Posts Tagged ‘Symantec’
Amid the turmoil of a CEO search, falling sales and increasing investor pressure, Symantec is launching a branding campaign aimed at raising awareness among IT managers that its portfolio of products can “Do It All,” from security to data protection to systems management.
Axcient is looking to capitalize on Symantec’s leadership woes and aging legacy install base of Backup Exec software by giving away a virtual appliance that offers the experience of cloud-based data recovery services.
Symantec has reportedly signed JP Morgan Chase to help craft its future course and draft a defense against activist shareholders. The move is a clear sign the security and software vendor is under pressure to act amid its wayward strategy and leadership vacuum.
Symantec is searching for more than just a new CEO; it needs a new strategic direction. What comes next is the inevitable call to break up the security and storage units. It’s an old idea that resurfaces because, in the eyes of many, it makes sense.
Declining antivirus sales brought on by the PC slump is given as the prime reason for Symantec’s firing of CEO Steve Bennett. It’s probably not the only reason he got the hook, but it does show how vendors and solution providers dependent on one technology are exposed to disruption.
After one too many missteps and missed financial targets, the security and storage vendor known as Big Yellow unceremoniously dumped CEO Steve Bennett on Thursday.
Enrique Salem’s hiring is a smart move for Box, though probably not enough on name alone to put them on the playing field with bona fide BCDR vendors.
Cloud backup specialist Axcient released its first virtual appliance for VMware environments, enabling partners to use customers’ existing hardware to support data protection and recovery tasks. It’s also flirting with a new label for its core value – “recovery as a service.”
Symantec announced its withdrawal from the cloud backup market, but isn’t leaving the segment behind. Rather than providing a hosted service, Symantec is evolving its NetBackup to become a platform for service providers.
Symantec quietly discontinued its Managed Firewall and Managed Endpoint Protection in June, but partners and customers are now taking notice in light of the security and storage vendor’s withdrawal from the cloud backup market.