Symantec Ranked World's Leading Security Software Provider
CUPERTINO, Calif. - Oct. 31, 2001- Symantec Corp. (Nasdaq: SYMC) today announced that a new Gartner Dataquest report ranks Symantec Corp. as the world's leading security software provider based on new license revenue in 2000. With 14.7 percent market share worldwide, Symantec topped the list of the top 25 security software vendors.
"There is an expanding awareness of the importance of enterprise security in the corporate marketplace as well as a growing demand for trusted products and services that counter the blended threats of today and tomorrow," said Gail Hamilton, executive vice president, Product Delivery and Response. "Corporations continue to rely on Symantec for comprehensive security solutions at the gateway, server and client levels."
The Gartner Dataquest report, titled "2000 Security Software Market Share," shows that Symantec's growth in 2000 outpaced that of the security software market. According to the report, Symantec grew 40 percent year-over-year, from $345 million in 1999 to more than $480 million in 2000. The total security software market grew 25 percent to $3.3 billion in 2000, up from 22 percent growth in 1999, according to the report. Worldwide growth of the anti-virus market alone rose 19 percent in 2000 while Symantec anti-virus market growth grew by 50 percent during the same period. The report also noted that continued growth in the security software market is anticipated, with both public and private industry moving security initiatives to the forefront in the wake of recent world events.
"Symantec, as a result of its merger with Axent in December 2000, moved from the No. 4 position to the No. 1 spot, holding 14.7 percent of the security software market," Gartner Dataquest reported.
Security software, according to Gartner Dataquest, includes anti-virus, encryption, intrusion detection and other security such as firewall, web content security and extranet access management. Symantec provides virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and security services.
Symantec, a world leader in Internet security technology, provides a broad range of content and network security software and appliance solutions to individuals, enterprises and service providers. The company is a leading provider of virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and security services to enterprises and service providers around the world. Symantec's Norton brand of consumer security products is a leader in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 37 countries. For more information, please visit www.symantec.com.
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