Symantec CEO Salem: Creating a Top Data Management Player
During Enrique Salem's tenure as CEO, Symantec, a global leader in security software, has become one of the world's foremost developers of data management software.In April 2009, on his fourth full day as the freshly minted chief executive officer of data storage and IT security protection software provider Symantec, Enrique Salem made a memorable entrance at Storage Networking World in Orlando, Fla. He stepped up to the podium and declared: "I want you to stop buying storage. Now! "You heard me right: Stop buying storage," Salem said. "How? Reduce the amount of information that you store in the first place, and make the storage you do have more flexible and efficient."
So, in terms of literally not buying physical storage, Salem could get away with the apparent meaning of that statement and still retain credibility with the company's customers and shareholders.
Leading in Security Software Symantec is the global leader in the security software market with about 45 percent share, and it owns about 60 percent of the installed storage backup market with Backup Exec, according to market researchers Gartner and IDC. The company's security products include the well-known Norton line of antivirus software for consumers, as well as data-loss prevention (DLP) and data encryption products for enterprises.The security market is very healthy in all the areas where Symantec plays, Jon Oltsik, analyst with Enterprise Strategy Group (ESG), told eWEEK. "Improved security/risk management is one of the top four areas for IT investment in 2011," he said. "Symantec has very strong offerings in endpoint security, data loss prevention, email/messaging security, endpoint encryption and compliance management. Its security services [via cloud subscriptions] are growing very well. Symantec does have some gaps in its portfolio, but it has leading products where it plays in security and is experiencing strong sales and growth in these areas."