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Symantec To Separate Into Two Companies

Posted by samzenpus on from the split-up dept.

wiredmikey writes Symantec announced plans on Thursday to split into two separate, publicly traded companies – one focused on security, the other focused on information management. The company's security business generated $4.2 billion in revenue in fiscal year 2014 while its information management business meanwhile hit revenues of $2.5 billion. "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," Symantec CEO Michael A. Brown, who officially took over as CEO last month, said in a statement. Garrett Bekker, senior analyst with 451 Research, called the decision "long overdue." "The company had become too big to manage, and they were having trouble keeping up with the pace of innovation in many areas of security," he told SecurityWeek. "The synergies between storage and security never really emerged, in part because in many firms, particularly large enterprises, they are managed by different internal teams."

5 of 86 comments (clear)

  1. This is about stock price, the rest is bullshit by gelfling · · Score: 3, Insightful

    Two smaller companies don't have to grow revenues as much to meet the EPS thresholds that institutional investors demand. They ONLY other option was to become IBM and that's to simply run around BUYING other companies.

  2. Excuse me... by Torp · · Score: 3, Insightful

    Is Symantec doing anything useful?
    I think the last useful version of Norton Utilities was 6.0, which was before the Symantec buyout?
    Now they're just marketing fear...

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  3. Veritas rewind by Anonymous Coward · · Score: 2, Insightful

    Call the information management side "Veritas" and apologize to the long time NetBackup customers for the Symantec years. They are lucky that some of us didn't jump ship after NBU was absorbed. Support, community and quality all took a hit.

  4. split into Micro and Soft. by wiredog · · Score: 3, Insightful

    That would have been an excellent idea about 10-15 years ago. Lots of people thought that splitting it into MS Applications (Word, Excel, etc.) and MS OS (Windows, etc.) would have been a great thing all the way around.

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  5. What will the new divisions be like? by Opportunist · · Score: 2, Insightful

    One that doesn't know how to make antivirus and one that doesn't have a clue about firewalls?

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