Huawei Symantec Technologies Co. Ltd. is a developer, producer and supplier of network security, storage and computing solutions. It is headquartered in Chengdu, People's Republic of China. Huawei Symantec is a joint venture between Huawei and Symantec. Huawei originally owned 51% of the company, while Symantec owned 49%. On November 14th, 2011, Beijing Time, Huawei and Symantec reached an agreement on a transaction where Huawei will acquire Symantec’s 49 percent stake in Huawei Symantec Technologies Co., Ltd. for USD 530 million. Upon closing the agreement will give Huawei full... ownership of Huawei Symantec. Huawei Symantec and Symantec Corporation are two separate entities. Huawei Symantec is a Chinese based company, while Symantec Corporation is a US based corporation headquartered in Mountain View, California. Ren Zhengfei, the CEO of Huawei, is the CEO of Huawei Symantec. Huawei Symantec is a holder of more than 300 patents in storage and network security field, and about 30 of them were accepted as formal technological standards.
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