| Invested through / Financed by |
|
|---|---|
| Asset class | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Sector | Other |
| Bloomberg ticker | NLOK US |
| ISIN code | US6687711084 |
| Industry group | Software & Services |
| Sustainable Development Goals (SDGs) |
Formerly known as Symantec Corporation and later NortonLifeLock, the company changed its name to Gen Digital following the acquisition of Avast in 2022. Gen Digital provides cyber safety and security solutions to consumers and small businesses worldwide, thereby empowering digital life, with its revenue split being roughly 60% US and 40% international. Products include applications for anti-malware protection, smart firewall, anti-spam and phishing, VPN security, identity theft protection, backups and remediation.
Investment rationale
Gen Digital provides cybersecurity software to protect consumers and small businesses from cyber criminals, thereby defending the human right to privacy and empowering digital life. Norton, Avast and LifeLock are trusted brands and received several awards for their device security, identity protection and other security products.
Products include applications for anti-malware protection, smart firewall, anti-spam and phishing, VPN security, identity theft protection, backups and remediation. Through its security software the company helps customers to detect, respond to and prevent security threats.
In total 100% of the revenues of the company is aligned with the Well-being transition. The contribution to the Well-being transition comes from 100% of revenues related to the impact objective Safety & Security.