Huawei Technologies will buy out the rest of a joint venture with Symantec for $530 million, the companies announced on Monday.
Huawei Symantec Technologies, is based in Hong Kong, was formed in 2008 to integrate Symantec storage and security software into appliances built with Huawei's telecommunications equipment expertise. Symantec owns 49 percent of Huawei Symantec Technologies, while Huawei holds 51 percent.
After the sale, which is expected to close in the first quarter of 2012, Symantec will receive royalties from Huawei for seven years for the technologies it contributes to the appliances.
Huawei Symantec Technologies, is based in Hong Kong, was formed in 2008 to integrate Symantec storage and security software into appliances built with Huawei's telecommunications equipment expertise. Symantec owns 49 percent of Huawei Symantec Technologies, while Huawei holds 51 percent.
After the sale, which is expected to close in the first quarter of 2012, Symantec will receive royalties from Huawei for seven years for the technologies it contributes to the appliances.
Huawei Symantec products exists in the Libyan Market , I've seen it in LTT datacenter. It was installed and used by Huawei.
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