MUMBAI -- February 5, 2001 Symantec Corporation has announced the launch of AXENT Enterprise Security products in India. With this launch, Indian companies can now experience the best-of-breed Enterprise Security products of Symantec and AXENT, which are preferred by the top 98 of the Fortune 100 companies worldwide. India is one of the first countries in the world where Symantec is introducing the AXENT range.
Symantec finalised the acquisition of AXENT Technologies, Inc., on December 18, 2001 in a stock-for-stock transaction valued at approximately US$975 million. As security industry leaders, the combination of Symantec and AXENT offers customers the broadest range of complementary solutions and services in this market.
Announcing the launch of AXENT, Mr. Garry Sexton, Vice President, Asia Pacific, Symantec Corporation, said, "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. 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."
With the acquisition of AXENT, Symantec will significantly expand its revenue potential and addressable markets. IDC estimates that the US$1.5 billion content security market (which includes anti-virus and content scanning and filtering) is expected to grow at a 32% compound annual growth rate (CAGR) to $4.0 billion by 2003. The $150 million vulnerability assessment and intrusion detection market is expected to grow at a 48% CAGR to $1.0 billion by 2003. The $500 million firewall market is expected to grow at a 26% CAGR to $2.0 billion by 2003.
Speaking at the launch, Mr. Joy Ghosh, Country Manager, India, Symantec stated, "Today's announcement is a major step forward in aggressively implementing our enterprise strategy. As organisations continue to expand their e-business initiatives and open up their infrastructure via the Internet, we believe there is an enormous market opportunity to provide security products and services to protect these critical operations. Together it will span the needs of all customers from emerging businesses to the largest enterprises."
Symantec's product offerings now include leading firewall security, virus protection, vulnerability assessment, intrusion prevention, Internet content and e-mail filtering, remote management technologies and security services The company's services offerings include security education and training, security assessment, technology implementation and managed security services. The expected revenue stream for the new company will make it one of the largest Internet security companies in the industry.
The key AXENT products that were launched in India today 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, vulnerability assessment, intrusion prevention, Internet content and e-mail filtering, remote management technologies and security services to enterprises around the world. Symantec's Norton brand of consumer security products leads the market in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 36 countries. For more information, please visit our Web site at www.symantec.com
