Sources: Symantec Is Looking To Break Into The SIEM Market

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Symantec has recently evaluated potential acquisitions that would bring it back to the SIEM (security information and event management) market, according to CRN sources and published reports.

Symantec is said to have recently explored the prospect of buying RSA from Dell Technologies, according to sources close to RSA and Symantec. Multiple sources reached by CRN said it does not appear that talks are ongoing between the two companies.

However, Symantec didn't stop shopping there. On Wednesday, Bloomberg reported that Symantec had held discussions with Splunk for a possible acquisition. Splunk has been making big investments around its security portfolio as it looks to provide a next-generation SIEM and analytics solution. Bloomberg reported that the talks were called off after Symantec started probing Splunk finances compared to its valuation, which currently sits around $9.4 billion.

[Related: Symantec President: We Aren't Done Making Acquisitions Yet]

Symantec did not respond to CRN requests for comment. RSA said it doesn't comment on rumors or speculation.

The talks come as Symantec looks to build out its vast cybersecurity platform. The company has already made multiple acquisitions in the past year, in areas such as cloud security, mobile security, threat prevention, identity protection, and more. The company does not have a SIEM offering; it exited that business in 2013 by discontinuing its Symantec Security Information Manager offering.

RSA and Splunk both stand out in the market as SIEM specialists and security market leaders.

RSA offers a broad portfolio of security solutions, including offerings in identity and access management with SecurID; SIEM and threat detection and response with NetWitness; governance, risk and compliance with Archer; and fraud prevention. Symantec overlaps in just one area – it, too, offers identity and access management and GRC solutions.

Splunk's new approach to the SIEM market has garnered much attention as it streamlines security operations with machine learning, real-time data, analytics and security management. The company also offers anti-fraud, log management, ransomware and security investigation technologies.

Other standalone companies in the SIEM or security analytics space include LogRhythm, Exabeam, SumoLogic, and Cybereason. IBM, HPE and McAfee also offer SIEM solutions. 

In a recent interview with CRN, Symantec President and COO Michael Fey said the company is looking to make further acquisitions. He did not specify what areas Symantec would evaluate, saying only that it will focus on areas that "add value and metrics" to the portfolio.

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