CUPERTINO, Calif. - Feb. 29, 2000 -- Symantec Corporation (Nasdaq: SYMC) recently announced record increases in revenue from electronic resellers in 1999. Symantec's software sales through on-line partners grew 578 percent over the previous year.
In recognition of this achievement, Symantec has presented their second annual E-Commerce Partner Awards to three on-line partners whose sales performance during 1999 contributed to the record increase in revenues for Symantec.
The 1999 E-Commerce Award winners were:
As the fastest growing and most productive Symantec on-line retail partner, buy.com was presented the Electronic Reseller of the Year award. Digital River was awarded the Electronic Distributor of the Year award for showing an ability to successfully execute Symantec programs and promotions, as well as for continuing to lead the way in electronic software distribution (ESD). Finally, Symantec's partnership with Amazon.com was named Deal of the Year based on the strong sales of Symantec products resulting from the launch of Amazon.com¹s software site in November 1999.
"Symantec presents these awards to recognize its e-commerce partners who have done outstanding work, and have shown excellent service and innovation," said Mike Flanagan, director of e-commerce sales and marketing at Symantec. "These are also companies that have proven an ability to drive revenue and have shown potential to contribute to future revenue growth for Symantec."
Symantec's Web presence is one of the strongest in the industry among software vendors. The company's online store, www.symantecstore.com, was voted one of the 10 best software sites by Soft Letter, a newsletter focused on trends and strategies of the software publishing industry.
"It's an honor to be named Symantec's Electronic Reseller of the Year for 1999," said John Herr, vice president of sales and marketing at buy.com. "Symantec is a leader in the software industry so it's been a great relationship for both companies. We're looking forward to helping Symantec have continued success in the coming year."
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. There are certain important factors that could cause Symantec's future development efforts to differ materially from those anticipated by some of the statements made above. Among these are the anticipation of the growth of certain market segments, the positioning of Symantec's products in those segments, the competitive environment in the software industry, dependence on other products, changes to operating systems and product strategy by vendors of operating systems, and the importance of new Symantec products. Additional information concerning those and other factors is contained in the "Risk Factors" section of the company's annual report on Form 10-K for the fiscal year ended April 2, 1999 and all quarterly reports filed subsequent to such date.