Here are 5 reasons Symantec is buying Blue Coat
As cyber threats diversify and expand, anti-virus provider Symantec is doing the same. Late Sunday, the company said it would shell out $4.65 billion to acquire Web security provider Blue Coat. Here are five reasons the deal could make sense for Symantec.
1. Threats are evolving, Symantec needs to as well
Symantec has been selling PC antivirus products for years but the PC market has slumped and cyber threats are getting sneakier and more malicious. Two years ago, a Symantec executive even declared that antivirus were “dead.” Nowadays, dangers such as zero-day exploits and ransomware are affecting businesses and consumers alike, and antivirus products can’t keep up.