Symantec Unveils Strategy Designed To Lower Costs, Reduce Vulnerabilities And Simplify Complexity Of Enterprise Security
Symantec Delivers Central Security Management, Integrated Protection and Early Warning Offerings
CUPERTINO, Calif. - Oct. 1, 2002 - At its Vision360 security conference today, Symantec Corporation (NASDAQ: SYMC), the world leader in Internet security, unveiled its strategy to provide enterprises with a comprehensive, proactive approach to create and manage effective security environments. Designed to lower costs, reduce vulnerabilities and simplify the complexities associated with traditional approaches to security, Symantec's enterprise security solutions provide central security management, integrated protection functionality and global early warning of impending attacks. A unifying structure to the Symantec enterprise security strategy is the Symantec Enterprise Security Architecture, an interoperable framework based on open-standards that enables Symantec and third-party vendor solutions to work together to provide secure, manageable and scalable enterprise security.
"Customers have told us that the network perimeter is disappearing; their security risks are rising; internal staff resources are slim, and regulatory pressures are high," said John W. Thompson, Chairman and CEO of Symantec Corp. "Symantec is offering a new approach to enterprise security balancing early warning, integrated protection, expert response and comprehensive management to better enable enterprises to conduct business over the Internet more confidently and economically."
The need for a more comprehensive enterprise security approach is overwhelming. Security is rarely built into the strategic business functions from the beginning. Threats and vulnerabilities are outpacing existing security measures. Current security environments are often comprised of geographically wide-spread point products from multiple vendors each requiring independent management. Adding to these complexities is a climate of increasing regulatory pressures from the government and audit pressures from investors.
To meet the security challenges of today's enterprises, CIOs need a comprehensive strategy that incorporates early warning, integrated protection and expert response tied together with central management. By embracing a multi-vendor approach and an open, standards-based architecture, Symantec can fully utilize its depth of security expertise, partner network and breadth of technologies and services to customize security environments which help enterprises to foster business continuity, lower the costs of regulatory compliance, improve ROI on security investments, and assure that enterprises can confidently pursue new business initiatives and opportunities.
Symantec's new approach to enterprise security offers a uniquely powerful combination of thought leadership, security technologies and services, partner ecosystem, and response capabilities to:
- Proactively prepare enterprises for potential outbreaks by implementing warning, proactive protection, management and remediation.
- Effectively and efficiently manage new threats and vulnerabilities with customizable levels of security intelligence.
- Leverage current and future security components to proactively protect information assets.
- Lower risk and reduce business operation expenses, through effective security practices, and the maximized use of legacy security product investment.
- Provide a 360o view of security using a central point of control over security assets -- assessing risk and evaluating policy compliance.
Symantec Enterprise Security Solutions are available through its broad channel of reseller and system integrator partners, and directly from Symantec Security Services or enterprise sales representatives. Symantec Managed Security services provides outsourced security management monitoring and response services to remove the burden of staying current on the latest security technologies, as well as the need to recruit, train and retrain security professionals as new technologies emerge. For further information go to: http://enterprisesecurity.symantec.com/.
Symantec's Vision360: Enterprise Security Summit will be webcast live from 9:30 a.m. to noon E.D.T. today at http://www.shareholder.com/symantec/MediaRegister.cfm?MediaID=5981.A replay will be available at http://www.symantec.com/invest/index.html. The following Symantec executives and guests are expected to present at the event:
- John W. Thompson, Chairman and CEO, Symantec Corp.
- Don Haile, President, Fidelity Systems Investments
- Alan Brill, Senior Managing Director, Kroll Associates
- John Schwarz, President and COO, Symantec Corp.
- Art Wong, Vice President, Symantec Security Response, Symantec Corp.
- Amit Yoran, Vice President, Managed Security Services, Symantec Corp.
- Gail Hamilton, Executive Vice President, Symantec Corp.
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 Symantecís previously filed Form 10-K and Form 10-Q.
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