Cupertino, Calif. --June 2, 1998-- Symantec Corporation (Nasdaq: SYMC) today reported that within days of announcing its anti-virus alliance with IBM thousands of customers have requested information about upgrading to Norton AntiVirus, including several corporations representing more than 100,000 units.
As a result of the agreement, IBM and Symantec will combine their technologies to extend the Norton AntiVirus multi-tier strategy, including new products for IBM platforms, such as OS/2, within six months. The two companies also intend to sell the entire line of products worldwide. In addition, IBM has also assigned its existing anti-virus customer and OEM contracts to Symantec and will recommend the current Norton AntiVirus line of products to its customers as the product of choice.
"Today Norton AntiVirus offers customers 100 per cent detection against viruses, as shown by the recent Virus Bulletin tests, which is why our products are relied upon by corporate organizations around the world as the solution they can trust," says Enrique Salem, vice president of Symantec's Security and Assistance Business Unit.
IBM Customers transition to Symantec Norton AntiVirus
"We are looking to the future. Our partnership with IBM and the addition of their immune technology will have enormous benefits for customers. Combining Norton AntiVirus and the immune system will enhance our ability to quickly detect new and unknown viruses, create a fix and distribute it across the customer's network. We will deliver a highly automated and scalable system with the fastest response time possible."
Commenting on the reaction of competitors to the Symantec and IBM partnership, Enrique Salem said: "Network Associates (Nasdaq: NETA) and Dr. Solomons (Nasdaq: SOLLY) have tried to convince IBM anti-virus customers to remove a product which they have already paid for and replace it with theirs for the life of the current license. Once the contract is up they would charge for the renewal. There is nothing extraordinary about that. Customers recognize this and are upgrading to Norton AntiVirus instead."
Symantec and IBM have communicated a comprehensive transition program to help customers move to Norton AntiVirus. This includes a conversion software program, which can be deployed to uninstall IBM's anti-virus software and install Norton AntiVirus. There is no charge for customers to migrate to Norton AntiVirus and information packs including current versions of the Norton AntiVirus family of products have been sent to customers.
"Our customers are very important to us, and the reason we entered into this alliance with Symantec is because it enables us to provide customers with an exceptional anti-virus solution," said Phyllis Byrne, vice president of Distributed Systems Services at IBM. "Customers making the transition to Norton AntiVirus should be confident that the combination of IBM's immune technology with Symantec's product will give them comprehensive anti-virus protection."
IBM Customers transition to Symantec Norton AntiVirus Analysts agree. "We believe the press releases from Dr. Solomons and Network Associates are another example of form over substance in the highly competitive anti-virus market and carries no business consequences for Symantec," said Alex Kotlyar of Donaldson, Lufkin & Jenrette. "Prices in the corporate market have shifted to subscriptions and away from charging for product up front, making these promotions less than relevant."
He added: "Secondly, corporate decisions to replace anti-virus vendors are viewed as long-term commitments where the vendors' critical mass and viability are the more important branches on the decision tree. In this case, Symantec's partnership with IBM should make Norton AntiVirus the primary choice for nearly every IBM account."
Peter Rogers of Volpe Brown Whelan & Co agrees: "We do not view the announcements by Dr. Solomons and Network Associates as having any impact on our projections for Symantec."
Symantec Corporation helps make users productive and keep their computers safe and reliable anywhere and anytime. Symantec offers a broad range of solutions and is acclaimed as a leader in both customer satisfaction and product brand recognition. The company is focused on addressing customer needs in three main application areas: the Norton product line of anti-virus and PC-assistance products; the pcANYWHERE, WinFax and ACT! product lines that cater to remote user productivity; and the Cafe product lines in Internet development tools.
Founded in 1982, the company's global operations span North America, Europe, Japan and several fast growing markets throughout Asia Pacific and Latin America. Traded on Nasdaq under the symbol SYMC, Symantec Corporation is based in Cupertino, California and employs more than 2,000 people. Information on the company and its products can be obtained by calling (800) 441-7234 toll free, (541) 334-6054 or accessed on the World Wide Web at >http://www.symantec.com.
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