NortonLifeLock

NortonLifeLock

NortonLifeLock

Overview
Date Founded

1988

Headquarters

350 Ellis St Mountain View, CA, 94043, United States

Type of Company

Public

Employees (Worldwide)

3,600

Industries

Computer Software
IT Consulting & Services

Company Description

NortonLifeLock, Inc. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

General Counsel & Corporate Secretary

Chief Marketing Officer & Head-Communications

Chief Commercial Officer

Chief Information Officer

Chief Product Officer

Chief People & Culture Officer

General Manager, Global Services & Support

Head of Global Sales & Field Marketing

Board of Directors

Former Chief Executive Officer at Technicolor SA

Chairman & Managing Partner at Silver Lake Management Co. LLC

Managing Director at Bain Capital Private Equity LP

Former Chief Sales & Marketing Officer at Hewlett-Packard Enterprise Co.

Compliance Committee at Apcera, Inc.

Fund Advisor at Altaba, Inc. (Investment Company)

Founder at Starboard Value LP

Chief Executive Officer at NortonLifeLock

Paths to NortonLifeLock
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NortonLifeLock
Owners & Shareholders
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Starboard Value invests primarily, although not exclusively, in the securities of US public companies they believe are deeply undervalued by the marketplace and likely to experience a significant appreciation in value as a result of operational improvements or a change in ownership, corporate direction or management or improved corporate governance. The firm typically conducts a thorough analysis of management, capital structure and corporate governance related issues, valuing the company using a traditional, fundamental, and value-based approach.

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Since 1967, Beutel Goodman has specialized in applying a value approach to the management of domestic and global equity, balanced and fixed income mandates for institutional and individual investors. Cash flow analysis forms the foundation for both equity and fixed income analysis and valuation. For the fixed income side strong free cash flows facilitates debt repayment and safety of principal. For the equity side strong free cash flows provide the financial flexibility to support organic growth and profitability, make strategic acquisitions, buy back shares and pay dividends. Beutel Goodman's in-depth, and bottom up investment style leads to investments in strong companies with less cyclicality for fixed income mandates and more value upside for equity mandates.

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Contour Asset Management seeks to leverage their industry-specific expertise and disciplined portfolio management in an attempt to produce attractive absolute risk-adjusted returns. The firm generally has broad and flexible investment authority. They seek to make long and short investments in equities and equity related derivatives, with a focus on global technology, media and telecommunications (“TMT”) sectors. TMT is defined to be inclusive of all related services, distribution channels (commercial & retail) and/or businesses whose main infrastructure process is information technology-enabled.

Recent Transactions
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RELX Plc, LexisNexis Risk Solutions, Inc. purchase ID Analytics, Inc. from NortonLifeLock

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Broadcom, Inc. purchases Symantec Corp. /Enterprise Security Assets from NortonLifeLock

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NortonLifeLock purchases Luminate Security Ltd. from U.S. Venture Partners, Aleph Venture Capital

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onNortonLifeLock purchases VERITAS Software Corp.

Accountant

Advised onNortonLifeLock purchases AXENT Technologies, Inc.

Legal Advisor

Advised onNortonLifeLock purchases AXENT Technologies, Inc.

Legal Advisor

Advised onNortonLifeLock purchases VERITAS Software Corp.

Legal Advisor

Advised onNortonLifeLock purchases VERITAS Software Corp.

Counsel

Advised onNortonLifeLock purchases VERITAS Software Corp.

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Global Co-Chair, Intellectual Property Litigation Practice at Latham & Watkins LLP

Clients

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Wolters Kluwer enables legal, tax, finance, and healthcare professionals to be more effective and efficient. We provide information, software, and services that deliver vital insights, intelligent tools, and the guidance of subject-matter experts. We create value by combining information, deep expertise, and technology to provide customers with solutions that improve their quality and effectiveness. Professionals turn to us when they need actionable information to better serve their clients. Our 175+ years of history stretch across many geographies and areas of expertise. Our revenue is spread globally with 6% coming from fast-growing, emerging markets, 44% from Europe, and 50% from North America.

Allied Electronics is a small order, high service level distributor of electronic components and electromechanical products with over 50 sales offices across the United States and Canada. America's Distributor of Choice Originally established as the radio parts distribution arm of Columbia Radio Corporation in 1928, Allied Electronics has built an enviable reputation as a distributor of electronic components over the years. Now, as a subsidiary of Electrocomponents plc (LSE: ECM), Allied has added a global presence to its customer orientation. Excellent service combined with 99.9% order and shipping accuracy delivers a powerful supply chain solution to meet customer demands. Personal Expertise Allied understands that customers are more than an account number – they are people first and customers second. Allied maintains over 50 sales offices across the United States and Canada to offer personal expertise from a local, dedicated account manager to customers. The Allied web site, alliedelec.com, offers over 2 million products and is a powerful tool for any engineer or purchaser. Allied distributes catalogs at no cost to customers that prefer to use both print and the web. Product Solutions With more than 2 million parts online and more than 110,000 products featured in the Allied catalog, engineers and purchasers often look to Allied for prototyping due to its broad range of product solutions from over 300 world-class suppliers. Allied’s relationships with suppliers are a key strength in maintaining high standards of product availability. The breadth of product offering means that Allied is able to provide product solutions to a wide range of customers from all areas of industry and commerce. Allied Electronics Operations Allied ships from its centrally located 357,000 square foot distribution center in Fort Worth, Texas and currently stocks over 165,000 SKUs. The distribution center uses RF technology to accommodate paperless pick and put-away processes. The streamlined system allows for same day shipping on orders placed up to 10:00 pm ET

Key Stats and Financials As of 2020
Market Capitalization
$12.6B
Total Enterprise Value
$13.8B
Earnings Per Share
$0.89
Revenue
$2.49B
Total Equity
$10M
Total Debt
$4.32B
Enterprise Value / Sales
5.55x
Debt TEV
0.31x
EBITDAMargin
35.82%
Enterprise Value EBITDAOperating
15.38x
TEVNet Income
24.03x
EBITDA
$892M
Net Profit
$575M
Three Year Compounded Annual Growth Rate Of Revenue
-14.75%
Non-Profit Donations & Grants
$2,500 - $4,999
2019
Political Donations
$1,000
2014
$1,000
2014
$2,000
2013
Investments
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Veracode, Inc. engages in the provision of software security solutions. The firm offers greenlight, static analysis, software composition analysis, dynamic analysis, application security platform, developer training, and vendor application security testing. Its services include application security consulting, technical support, manual penetration testing, developer training, security program management, third-party security, and veracode services packages. The company was founded by Christopher Wysopal, Jeffrey Lyle Fagnan, Matthew P. Moynahan, Christien Rioux and Michael Pittenger in 2006 and is headquartered in Burlington, MA.

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Mocana Corp. develops security software solutions. It mobilizes enterprise data and protects millions of the smart connected devices that comprise the Internet of Things. The firm’s enterprise mobile app security platform provides organizations with an easy way to deliver business-critical mobile apps, with a end user experience, tap-and-go simplicity and strong security, for internal and external users. It also unlocks the extended mobile enterprise and simplifies wide-scale deployments by securing apps automatically, in seconds. The company was founded by Adrian Turner and James Andrew Blaisdell in 2002 and is headquartered in Sunnyvale, CA.

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Backupify, Inc. provides online backup solutions. Its products include google apps backup, office 365 backup, salesforce and social media backup, pricing and cloud to cloud backup. The company was founded by Vikram Chadha, Robert May and Dharmesh Shah in November 2008 and is headquartered in Boston, MA.

Investors
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Chief Executive Officer, Co-Founder at Sentinel Labs, Inc.

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Adivsor at Nutanix, Inc.

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Advisor at BOLDSTART VENTURES MANAGEMENT LLC

Suppliers
Genpact Ltd. IT Consulting & Services

Genpact is a global professional services firm that makes business transformation real. They drive digital-led innovation and digitally-enabled intelligent operations for their clients, guided by their experience running thousands of processes primarily for Global Fortune 500 companies. They think with design, dream in digital, and solve problems with data and analytics. Combining their expertise in end-to-end operations and their AI-based platform, Genpact Cora, they focus on the details – all 90,000+ of them. From New York to New Delhi and more than 30 countries in between, they connect every dot, reimagine every process, and reinvent companies’ ways of working. They create resilient, more sustainable, business outcomes.

NIIT Ltd. Other Business & Consulting Services | Gurgaon, India

NIIT Limited is an Indian Multinational company that offers learning management and training delivery solutions to corporations, institutions and individuals. It has three main lines of business worldwide: Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG). In 2006, the IT services business of NIIT was demerged into a separately listed company NIIT Technologies. NIIT Limited now focuses on Corporate Training, Vocational Training for Services Sectors and Education and Training in Schools. NIIT Limited owns 23.98% of NIIT Technologies.

SolarWinds, Inc. Internet Software & Services | Austin, Texas

Since our founding in 1999, SolarWinds’ (NYSE: SWI) mission has been to provide purpose-built products that are designed to make IT professionals’ jobs easier. We offer value-driven products and tools that solve a broad range of IT management challenges – whether those challenges are related to networks, servers, applications, storage or virtualization. We distinguish ourselves by refusing to accept the status quo established by most other enterprise software vendors. Face it: The vast majority of IT management tools today are difficult to use, expensive, and really do not address the realities of today’s real-world IT management challenges. Sadly, IT pros have resigned themselves to accept this as just another part of the job. But we do not think enterprise software has to be as complicated as its made out to be. At SolarWinds, we are fanatical about putting our users first in everything we do. We strive every day to deliver powerful functionality that is easy to use with one of the fastest and longest lasting ROIs in the market. Our approach is to deliver "unexpected simplicity" and redefine the expectations IT Pros have for enterprise software. Simply put, we work to: Eliminate the complexity found in traditional enterprise software – making it easier to find, buy, deploy and maintain. Connect with our community – using daily interactions with our large, global user community to guide our product development and strategy. Constantly evolve our products – ensuring that our software is on point to meet the most important problems that IT Pros have today, and continues to deliver increasing value over the lifetime of ownership. Our company was built by network and systems engineers who know what it takes to manage today’s dynamic IT environments. They combined this expertise with a deep connection to the IT community to create IT management products that are effective, accessible and easy to use. The result? IT management software that works for you – and that delivers on our promise of "unexpected simplicity.

Competitors
Microsoft Corporation Computer Software - Fort Collins, CO

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Equifax, Inc. Accounting & Financial Services - Atlanta, GA

Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers. Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses — large and small — rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being. Headquartered in Atlanta, Georgia, Equifax Inc. employs approximately 7,000 people in 15 countries through North America, Latin America and Europe. Equifax is a member of Standard & Poor’s (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.

The Allstate Corp. Other Insurance Services - Northbrook, Illinois

The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Service Businesses, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto and homeowners insurance through agencies and directly through call centers and the internet. These products are marketed under the Allstate, Encompass and Esurance brand names. The Service Businesses segment offers a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside, and Allstate Dealer Services. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products through Allstate exclusive agencies and exclusive financial specialists. The Allstate Benefits segment gives voluntary benefits products, including life, accident, critical illness, short-term disability, and other health products sold through workplace enrolling independent agents and Allstate exclusive agencies. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities. The Discontinued Lines and Coverages segment includes results from property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment comprises of the company's activities and certain non-insurance operations. The company was founded on April 17, 1931 and is headquartered in Northbrook, IL.

Awards & Honors
Rank #400
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #400
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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