Global HQ: Cupertino, California, US Website: www.symantec.com
Global leader: Enrique Salem, president and CEO
Local leader: Craig Scroggie, VP and MD, Australia and New Zealand
Core activity: Data security, storage and back-up
Revenue: US$6.2 billion (FY2008-09 ended April 3)
Key customers: HCL Technologies
Employees: 17,500 (900 across ANZ)
A shake-up and declining revenue in the past year saw Symantec chairman John Thompson relinquishing the CEO role to Enrique Salem. The company is continuing to grow through strategic acquisitions and partnerships. Its bread and butter is helping businesses protect, scan, secure, store and safely recover the exponentially exploding exabytes of data they now thrive on.
However, the very nature of its online and offline business means that continual research and development investment is needed, not only to deliver on its core security mandate but to keep pace with virtualisation, software as a service and other innovations.
In the consumer space, which makes up about half its annual revenues, Symantec 2010 security and antivirus products will use an intelligent “reputation-based” matrix, with millions of users helping determine what is
Symantec has updated its data-loss Prevention Suite so that if the software finds a data issue that needs fixing, it can apply third-party encryption and digital-rights management controls to the problem.
Keith Newman and Ellen Messmer
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