Symantec gets Boeing cybersecurity engineers in Narus deal
Symantec said it is hiring 65 engineers and data scientists from Boeing’s Narus security division and licensing technology from the company, which Boeing acquired in 2010.
Symantec, which is planning to split its cybersecurity and data-storage divisions this year, struck a deal to hire 65 engineers and data scientists from Boeing’s Narus security division, which makes network-monitoring technologies used by the U.S. government.
Symantec is also licensing technology from Narus, a company that Boeing bought in 2010, Symantec Chief Technology Officer Amit Mital wrote in a blog post today.
Mountain View, California-based Symantec said in October that it would split into two publicly traded companies, reversing a decade-old expansion, to be nimbler and more focused. Investors had long argued that Symantec, which has a market capitalization of $17.5 billion, was being hurt by the combination of high-margin security business with its less profitable storage division. The split will be completed by December of this year, Symantec said.
Narus was at the center of claims in 2006 by former AT&T technician Mark Klein that the technology was used by AT&T in service of the National Security Agency’s warrantless wiretap program. Mark Siegel, a spokesman for AT&T, declined to comment. NSA spokeswoman Vanee Vines said she couldn’t immediately comment. Terms of the deal weren’t disclosed.
The Wall Street Journal earlier reported the Narus acquisition.