Symantec Said to Be a Thoma Bravo Acquisition Target

Is private equity firm Thoma Bravo interested in acquiring Symantec?

…Larry Walsh, CEO and chief analyst of The 2112 Group, and member of the Channel Partners Editorial Advisory Board, said it’s not surprising that Symantec is attracting the interest of a private-equity firm, particularly one “steep in security experience.”
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“The security market continues to expand at a rate of 8-10 percent annually,” he said. “The growth opportunity has investors looking for strong points of entry to this growth opportunity. While Symantec continues to grapple with organizational and performance issues, it remains one of the biggest and strongest security vendors in the market, and a potentially strong platform for an investor like Thoma Bravo.”

Despite some performance and organization issues, Symantec is a strong company and doesn’t necessarily need an acquisition the likes of a private-equity takeover, Walsh said. And the fact that Symantec shares spiked 15 percent shows that it would take a “premium price to pull off an acquisition,” he said.

“For partners, Thoma Bravo buying Symantec is likely a good thing,” he said. “Symantec is investing in its partner community. Thoma Bravo has tremendous experience in building channel-centric security companies. It would stand to reason that if Thoma Bravo pulls off this deal, it will likely invest more in the channel organization to drive growth and increase Symantec’s valuation.”…

Written by Edward Gately

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