Security Vendor Symantec 25 Facts You Should Know

1Security Vendor Symantec 25 Facts You Should Know

1. Symantec was founded in 1982 under a National Science Foundation Grant bestowed on it to pursue the creation of artificial intelligence technology.

2No Title

2. Symantec has long been an M&A friendly company-it was first acquired by and merged with a small start-up called C&E Software in 1984.

3No Title

3. Since then, Symantec has acquired over 65 companies.

4No Title

4. Symantec’s late 1980s successes were fueled by a spate of successful developer tools such as THINK Pascal, THINK C, Symantec C++, and Visual Cafe.

5No Title

5. It wasn’t until fiscal year 1989 – the same year that it went public – that the company finally became profitable.

6No Title

6. Symantec’s momentous shift into the antivirus market occurred in 1990, when the company picked up what at the time was its largest buy: Peter Norton Computing for $70 million.

7No Title

7. At the time, AV arguably played second-fiddle to Norton’s other utilities, such as back-up, file compression and data restoration applications.

8No Title

8. Symantec’s buy of Norton gave it a 34 percent stake in what was then a $410 million utilities market.

9No Title

9. By 1992, Peter Norton Computing Group made up 75 percent of Symantec’s revenues.

10No Title

10. The late 1990s were when Symantec truly shifted its focus to the security market, starting first by divesting itself of many of its developer tools and Act! and rounded out with the 1998 acquisition of both Intel’s and IBM’s antivirus business.

11No Title

11. The bitter feud with McAfee started with a 1997 suit from Symantec claiming McAfee stole Norton code for its own security products.

12No Title

12. McAfee in turn slapped Symantec with a $1 billion defamation lawsuit.

13No Title

13. The legal matters dragged on until a hush-hush settlement was struck in 1999.

14No Title

14. That still doesn’t keep Symantec and McAfee from getting their digs in. During last year’s McAfee partner conference in Las Vegas, Symantec reportedly plastered the town with its own yellow branded advertising.

15No Title

15. Today Symantec employs over 17,500 workers in 40 countries around the globe.

16No Title

16. The company is number 419 on the Fortune 500 and brought in $6.2 billion in revenues last year.

17No Title

17. Symantec has made some key acquisitions this year: VeriSign’s security business for $1.28 B, PGP for $300 million and GuardianEdge for $70 million.

18No Title

18. The company employs more than 2,000 researchers in its security operations centers and research labs worldwide.

19No Title

19. The company has attained top market position in seven different enterprise and consumer security categories.

20No Title

20. It has also got top honors for three different storage and availability market categories.

21No Title

21. Channel partners didn’t much care for Symantec’s then-COO, now-CEO Enrique Salem’s comments in 2008 about cutting the channel out of more sales to improve its margins.

22No Title

22. The company has worked hard to mend bridges and build a more sophisticated channel program for partners over the last few years.

23No Title

23. Since last fall, Symantec has introduced a number of channel partner specializations for partners to better differentiate themselves and tighten focus on a limited number of products within Symantec’s cornucopia of offerings.

24No Title

24. Included on the list are: Archiving and Discovery, Endpoint Management, SMB, Data Loss Prevention (DLP), Foundational Enterprise Security and IT Compliance.

25No Title

25. In June, Symantec also announced a new managed services license, through what it calls ExSP Licensing Program, for VARs, MSPs and service providers.


Must Read