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Symantec Signs Agreement With German Savings Bank Organization (Siz) For Up To 100,000 Seats

CUPERTINO, Calif. - Feb. 25, 2000 -- Symantec Corporation (NASDAQ: SYMC) announced today that The Savings Bank Organization (SIZ) in Bonn, Germany has signed an agreement for up to 100,000 seats of Symantec's content security and other solutions. The agreement was signed with the SIZ IT Center and applies to all institutions associated with the SIZ.

The IT Center plans, coordinates and executes all IT business for the SIZ and associated institutions and has negotiated close relationships with a number of leading data processing and telecommunications products and services to ensure cost-efficient and rapid service for products and services.

A main component of the agreement with Symantec is a license for Norton AntiVirus Enterprise Solution, which provides protection for networks on all major platforms including: Windows 3.x, 95, 98, NT and Windows 2000, Macintosh and OS/2, Internet E-Mail Gateways, Solaris and firewalls, as well as MS Exchange, Lotus Notes and NetWare.

The agreement with SIZ also covers other Symantec solutions including remote control and remote management technologies and URL blocking and email filtering products.

About the SIZ

  • With an increasing number of competitors coming into the financial services market from overseas and other sectors, the Savings Bank Financial Group is compelled to make reductions in costs and improvements in efficiency. This can only be achieved through group cooperation. The IT center for the savings bank organization (SIZ) is in charge of the following major activities in this process:
  • The grouping of IT activities in the savings bank organization;
  • The development of strategies for the future organization of technologies;
  • The organization of cooperation in application development between the development teams in the savings banks and Land banks.

About Symantec
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.

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Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements. There are certain important factors that could cause Symantec's future development efforts to differ materially from those anticipated by some of the statements made above. Among these are the anticipation of the growth of certain market segments, the positioning of Symantec's products in those segments, the competitive environment in the software industry, dependence on other products, changes to operating systems and product strategy by vendors of operating systems, and the importance of new Symantec products. Additional information concerning those and other factors is contained in the "Risk Factors" section of the company's annual report on Form 10-K for the fiscal year ended April 2, 1999 and all quarterly reports filed subsequent to such date.

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