CUPERTINO, Calif. - April 26, 2001 - Symantec Corp. (Nasdaq: SYMC), a world leader in Internet security technology, today announced it has signed a multi-million dollar contract with Reuters to protect the information, news and technology group's global network from Internet security breaches.
The four-year agreement is based on Symantec's Enterprise Security Manager to provide an enterprise-wide security framework for Reuters. In addition, Symantec will provide on-site technical support for the implementation of the solutions. Having used Symantec solutions previously, Reuters conducted an in-depth analysis and evaluation and decided to adopt Symantec products globally.
"With operations in more than 200 cities in 100 countries, Reuters needs a security partner capable of supporting our worldwide needs," said Tim Voss, director at Reuters'Global IT Security Risk Group. "We also needed technology that can grow with us as we continue the worldwide expansion of our Internet-based business."
The Reuters Trust Programme is based on a risk assessment methodology that identifies key business assets and determines potential risks that threaten them. By understanding the risks, and the degree to which critical business assets are vulnerable to them, Reuters was able to build a policy that eliminates some risks, reduces others to an acceptable level of manageability and lays down procedures to deal with security incidents when they occur.
"It is critical for companies to understand the impact that Internet security, or the lack thereof, can have on the bottom line before it's too late," said Gail Hamilton, senior vice president of Symantec's Enterprise Solutions Division. "Reuters has provided an ideal example of how to evaluate a network and establish a policy. Working with Symantec, Reuters has the technology, services and response capabilities to implement and support that policy on a worldwide basis."
With Symantec's security solutions, Reuters will have a comprehensive toolset for security management, firewall protection, intrusion detection and vulnerability assessment. Enterprise Security Manager is the only security solution to define, manage, and enforce e-security policies with one enterprise-wide security management solution, thereby enabling Reuters to confidently conduct secure e-business with customers and partners worldwide.
Symantec, a world leader in Internet security technology, provides a broad range of content and network security solutions to individuals and enterprises. The company is a leading provider of virus protection, vulnerability assessment, intrusion prevention, Internet content and e-mail filtering, remote management technologies and security services to enterprises around the world. Symantec's Norton brand of consumer security products leads the market in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 36 countries. For more information, please visit our Web site at www.symantec.com.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including statements regarding future technology and products, that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the risk that the Symantec and AXENT businesses will not be integrated successfully; the costs related to the merger; the difficulty of developing and marketing products that compete effectively with others, new security threats, and other economic, business, competitive and/or regulatory factors affecting Symantec's business generally. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of the Company's previously filed Form 10-K for the fiscal year ended March 30, 2000.