Symantec offers more enterprise class security products in Hong Kong than ever before

Hong Kong -- March 29, 2001 - Following its acquisition of AXENT Technologies effective from January 1 2001, Internet security leader Symantec has begun marketing the AXENT line of security products in Hong Kong -- providing customers in Hong Kong easy access to the most effective enterprise security products and support.

Designed to offer protection from all types of security threats, the new range of products from Symantec include Enterprise Security Manager, for setting up networks with default security settings; NetRecon, for scanning multiple operating systems; Intruder Alert and Net Prowler, for continuous monitoring of user actions and managing network-wide response; Raptor Firewall, for securing the network's perimeter and easily integrating virtual private networking; and Webthority, for better control and management of access to Web servers and site content.

The company offers one of the broadest ranges of complementary security solutions and services, with 98 of the largest Fortune 100 companies using one or a combination of products from Symantec. Symantec's local team and expertise is expected to significantly expand the penetration and market share of these enterprise security products.

"The Internet and private networks are essential tools for all businesses. Standalone security products are no longer sufficient to prevent sophisticated intrusion and virus attacks," said Garry Sexton, Vice President of Asia Pacific for Symantec. "Enterprise customers are seeking best-of-breed security products that work well together regardless of the vendor, and are supported by integration services. This merger catapults Symantec to a market leadership position and allows us to deliver a complete enterprise security solution, and a full range of security services."

Market research firm IDC estimates that the US$1.5 billion worldwide content security market (which includes anti-virus and content scanning and filtering) is expected to grow at a 32 percent compound annual growth rate (CAGR) to US$4.0 billion by 2003. The US$150 million vulnerability assessment and intrusion detection market is expected to grow at a 48 percent CAGR to US$1.0 billion by 2003. The US$500 million firewall market is expected to grow at a 26 percent CAGR to US$2.0 billion by 2003.

Symantec finalised the acquisition of AXENT Technologies in a stock-for-stock transaction valued at approximately US$975 million.

Symantec's product offerings now include leading firewall security, virus protection, vulnerability assessment, intrusion prevention, Internet content and e-mail filtering and remote management technologies. The expected revenue stream for the new company will make it one of the largest Internet security companies in the industry.

The key new products from Symantec launched in Hong Kong include:
Enterprise Security Manager: Easily set up your network with default security settings, provide extensive reporting capabilities and have personalised security policies NetRecon: Scan multiple operating systems, view scan progress in real-time and affordably safeguard against hacking Intruder Alert: Continuously monitor user actions, monitor security in real-time and manage network-wide response Net Prowler: Continuously monitor user actions, monitor security in real-time and manage network-wide response Raptor Firewall: Secure your network's perimeter, maximise security without compromising performance and easily integrate virtual private networking Webthority: Secure access to the Web servers and content on a Web site, simplify management of access control through role-based authorisation, and enable centralised management of user access across heterogeneous Web environments

About Symantec
Symantec, a world leader in Internet security technology, provides a broad range of content and network security solutions to individuals and enterprises. The company is a leading provider of virus protection, risk management, Internet content and e-mail filtering, remote management and mobile code detection technologies to customers. Headquartered in Cupertino, California, Symantec has worldwide operations in more than 36 countries.

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Issued on behalf of Symantec Corporation by Newell Public Relations