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Press Release

Symantec Launches Extended Terms Financing Program to Help Partners Thrive

New financing incentive and Survive and Thrive education series empower Symantec partners

CUPERTINO, Calif. – August 18, 2009 – Symantec Corp. (Nasdaq: SYMC) today announced the Symantec Extended Terms Financing Program offering qualified Symantec Registered and Silver Partners free 60-day extended payment terms for select Symantec products provided by GE Capital, Commercial Distribution Finance. The program provides eligible Symantec partners with increased cash flow and payment flexibility by allowing them to defer payment on selected Symantec products. As a complement to the business training built into the Symantec Survive and Thrive Business Management Series, the financing program is designed to promote confidence that Symantec partners can grow in today’s challenging economic climate and position them for success in the future.


Symantec Extended Terms Program

Symantec and GE Capital have teamed to provide a value-driven financing program to Symantec registered and silver partners who source Symantec products through North American distributors Tech Data, Ingram Micro, Synnex and Douglas Stewart. The program is available now through Jan. 30, 2010.


To be eligible for the program, registered and silver-level Symantec partners must have successfully achieved Symantec SMB Specialization status. Symantec’s SMB Specialization Program recognizes proven partner expertise in providing solutions to small and mid-sized businesses (SMB) and provides assistance to grow business and drive revenues.


Survive and Thrive

The Survive and Thrive Business Management Series is an education program which provides Symantec partners with practical guidance on critical business challenges. The program was designed to help partners manage anticipated growth as the economy changes and identify new business opportunities in the near future. Included in the Survive and Thrive Series are five webcasts and 12 learning modules intended to help partners:

  • Maximize cash flow
  • Source and invest capital more efficiently
  • Identify new business opportunities
  • Assess economics of client acquisitions and retention

The 24 week seminar series includes live webcast sessions and on-demand content and is available to all Symantec partners at no cost.


Supporting Quotes

“Symantec is committed to offering our partners superior value, market differentiation and sustainable revenue opportunities through innovative services. We are focused on rewarding the investments our partners make in Symantec. The Symantec Extended Terms Program and Survive and Thrive Series will enable our partners to speed up profitability today and expand as the economy strengthens.”


--Randy Cochran, vice president, North America Channel Sales, Symantec


“We are always focused on growing our business and increasing revenue and in today’s economic climate, the combination of cash flow and sound business decisions are critical to our success. The Symantec Extended Terms Financing and Survive and Thrive Series will enable Kortek Solutions to reduce operating costs and source and invest capital more efficiently while growing business.”


-- Lyle Epstein, president, Kortek Solutions


“Investing in technology that addresses our customers’ most pressing business needs is vital to growing our business. The Symantec Extended Terms Program will enable us to utilize payment flexibility to maximize cash flow and drive revenues promoting long term growth.”


-- Darren Stokes, director of Sales & Services, PC Corp.


"We are pleased to be working with Symantec to offer these extended terms and finance programs for their resellers. Symantec’s programs will offer increased purchasing power and extended repayment terms enabling partners to grow their business while minding their budget and freeing up capital.”


-- Tom Grathwohl, managing director, GE Capital, Commercial Distribution Finance


About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information can be found online at www.ge.com/cdf.


GE Capital offers consumers and businesses around the globe an array of financial products and services. GE is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at www.ge.com.


About Symantec

Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world. Our software and services protect against more risks at more points, more completely and efficiently, enabling confidence wherever information is used or stored. More information is available at www.symantec.com.


Note to Editors: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.


Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.


Forward-looking Statements: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.