Nortel, Symantec Working to Develop Next Generation Security
High-Performance Security Prototype to Address Threats Deep in the Network
CUPERTINO, Calif. Ė Dec. 7, 2004 -
Nortel* (NYSE/TSX: NT) and Symantec (NASDAQ: SYMC) are combining their industry-leading expertise in high-performance networks and information security to establish a strategic relationship intended to provide next generation solutions for seamless defense against a wide variety of threats from the core of the network through the desktop. Through this relationship, Symantec and Nortel want to make it possible for service providers and enterprises to eliminate specific threats before they have the opportunity to spread.
As the first initiative in this relationship, the companies have combined the power of Nortelís hardware-accelerated deep-packet inspection with Symantecís expertise in countering global threats to develop aprototype of a high-performance security engine that can be deployed within the existing switched-network infrastructure. When deployed in a data center, the technology is expected to address the most dangerous
attacks within the high-speed, switched network before they can reach the servers. Based on Nortelís industry-leading application switch portfolio, the prototype tracks and stops threats using signatures updated in near real-time by Symantecís LiveUpdate technology.
ďService providers are positioned to be the first line of defense against many of todayís threats to critical communications around the world. We are working with Symantec to provide purpose-built solutions for the service provider and enterprise space,Ē said Bill Owens, president and chief executive officer, Nortel. ďNortelís leadership in delivering secure, reliable, high-performance networks and Symantecís leading position in Internet security are an ideal strategic combination for delivering on the industryís need for ironclad, secure communications, anywhere, anytime on any device.Ē
With the growing frequency and complexity of todayís threats, an added layer of protection at the network level, enabling a more proactive approach to protection, is a critical complement to the defenses already deployed throughout an enterprise. For example, Symantec documented more than 4.5 times the number of new viruses and worms in the first six months of 2004 compared to 2003. And during the first three minutes of the Slammer wormís spread, the number of infected machines doubled roughly every 8.5 seconds. This is more than 250 times faster than Code Red, which hit in mid-2001 and had a doubling time of 37 minutes.
ďEmbedding security at the network level complements a broader defense-in-depth strategy critical to protect against todayís threats,Ē said John W. Thompson, chairman and chief executive officer, Symantec. ďNortelís incumbent position with carriers globally as well as the companyís experience across all network types Ė wireless, wireline, cable and enterprise Ė combined with Symantecís unparalleled expertise dedicated to addressing the dynamic threat environment are ideal complements unmatched in the industry.Ē
The two companies have identified synergies among their respective offerings, including hosted and Ďdo-ityourselfí security applications, client compliancy solutions, and traditional security products and services such as antivirus and firewall solutions.
This new relationship between Nortel and Symantec is spelled out in a Memorandum of Understanding signed by both companies. Development and delivery of specific products and services resulting from this relationship are subject to execution of a binding agreement between both companies.
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.
Nortel is a recognized leader in delivering communications capabilities
that enhance the human experience, ignite and power global commerce,
and secure and protect the worldís most critical information. Serving
both service provider and enterprise customers, Nortel delivers innovative
technology solutions encompassing end-to-end broadband, Voice over
IP, multimedia services and applications, and wireless broadband designed
to help people solve the worldís greatest challenges. Nortel does
business in more than 150 countries. For more information, visit Nortel
on the Web at www.nortel.com.
For the latest Nortel news, visit www.nortel.com/news.
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the outcome of Nortelís independent review and planned restatement or revisions of its previously announced or filed financial results; the resolution of the accounting issues announced on November 11, 2004, including the outcome of discussions with the United States Securities and Exchange Commission (SEC); the impact of the management
changes announced on April 28, 2004 and August 19, 2004; the impact of the inability to meet Nortelís filing obligations on support facilities and public debt obligations; any potential delisting or suspension of the Companyís or NNLís securities; the adverse resolution of litigation, investigations, intellectual property disputes and similar matters; the sufficiency of Nortelís restructuring activities, including the work plan announced on August 19, 2004 as updated on September 30, 2004, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; cautious or reduced spending by Nortelís customers; fluctuations in Nortelís operating results and general industry, economic and market conditions and growth rates; the communication by Nortelís auditors of the existence of material weaknesses in internal controls; Nortelís ability to recruit and retain
qualified employees; fluctuations in Nortelís cash flow, level of outstanding debt and current debt ratings; the use of cash collateral to support Nortelís normal course business activities; the dependence on Nortelís subsidiaries for funding; the impact of Nortelís defined benefit plans and deferred tax assets on results of operations and Nortelís cash flows; Nortelís dependence on new product development
and its ability to predict market demand for particular products; Nortelís ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency
exchange rate fluctuations; the impact of rationalization in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of Nortelís customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement of Nortelís purchase contracts; the impact of Nortelís supply and
outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; and the future success of Nortelís strategic alliances. For additional information with respect to certain of these and other factors, see the most recent Form 10-Q/A and Form 10-K/A filed by Nortel with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
*Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.
NOTE TO EDITORS:
: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States.
Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
Print this Page
News Releases |