CUPERTINO, Calif. - June 3, 2002 - Symantec Corp. (Nasdaq:SYMC), the world leader in Internet security, today announced the Symantec Security License Program, which makes it easy and cost-effective for companies of all sizes to purchase Symantec enterprise security software solutions. The program¹s two volume license options provide consistent product offerings, discounts and support for an entire range of Symantec solutions.
The Symantec Value Program is a single-purchase, certificate-based plan ideal for small- to mid-sized companies operating within a single country. It offers incentives for orders of as few as one server or 10 desktop licenses and allows companies to mix-and-match purchases within a product family to increase the discount level. Companies can conveniently purchase a software media pack and the number of necessary licenses via one purchase order.
The Symantec Elite Program is an easy-to-use contractual plan enabling larger companies to leverage their volume purchasing power to achieve greater value from their software license purchases. This flexible program provides companies the choice of two purchasing options. The Commit option allows organizations to maximize their two-year volume discounts with an up-front purchase commitment and the Forecast option helps companies minimize their up-front capital outlay by requiring an initial purchase of 25 percent of the two-year forecast.
"Our new program provides flexible purchase options for our customers, making it easier for our channel partners to sell Symantec security solutions," said Allyson Seelinger, vice president of channel sales for Symantec. "The easy-to-use plans allow companies to choose the option that works best for them while also receiving a streamlined pricing structure."
Symantec is also introducing Gold Maintenance, a support program providing upgrade insurance, security content updates and Gold Technical Support. With Gold Technical Support customers receive 24x7 Web support and toll-free telephone support during standard business hours. Gold Maintenance is required with every Elite Program purchase and can be added onto Value Program purchases. The program ensures that customers always have the latest software versions available and the technical support they need effectively utilize Symantec enterprise security solutions. Customers can also choose to upgrade their support to Platinum or Premium Platinum levels for live, round-the-clock coverage, advanced wireless security alerting or dedicated Technical Account Management.
Effective June 3, 2002 all software volume license purchases and new product releases will be supported by the Symantec Security License Program. Existing Global License Program and Custom Value contracts will be honored through the term of each agreement. Any reseller can sell licenses through the Value Program while only authorized resellers can sell licenses through the Elite Program.
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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FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including forecasts of future revenue and earnings per share, expected industry patterns, and other financial and business results 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 sustainability of recent growth rates, particularly in consumer products; whether certain market segments, particularly enterprise security, grow as anticipated; the positioning of Symantec's products in those segments; the competitive environment in the software industry; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Symantec can successfully develop new products and the degree to which these gain market acceptance. 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 Symantec’s previously filed Form 10-K and Form 10-Q.