Its products are also available on its eCommerce platform, as well as through authorized distributors and OEMs who incorporate its technologies into their products, bundle its products with their offerings, or serve as authorized resellers of its products. Enterprise: The company markets and sells its products and related services to enterprise organizations, including government and public sector customers, through its field sales force. This field sales team is responsible for approximately 2,000 named accounts worldwide. Strategy In 2013, the company announced its strategy to transition from being device-centric or protecting endpoints and the data center, to having a focus of protecting and managing digital information. Its strategy includes simplifying its organizational structure; redesigning its GTM strategy; and changing its product offerings. Research and Development The company’s research and development expenses, exclusive of in-process research and development associated with acquisitions, were $1,038 million for the year ended March 28, 2014. Intellectual Property Trademarks, Patents, and Copyrights: Symantec and the Symantec logo are trademarks or registered trademarks in the U.S. and other countries. In addition to Symantec and the Symantec logo, the company has used, registered, or applied to register other specific trademarks and service marks to help distinguish its products, technologies, and services from those of its competitors in the U.S. and foreign countries and jurisdictions. The company has approximately 2,200 patents, in addition to foreign patents and pending U.S. and foreign patent applications, which relate to various aspects of its products and technology. Seasonality Software license and maintenance orders are higher in the company’s third and fourth fiscal quarters (year ending March 2014) and lower in its first and second fiscal quarters. A decline in license and maintenance orders is in the first quarter of its fiscal year as compared to license and maintenance orders in the fourth quarter of the prior fiscal year. In addition, the company receives a higher volume of software license and maintenance orders in the last month of a quarter, with orders concentrated in the latter part of that month. Competition Information Security: The company’s primary security competitors include McAfee, Inc., owned by Intel Corporation; Microsoft Corporation; and Trend Micro Inc. For its consumer backup offerings, the company’s primary competitors include Carbonite, Inc. and Mozy, Inc., owned by EMC Corporation. In the authentication services market, its primary competitors include Comodo Group, Inc.; RSA, the security division of EMC Corporation; Entrust, Inc.; and GoDaddy.com, Inc. In the SaaS security market, its primary competitors include Google Inc.’s Postini Services and Microsoft Corporation. The company’s primary competitors in the managed services business include SecureWorks, Inc., owned by Dell, Inc.; and Verizon Communications, Inc. Information Management: The company’s primary competitors include CommVault Systems, Inc.; EMC Corporation; Hewlett-Packard Company; IBM; Oracle; and Veeam Software. Significant Events In September 2014, McAfee and Symantec have joined the Cyber Threat Alliance, following the original co-founders, Fortinet and Palo Alto Networks, into the industry’s first cyber-threat alliance. In September 2014, Symantec has announced the opening of a new Customer Management Centre (CMC) to provide a world-class experience for its customers across Europe, Middle East and Africa. In November 2014, Symantec Corporation and HP announced a joint partnership to develop a new Disaster Recovery as-a-Service (DRaaS) solution based on HP Helion OpenStack. History Symantec Corporation was founded in 1982.
symantec corp (SYMC:NASDAQ GS)
350 Ellis Street
Mountain View, CA 94043
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