Gen Digital Inc. develops consumer cyber safety, online privacy, identity protection and financial wellness products through brands including Norton, Avast, LifeLock and MoneyLion. Company news commonly covers earnings releases and guidance, product updates, and the expansion of security and privacy features across Norton 360, Norton Neo, VPN services and AI-agent protection.
Recurring developments also include partnerships that integrate Gen technology into consumer AI and financial information experiences, updates from Gen Threat Labs, and product initiatives tied to phishing defense, anti-fingerprinting, VPN connectivity, identity agents and compliant financial product recommendations.
NortonLifeLock (NASDAQ: NLOK) announced the election of Sherrese Smith and Emily Heath to its Board of Directors effective immediately. Smith, a partner at Paul Hastings LLP, brings extensive experience in data privacy and cybersecurity, while Heath serves as Chief Trust and Security Officer at DocuSign. The company also noted the immediate resignation of David Humphrey from the Board following Bain Capital's investment and the transition to a standalone consumer Cyber Safety entity. Chairman Frank E. Dangeard expressed confidence in the new appointees' ability to positively impact the company.
NortonLifeLock (NASDAQ: NLOK) will release its fiscal 2021 Q3 financial results on February 4, 2021, after market close. The company will hold a conference call at 2 p.m. PST / 5 p.m. EST, accessible via dial-in or webcast. NortonLifeLock is a leader in consumer Cyber Safety, aiming to protect around 50 million consumers' digital lives through a diverse range of security products. The earnings call will provide insights into their financial performance and future outlook.
NortonLifeLock (NASDAQ: NLOK) has launched the new Norton™ 360 app, unifying device security, online privacy, and identity features into a single platform for its customers. Available on Google Play and Apple App Store, this app enhances user experience by consolidating multiple apps into one. Key features include Dark Web Monitoring, secure VPN, device security alerts, and app advisories to protect against malware. The app aims to provide seamless, comprehensive Cyber Safety management for approximately 50 million consumers worldwide.
Investcorp has entered a definitive agreement to sell Avira, a cybersecurity solutions firm, to NortonLifeLock (NLOK) for approximately $360 million. The transaction is expected to close in Q1 2021, pending regulatory approvals. Avira offers a range of security solutions and has over 30 million protected devices globally. This sale marks the first exit from Investcorp's $400 million Technology Partners Fund IV. Both companies aim to enhance their market presence and services in the growing cybersecurity sector.
NortonLifeLock (NASDAQ: NLOK) has announced the acquisition of Avira for approximately $360 million in an all-cash transaction. This strategic move aims to enhance NortonLifeLock's cybersecurity offerings, particularly in Europe and emerging markets. With more than 30 million active devices and a freemium business model, the deal is expected to add 3 points of revenue growth and achieve a 50% operating margin post-synergies. The integration is anticipated to close in the fourth quarter of Fiscal 2021, subject to regulatory approvals.
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NortonLifeLock (NASDAQ: NLOK) has launched Norton 360 with LifeLock for Family, offering comprehensive protection plans for family identities and online privacy through a single subscription. The new School Time feature allows parents to manage their children's access to educational content during remote learning, reducing distractions. With increasing parental concerns regarding online safety, the initiative aims to provide peace of mind while navigating digital threats. The Family Plans include alerts for suspicious activity and identity theft resolution support.
NortonLifeLock (NASDAQ: NLOK) announced that its fiscal 2021 second quarter financial results will be released on November 5, 2020, after market close. Following the announcement, a conference call will take place at 2 p.m. PST / 5 p.m. EST. Investors can join the call by dialing (866) 538-3137 for domestic calls or (929) 517-9556 for international calls, using Conference ID: 2059444. A live webcast will also be available on their investor website, with a replay posted post-call.