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Symantec To Separate Into Two Companies
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."
Because software like Norton Antivirus have sullied it, Peter Norton has changed his name to something less offensive. He's now known as Peter Hitler.