One of the publicly traded companies will remain focused on security, while the other will focus on information management. Symantec says creating two standalone businesses will allow each to maximize growth opportunities and drive greater shareholder value.
“As the security and storage industries continue to change at an accelerating pace, Symantec’s security and IM businesses each face unique market opportunities and challenges. It has become clear that winning in both security and information management requires distinct strategies, focused investments and go-to market innovation,” said Michael A. Brown, Symantec president and chief executive officer.
The security business’ strategy will revolve around three goals. The first is to delivering a unified platform that integrates threat information from Symantec products and Norton endpoints to generate more intelligence and telemetry, and to integrate this information in a big-data platform for better threat analysis. Second is to grow Symantec’s cybersecurity capabilities across managed security, incident response, threat adversary intelligence and simulation-based training for security professionals. The third goal is to simplify and integrate its security-products portfolio by consolidating its Norton products into one offering and by extending its ATP and DLP capabilities into more of its products.
Symantec’s security business, which generated $4.2 billion in sales in the company’s 2014 fiscal year, will include: consumer and enterprise endpoint security; endpoint management; encryption; mobile; Secure Socket Layer (“SSL”) certificates; user authentication; mail, Web and data-center security; data loss prevention; hosted security; and managed security services.
The information-management (IM) business has its own three-pronged strategy. First, innovate to provide resilient, reliable foundational products for its customers’ IM strategies. Second, deliver solutions that dramatically reduce total cost of ownership of storing, managing and deriving insights and business value from information, and, in the process, help customers reduce the unmanaged proliferation of redundant and unused data. Third, enable visibility, management and control access across an organization’s entire information landscape through an intelligent information fabric layer that integrates with its portfolio and third-party ecosystems.
Symantec’s IM business, which generated revenue of $2.5 billion in the last fiscal year, will include: backup and recovery; archiving; eDiscovery; storage management; and information availability solutions.
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