Profile: Symantec Corp (SYMC.O)

Symantec Corporation, incorporated on April 19, 1988, is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information. The Company has five operating segments: Consumer, Security and Compliance, Storage and Server Management, Services, and Other. The Company conducts the business in three geographic regions: Americas, which consist of the United States, Canada, and Latin America; Europe, the Middle East and Africa (EMEA), and Asia Pacific Japan (APJ). It also maintains important relationships with a number of original equipment manufacturers (OEMs), Internet service providers (ISPs), and retail and online stores. On June 24, 2011, the Company acquired Clearwell Systems Inc. On January 13, 2012, the Company acquired LiveOffice LLC. In March 2012, the Company sold 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) to Huawei Technologies Co Ltd. On April 2, 2012, it acquired Nukona, Inc.

Consumer

The Consumer segment provides identity protection and digital consumer data, such as photos, music, and videos. For individual users and home offices, it offers security suites and personalized membership offerings for multiple platforms and devices, including personal computers (PC), Macs, and Android-based phones and tablets, as well as related services, such as online backup, family safety, and PC tune-up. Its primary consumer products include: Norton 360, Norton Internet Security, Norton AntiVirus, Norton Online Backup, Norton Mobile Security, Norton Live Services, and Norton One and Norton 360 Everywhere. During the fiscal year ended March 30, 2012, it introduced mobile solutions, including Norton One.

Security and Compliance

The Security and Compliance solutions help businesses protect their information and systems. Its primary solutions include Threat and Risk Management, Infrastructure Protection, Information and Identity Protection, Mobility and Systems Management, and Cloud-Delivered Security Services. Threat and Risk Management solutions allow customers to develop and enforce information technology (IT) policies, automate IT risk management processes, and demonstrate compliance with industry standards and regulations. Its products include security incident management (SIM), managed security services and control compliance suite. Information and Identity Protection includes enabling businesses to identify the owners of specific information, locating sensitive data and identifying those with access to it, and encrypting and preventing sensitive material from leaving an organization. In addition, it offers two-factor authentication and cloud-based single sign-on to better protect the identities of an organization’s employees. Its products include data loss prevention, data insight, encryption, O3, validation and identity protection, and managed public key infrastructure (PKI). Mobility and Systems Management products include mobile management, device and application management, and IT management suite. Cloud-Delivered Security Services include the Symantec.cloud portfolio and SSL Certificates.

Storage and Server Management

The Company’s Security and Compliance segment focuses on providing large, medium, and small-sized businesses with solutions for endpoint security and management, compliance, messaging management, data loss prevention, encryption, and authentication services. These products allow the customers to secure, provision, and remotely manage their laptops, PCs, mobile devices, and servers. It also provides the customers with solutions delivered through the SaaS security offerings. Security and compliance segment helps the customers standardize, automate, and reduce the costs of day-to-day security activities in order to secure and manage their information. The Company’s primary solutions in this segment address the areas, which include infrastructure protection, information protection, authentication services, compliance, systems management and software-as-a- service (SaaS). The Company’s Intelligent Information Management products include NetBackup, Backup Exec, Enterprise Vault, Enterprise Vault.cloud, and eDiscovery. Its Storage Management and High Availability products include Storage Foundation, Cluster Server, Operations Manager, ApplicationHA, Data Insight and VirtualStore.

Services

The Company’s Services help customers address information security, availability, storage, and compliance challenges at the endpoint and in multi-vendor data center environments. The Services segment deliver managed business critical and education services. Managed Services helps customers in IT operations under the management of Symantec specialists in order to optimize existing resources and focus on strategic IT projects. These services include managed security services, managed endpoint protection services and managed backup services. Business critical services support services, connects the customers to Symantec’s technical community and practices to help them in immediate and ongoing value from their investments, and optimize their IT operations. Education services delivers a range of programs, including technical training, certification and custom learning services designed to help IT teams properly implement their Symantec solutions and optimize their use of the functionality of the products.

The Company competes with McAfee, Inc., Trend Micro Inc., Carbonite, Inc., Mozy, Inc., Microsoft Corporation, Comodo Group, Inc., RSA, Entrust, Inc., GoDaddy.com, Inc., Google Inc., SecureWorks, Inc., Verizon Communications, Inc., CommVault Systems, Inc., EMC Corporation, Hewlett-Packard Company, IBM, and Oracle.