CUPERTINO, Calif. - May 1, 2001 - Symantec Corp (Nasdaq: SYMC), a world leader in Internet Security solutions, today announced the opening of an expanded, state-of-the-art Security Operations Center (SOC) to manage firewall, intrusion prevention, anti-virus and other security operations for companies of all sizes. Replacing the existing San Antonio facility, Symantec's newest Security Operations Center, joins the security operations center in Epsom, England, in providing Symantec Security Services' rapidly growing, global client base with 24x7x365 outsourced security management, monitoring, and response. Built to meet increasing customer demand, Symantec expects to hire up to 140 specialized staff from the Texas area to bring the new facility to capacity.
"Today's complex business environment presents increasing challenges to protecting your company's networked information assets without compromising business goals," said John Holland, vice president of Symantec Security Services. "World-class research and response capabilities, a growing team of experienced consultants worldwide and the expanded capacity of the Security Operations Center in San Antonio all combine to make Symantec Security Services a unique, global security powerhouse that can help companies solve their security-related business problems."
Provided on a subscription basis Symantec Managed Security Services deliver cost-effective, outsourced security that minimizes an organization's investments in technology and internal resources while effectively solving security problems and allowing companies to focus on their core business issues. Symantec's Security Operations Centers provides true round-the-clock monitoring with analysts able to respond to critical incidents within two minutes, as opposed to remote staff on beepers common to other companies. Experienced professionals are required to undergo an intensive internal certification process to become an analyst at Symantec and are assigned to individual managed security customers. The regular, personal contact between the analysts and the customers allows the analysts to understand the individual business needs and to make necessary adjustments to improve that client's security. Among the services offered are intrusion detection and response, Internet vulnerability, security policy compliance, anti-virus, and firewall and VPN management.
The Internet security service market is the fastest growing segment of the IT service market. According to International Data Corporation (IDC), the security services market is expected to grow to more than $17 billion in 2004 from an estimated $5.5 billion in 1999.
Symantec Security Services provides information security solutions that incorporate best-of-breed technology, security expertise, and global resources to help enable e-business success. Through its four service families, Symantec offers industry best practices, expert implementation, proactive monitoring and management, and security education. Consulting Services provides professional security assessments and planning to help organizations protect business-critical assets. Implementation Services delivers effective deployments of advanced security technologies. Managed Security Services provides outsourced solutions for the management and monitoring of security systems. And Education Services offers the knowledge to develop internal security skills and resources. Symantec Security Services is a key component of Symantec Enterprise Security.
Symantec Enterprise Security
Symantec Enterprise Security provides any size organization with the technology, global response and services necessary to manage its information security. Symantec's comprehensive solution offers best-of-breed products to protect gateways, servers, and clients with virus protection, firewall security, intrusion detection and vulnerability management. Customers benefit from Symantec's global network of researchers that provide customers with around-the-clock, immediate response to any new security-related attacks. Symantec Enterprise Security customers are also supported by Symantec Security Services, offering security consulting, education, and implementation as well as managed security services.
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.