO. On June 23, 1989, Symantec had its IPO. In May 1990, Symantec announced its intent to merge with and acquire Peter Norton Computing ,

3036-403: The entire PC Tools brand and offering a non-expiring license to PC Tools Performance Toolkit, PC Tools Registry Mechanic , PC Tools File Recover and PC Tools Privacy Guardian users with an active subscription as of December 4, 2013. On April 18, 2008, Symantec completed the acquisition of AppStream , a nonpublic Palo Alto, California-based provider of endpoint virtualization software. AppStream

3105-515: The file (Veritas File System – VxFS) and disk management (Veritas Volume Manager – VxVM) software for its UNIX operating system, and to jointly market and support the products to the System OEMS ( Sun , HP , etc.). The OEM model provided royalties to Veritas when the OEM shipped its products to end users. On December 9, 1993, the company had its initial public offering (IPO), selling 16 million shares to

3174-515: The first day of business for the U.S. offices of the new, combined software company. As a result of this merger, Symantec includes storage- and availability-related products in its portfolio, namely Veritas File System (VxFS), Veritas Volume Manager (VxVM), Veritas Volume Replicator (VVR), Veritas Cluster Server (VCS), NetBackup (NBU), Backup Exec (BE) and Enterprise Vault (EV). On January 29, 2016, Symantec sold Veritas to The Carlyle Group . On August 16, 2005, Symantec acquired Sygate ,

3243-481: The long term." In March 2014, Symantec fired Steve Bennett from his CEO position and named Michael Brown as interim president and chief executive. Including the interim CEO, Symantec has had 3 CEOs in less than two years. On September 25, 2014, Symantec announced the appointment of Michael A. Brown as its president and chief executive officer. Brown had served as the company's interim president and chief executive officer since March 20, 2014. Mr. Brown has served as

3312-678: The market and it had the largest market share. AVG product line includes AVG AntiVirus , AVG Internet Security , AVG Secure VPN, AVG PC TuneUp , and AVG Driver Updater. Previously a publicly company in February 2012, it was acquired by Avast in July 2016 for $ 1.3 billion. Avira product line includes Avira Free Security, Avira Internet Security , Avira Prime and Avira Phantom VPN. Other products offered by Gen Digital include CCleaner , Recuva , Speccy , Defraggler , HMA , and SONAR . In 1993, Symantec acquired ACT! from Contact Software International . Symantec sold ACT! to SalesLogix in 1999. At

3381-468: The name lent itself to use in a short, easily merchandised logo. Brett Walter designed the user interface of Q&A (Brett Walter, director of product management). Q&A was released in November 1985. In 1986, Vern Raburn and Gordon Eubanks swapped roles, and Eubanks became CEO and president of Symantec, while Raburn became its chairman. After this change, Raburn had little involvement with Symantec, and in

3450-464: The new TimeLine Product Group , and simultaneously of the Q&A Product Group, and made Tom Byers general manager of the Turner Hall Product Group. Turner continued to build and lead the company's international business and marketing for the whole company. At the TimeLine Product Group, Turner drove strong marketing, promotion and sales programs to accelerate momentum. By 1989 this merger

3519-658: The position of CEO in August 2016. In November 2016, Symantec announced its intent to acquire identity theft protection company LifeLock for $ 2.3 billion. In August 2017, Symantec announced that it had agreed to sell its business unit that verifies the identity of websites to Thoma Bravo . With this acquisition, Thoma Bravo plans to merge the Symantec business unit with its own web certification company, DigiCert . On January 4, 2018, Symantec and BT (formerly British Telecom) announced their partnership that provides new endpoint security protection. In May 2018, Symantec initiated an internal audit to address concerns raised by

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3588-401: The problem of mass data fragmentation, as data proliferates across multiple systems or cloud providers. Their software also focuses on data security, backing up corporate data. The company's main product, DataPlatform, is hyper converged software that allows businesses to consolidate a variety of workloads, including backups, archives, test and development, along with analytics data, onto

3657-433: The product family and in marketing. Revenues from Q&A, and Symantec's early launch into the international marketplace, combined with Turner Hall Publishing, generated the market presence and scale that enabled Symantec to make its first merger/acquisition, in February 1987, that of Breakthrough Software , maker of the TimeLine project management software for DOS. Because this was the first time that Symantec had acquired

3726-472: The public, and valuing the company at $ 64 million. At the end of 1996, Veritas had revenues of $ 36 million. In 1998, Veritas decided to consolidate most of its offices to one corporate headquarters in Mountain View and hired Ernst and Young to plan the new 550,000 sq ft facility. David Bentley of EY led the team to hire HOK as the architect and Rudolf and Sletten as the general contractor. The new facility

3795-503: The purchase—by this time the combination of the companies was already complete. Symantec's consumer antivirus and data management utilities are still marketed under the Norton name. At the time of the merger, Symantec had built upon its Turner Hall Publishing presence in the utility market, by introducing Symantec Antivirus for the Macintosh (SAM), and Symantec Utilities for the Macintosh (SUM). These two products were already market leaders on

3864-446: The sense of a stable, long-established, company. Turner Hall Publishing's first offering was Note-It, a notation utility add-in for Lotus 1-2-3, which was developed by David Whitney, and licensed to Symantec. Its second product was the Turner Hall Card, which was a 256k RAM, half slot memory card, initially made to inexpensively increase the available memory for Symantec's flagship product, Q&A. The Turner Hall division also marketed

3933-400: The time it was the world's most popular CRM application for Windows and Macintosh . On December 16, 2004, Veritas and Symantec announced their plans for a merger. With Veritas valued at $ 13.5 billion, it was the largest software industry merger to date. Symantec's shareholders voted to approve the merger on June 24, 2005; the deal closed successfully on July 2, 2005. July 5, 2005, was

4002-485: The viability of the market for Symantec. Turner decided to use the Norton name for obvious reasons, on what became the Norton Antivirus , which Turner and the Norton team launched in 1991. At the time of the merger, Norton revenues were approximately 20 to 25% of the combined entity. By 1993, while being led by Turner, Norton product group revenues had grown to approximately 82% of Symantec's total. At one time Symantec

4071-601: Was a heavy emphasis placed on making the minimum disruption by Eubanks and Turner. Soon after the acquisition of TimeLine/Breakthrough Software, Eubanks reorganized Symantec, structuring the company around product-centric groups, each having its development, quality assurance, technical support, and product marketing functions, and a general manager with profit and loss responsibility. Sales, finance, and operations were centralized functions that were shared. This structure lent itself well to Symantec's further growth through mergers and acquisitions. Eubanks made Turner general manager of

4140-655: Was acquired to complement Symantec's endpoint management and virtualization portfolio and strategy. Cohesity Cohesity is an American privately held information technology company headquartered in San Jose , California with offices in India and Ireland . The company develops software that allows IT professionals to backup, manage and gain insights from their data across multiple systems or cloud providers. Their products also include anti-ransomware features, Disaster Recovery-as-a-Service, and SaaS management. Cohesity

4209-641: Was also known for its development tools, particularly the THINK Pascal , THINK C , Symantec C++ , Enterprise Developer and Visual Cafe packages that were popular on the Macintosh and IBM PC compatible platforms. These product lines resulted from acquisitions made by the company in the late 1980s and early 1990s. These businesses and the Living Videotext acquisition were consistently unprofitable for Symantec, and these losses diverted expenditures away from both

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4278-416: Was completed in 2001 along the new light rail facility. On December 16, 2004, Veritas and Symantec announced their plans for a merger in a deal valued at $ 13.5 billion. The deal created the fourth-largest software firm in the world to date. Veritas and Symantec's shareholders approved the merger on June 24, 2005, and it was completed on July 2. On October 10, 2014, Symantec announced it planned to split

4347-495: Was evident to Turner that NoteIt would confuse the dealer channel if it was launched under the Symantec name because Symantec had built up interest by that stage in Q&A (but not yet shipped it), and because the low price for the utility would not be initially attracted to the dealer channel until demand had been built up. Turner felt that the product should be marketed under a unique brand name. Turner and Gordon E. Eubanks Jr. , then chairman of Symantec Corporation, agreed to form

4416-493: Was founded in June 2013 by Mohit Aron . Aron previously co-founded storage company Nutanix . While still in stealth mode , it closed a Series A funding round of $ 15M. The company launched publicly in June 2015, introducing a platform designed to consolidate and manage secondary data. In October, Cohesity announced the public launch of its data management products, DataPlatform and DataProtect. As part of coming out of stealth mode,

4485-465: Was led by CEO John W. Thompson , a former VP at IBM. At the time, Thompson was the only African-American leading a major US technology company. He was succeeded in April 2009 by the company's long-time Symantec executive Enrique Salem . Under Salem, Symantec completed the acquisition of Verisign 's Certificate Authority business, dramatically increasing their share of that market. In 2009, Symantec released

4554-569: Was rebranded as a Norton product under the name iAntiVirus, and released to the Mac App Store . Also in 2012, the Norton Partner Portal was relaunched to support sales to consumers throughout the EMEA . Avast product line includes Avast Antivirus , Avast Premium Security, Avast Cleanup , Avast Secure Browser , and Avast SecureLine VPN . As of 2017, it is the most popular antivirus vendor on

4623-415: Was sold again in 2024 to software firm Cohesity , valued at $ 3 billion. The company was founded by Eli Alon and Dale Shipley (both from Intel ) as Tolerant Systems in 1983 to build fault-tolerant computer systems based on the idea of "shoe box" building blocks. The shoe box consisted of an OS processor, running a version of Unix called TX , and on which applications ran, and an I/O processor , running

4692-428: Was very successful in encouraging dealers to try Q&A. During this time, Symantec was advised by its board members Jim Lally and John Doerr that if it would cut its expenses and grow revenues enough to achieve cash flow break-even, then Kleiner, Perkins, Caufield & Byers would back the company in raising more venture capital . To accomplish this, the management team worked out a salary reduction schedule where

4761-405: Was very successful—product group morale was high, TimeLine development continued apace, and the increased sales and marketing efforts applied built the TimeLine into the clear market lead in PC project management software on DOS . Both the Q&A and TimeLine product groups were healthily profitable. The profit stream and merger success set the stage for subsequent merger and acquisition activity by

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