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Acer America
Acer America Corp. is a computer manufacturer of business and consumer PCs, notebooks, ultrabooks, projectors, servers, and storage products.

Location

333 West San Carlos Street
San Jose, California 95110
United States

WWW: acer.com

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Press Releases

August 3, 2017 |

DigiCert to Acquire Symantec’s Website Security and Related PKI Solutions

MOUNTAIN VIEW, Calif. and LEHI, Utah – August 2, 2017 – Symantec Corp. (NASDAQ:SYMC), the world’s leading cyber security company, and DigiCert Inc., a leading provider of scalable identity and encryption solutions for the enterprise, today announced an agreement under which DigiCert will acquire Symantec’s Website Security and related PKI solutions.

MOUNTAIN VIEW, Calif. and LEHI, Utah – August 2, 2017 – Symantec Corp. (NASDAQ:SYMC), the world’s leading cyber security company, and DigiCert Inc., a leading provider of scalable identity and encryption solutions for the enterprise, today announced an agreement under which DigiCert will acquire Symantec’s Website Security and related PKI solutions. Under the terms of the agreement, Symantec will receive approximately $950 million in upfront cash proceeds and approximately a 30 percent stake in the common stock equity of the DigiCert business at the closing of the transaction.

The addition of Symantec’s website security solutions to DigiCert’s offerings will bring together the industry’s top talent and provide customers with an enhanced technology platform, unparalleled customer support and market-leading innovations. DigiCert will gain capabilities to take advantage of growth opportunities in IoT and bring new approaches to the SSL market. DigiCert will continue to operate from its headquarters in Lehi, Utah and will employ over 1,000 professionals.

“Transitioning our Website Security and related PKI solutions to DigiCert allows us to sharpen our enterprise focus on delivering unparalleled protection for the cloud generation through Symantec’s Integrated Cyber Defense Platform. As our recently announced deals with Fireglass and Skycure demonstrate, we are accelerating the pace of innovation we bring to market through a combination of acquisitions as well as development from the ground up,” said Symantec CEO Greg Clark.

Clark added, “We carefully examined our options to ensure our customers would have a world-class experience with a company that offers a modern website PKI platform and is poised to lead the next generation of website security innovation. I’m thrilled that our customers will benefit from a seamless transition to DigiCert, a company that is solely focused on delivering leading identity and encryption solutions. Symantec is deeply committed to the success of this transition for our customers.”

“We look forward to building a great security company and supporting all of Symantec’s and DigiCert’s customers well into the future. We have assembled the best team in the industry to help us deliver even better security solutions and service to our customers,” said DigiCert CEO John Merrill. “DigiCert is committed to providing the market with innovative products, the highest level of trust, and experienced leadership in the SSL and PKI community. We are excited about the opportunities ahead, and will work toward a smooth transition for customers and employees of Symantec’s Website Security business.”

“We know the cyber security market well and have worked closely with DigiCert to achieve high growth and develop customer-friendly solutions,” said Robert Sayle, a Partner at Thoma Bravo, the private equity firm that has backed DigiCert since 2015. “With this transaction, DigiCert expands its incredible talent and experience to lead the next generation of global website security. We are excited to support this enhanced company as it serves its customers and pursues opportunities for innovation and growth.”

DigiCert will continue to be led by CEO John Merrill and an executive team with significant industry experience. Given the shared commitment to customer service, existing Symantec Website Security customers will be able to transition to a new platform that meets all industry standards and browser requirements and provides the foundation for future innovation in the Certificate Authority space for the benefit of customers.

The transaction, which has been unanimously approved by the Symantec Board of Directors, is expected to be completed in the third quarter of fiscal 2018, subject to the satisfaction of customary closing conditions.

J.P. Morgan Securities LLC is serving as financial advisor, and Fenwick & West LLP is serving as legal counsel to Symantec. Financing for the transaction was provided by UBS Investment Bank, Credit Suisse, Jefferies Finance LLC and Goldman Sachs Bank USA. UBS Investment Bank, Credit Suisse and Jefferies LLC are serving as financial advisors, and Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and DigiCert.

About Symantec
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.

NOTE TO U.S. EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec, the Symantec logo and the Checkmark logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

About DigiCert
DigiCert is a leading provider of scalable security solutions for a connected world. The most innovative companies, including the Global 2000, choose DigiCert for its expertise in identity and encryption for web servers and Internet of Things devices. DigiCert supports SSL/TLS and other digital certificates for PKI deployments at any scale through its certificate lifecycle management platform, CertCentralÆ. The company has been recognized with dozens of awards for its enterprise-grade management platform, fast and knowledgeable customer support, and market-leading growth. For the latest DigiCert news and updates, visit digicert.com or follow @digicert.

About Thoma Bravo
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago.

Forward-Looking Statements
This press release contains statements regarding the pending sale of our website security and related PKI solutions, which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements regarding the expected benefits to be realized as a result of the sale and statements with respect to the proposed timing of the closing of the sale. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include those related to: satisfying all closing conditions and consummating the pending transaction; general economic conditions; maintaining customer and partner relationships; fluctuations in tax rates and currency exchange rates; the timing and market acceptance of new product releases and upgrades; the successful development of new products, and the degree to which these products and businesses gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. We assume no obligation, and do not intend, to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors section of our Form 10-K for the year ended March 31, 2017.

Contacts
Symantec Corp.

Media:
Kristen Batch, 650-527-5152
kristen_batch@symantec.com

or

Investors:
Nate Pollack
Nate_Pollack@symantec.com

DigiCert

Media:

Jeff Chandler, 801-701-9653
jeff.chandler@digicert.com

Thoma Bravo

Matthew Gorton, 212-776-1161
mgorton@hstrategies.com


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