Symantec to Split, Create Security, Storage Companies
The company also will grow its cybersecurity services as well as simplify and integrate its security products portfolio via the integration of its Norton offerings and by bringing its advanced threat protection (ATP) and data loss prevention (DLP) into more of its products, according to officials. Symantec's move to make its security products a standalone business makes sense to at least one of its competitors. "The security market is changing dramatically," Marcin Kleczynski, CEO of Malwarebytes, said in an email to eWEEK. "Cybercriminals and nation-state hacking groups are innovating at a furious pace and traditional security companies, often burdened with layers of bureaucracy, are struggling to keep up. Imagination, evolution and being nimble are now absolutely vital to getting the cutting edge in this market. This is why smaller specialized companies are flourishing in malware detection and response. "The decision to split Symantec in two is a perfect example of this need for focus in the security sector. By freeing itself from the distractions created by trying to capture a variety of markets, Symantec can be more single-minded in their response to the ever advancing threat landscape."In addition, the information management company next year will deliver an intelligent information fabric that will enable customers to see a map of their information to better secure the data, they said.
Symantec's information management business generated $2.5 billion in revenue in FY 2014, and also has three goals as a new, independent company. That includes building up its product portfolio for both on-premises and cloud environments, as well as reducing the cost to customers of storing and managing its information and gaining insight from it. To that end, the company will integrate its products with cloud providers to enable users to manage data across public and private clouds. The integration will include offering NetBackup and recovery-as-a-service solutions for Microsoft's Azure Cloud, officials said.