Symantec Corporation Acquires Altiris Inc. for $830M

Siemens Acquires Altair Engineering

March 26, 2025

Software

Siemens AG has completed the acquisition of Altair Engineering Inc. for an enterprise value of approximately USD 10 billion. The deal adds Altair's capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI to Siemens' Xcelerator platform, strengthening Siemens' industrial software and digital twin offerings.

Broadcom Acquires Symantec Enterprise Security Business

November 4, 2019

Cybersecurity

Broadcom Inc. completed its acquisition of the Enterprise Security business of Symantec Corporation, which will operate as the Symantec Enterprise division within Broadcom. The deal expands Broadcom’s infrastructure software portfolio and brings Symantec’s enterprise security products, customers and employees into Broadcom’s software franchises.

Altaris Acquires Trean Insurance Group

April 18, 2023

Insurance

Altaris, LLC completed a take-private acquisition of Trean Insurance Group, Inc., acquiring the remaining publicly held shares for $6.15 per share in a transaction that implied an approximate $316 million equity value. Trean will remain headquartered in Wayzata, Minnesota, with Julie Baron continuing as President and CEO and founder Andrew O'Brien remaining as Executive Chairman and an investor; Trean will cease trading on Nasdaq following the closing.

Altaris Acquires Sharecare

June 25, 2024

Healthcare Services

Altaris, a healthcare-focused investment firm, agreed to acquire publicly traded digital health company Sharecare in a take-private transaction at $1.43 per share. The deal will take Sharecare private (stockholders approved the transaction) and positions the company to operate as a standalone portfolio company under Altaris to accelerate growth and product/service development.

NortonLifeLock Acquires Avira from Investcorp for $360 Million

December 7, 2020

Cybersecurity

NortonLifeLock agreed to acquire Germany-headquartered cybersecurity software provider Avira from Investcorp for approximately $360 million in an all-cash deal announced in December 2020. The transaction, expected to close in Q1 2021 subject to regulatory approvals, strengthens NortonLifeLock’s consumer cyber-safety portfolio and builds a larger European footprint for the combined business.

Hornetsecurity Group Acquires Altaro

January 12, 2021

Cloud & SaaS

Hornetsecurity Group, a Germany-based cloud email security provider backed by PSG and Verdane, has agreed to acquire Altaro, a Malta-headquartered developer of backup solutions for Microsoft 365 and virtual machines. The deal expands Hornetsecurity's product suite and international footprint by adding Altaro's Office 365 and VM backup capabilities to create a broader cloud security and compliance platform.