The end of Symantec and Huawei Technologies joint venture!

by George Chetcuti [Published on 27 March 2012 / Last Updated on 27 March 2012]

The deal that took off four years ago between Symantec and the Chinese company Huawei, to develop computer network security products came to an end as the US government effort to enhance cyber security is producing both direct and indirect benefits! Symantec is a global leader in security, storage and systems management solutions and Huawei is a leading global information and communications technology (ICT) solutions provider.
Enrique Salem, president and chief executive officer at Symantec said:
"Symantec achieved the objectives we set four years ago and exit the joint venture with a good return on our investment, increased penetration into China and a growing appliance business,"
Read the press release here - http://investor.symantec.com/phoenix.zhtml?c=89422&p=irol-newsArticle_pf&ID=1630133&highlight
Read more here - http://www.nytimes.com/2012/03/27/technology/symantec-dissolves-alliance-with-huawei-of-china.html?_r=1

The deal that took off four years ago between Symantec and the Chinese company Huawei, to develop computer network security products came to an end as the US government effort to enhance cyber security is producing both direct and indirect benefits! Symantec is a global leader in security, storage and systems management solutions and Huawei is a leading global information and communications technology (ICT) solutions provider.

Enrique Salem, president and chief executive officer at Symantec said:

"Symantec achieved the objectives we set four years ago and exit the joint venture with a good return on our investment, increased penetration into China and a growing appliance business,"

Read the press release here - http://investor.symantec.com/phoenix.zhtml?c=89422&p=irol-newsArticle_pf&ID=1630133&highlight

Read more here - http://www.nytimes.com/2012/03/27/technology/symantec-dissolves-alliance-with-huawei-of-china.html?_r=1

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