Symantec’s Pending Acquisition of Fireglass


Fenwick & West represented Symantec Corporation (NASDAQ: SYMC) in its pending acquisition of Fireglass Ltd., an Israeli-based agentless isolation solution that eliminates ransomware, malware and phishing threats in real-time by preventing potentially harmful content from ever reaching user endpoints or the corporate network.

The transaction is subject to customary closing conditions, and is expected to close in the third calendar quarter of 2017. Symantec expects Fireglass’ technology to be available to its customers and partners soon after the transaction closes. Financial terms of the transaction were not disclosed.

With this acquisition, Symantec further strengthens its Integrated Cyber Defense Platform and dramatically extends its leadership in Secure Web Gateway and Email protection delivered both on premises and in the cloud.

The Fenwick transaction team included corporate lawyers Doug Cogen (Picture), David Michaels, Chris Gorman, Bomi Lee and Isabel da Roza; executive compensation and employee benefits lawyers Scott Spector, Patrick Grilli, Liza Morgan, Elizabeth Chang and Alex Galev; intellectual property lawyers Stephen Gillespie, Brian Hoffman, Chris Joslyn, Ana Razmazma, Frank Yang, Jung Yoo and Stephen Bosse; antitrust lawyer Mark Ostrau; and tax lawyers Will Skinner and Ora Grinberg.

Involved fees earner: Douglas Cogen – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Christopher Gorman – Fenwick & West LLP; Bomi Lee – Fenwick & West LLP; Isabel da Roza – Fenwick & West LLP; Scott Spector – Fenwick & West LLP; Patrick Grilli – Fenwick & West LLP; Liza Morgan – Fenwick & West LLP; Elizabeth Chang – Fenwick & West LLP; Alex Galev – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Brian Hoffman – Fenwick & West LLP; Chris Joslyn – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; Frank Yang – Fenwick & West LLP; Jung Yoo – Fenwick & West LLP; Stephen Bosse – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Ora Grinberg – Fenwick & West LLP; Douglas Cogen – Fenwick & West LLP; Lynda Twomey – Fenwick & West LLP; Yael Li-Ran Perl – Fenwick & West LLP; Ari Haber – Fenwick & West LLP; Larry Suh – Fenwick & West LLP; Scott Spector – Fenwick & West LLP; Patrick Grilli – Fenwick & West LLP; Elizabeth Chang – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Chris Joslyn – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; Jung Yoo – Fenwick & West LLP; Emily Bullis – Fenwick & West LLP; Julia Chung – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Sean McElroy – Fenwick & West LLP;

Law Firms: Fenwick & West LLP; Fenwick & West LLP;

Clients: Symantec Corporation; Symantec Corporation;

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Author: Ambrogio Visconti