Broadcom (AVGO) said Monday that it has closed on the acquisition of the Enterprise Security business of Symantec Corp. (SYMC), which will now operate as the Symantec Enterprise division of Broadcom. Financial terms weren’t mentioned in the company’s press release.
Art Gilliland will lead the division as its general manager and senior vice president. Gilliland was most recently general manager of Symantec’s Enterprise Security business.
Shares of the company were up over 1% in Monday morning trading.