Symantec (ticker: SYMC, exchange: NASDAQ Global Market (.O))
News Release -
Symantec Named Most Trusted Managed Security Services Provider; Symantec
Managed Security Services Captures Top Spot in Survey by The Yankee Group
CUPERTINO, Calif., Mar 24, 2004 (BUSINESS WIRE) -- Symantec Corp.
(Nasdaq:SYMC), the world leader in Internet security, today announced that
Symantec Managed Security Services was named the most trusted security service
provider in a survey by The Yankee Group. According to the results of The Yankee
Group's Enterprise Security Spending Survey, Symantec Managed Security Services
took the number one spot with 31 percent of the survey's respondents naming it
their most trusted choice.
"As corporations acknowledge the value of data as a business asset in today's
information age, they recognize that in order to effectively manage risk, they
need to partner with a world-class security provider," said Grant Geyer, vice
president, Global Symantec Managed Security Services. "A security partnership
demands shared responsibility, and it is imperative to trust your managed
security provider. Symantec is honored to be selected as the most-trusted
security services provider by business practitioners who identify with this
Results of the Enterprise Security Spending Survey are based on responses from
decision-makers in medium-sized to large companies with more than 500 employees.
These companies represent a wide range of industries, including manufacturing,
professional services, healthcare, financial services, and education. In
addition to singling out Symantec as their most trusted managed security
services vendor, respondents also pointed to price, business knowledge, breadth
of services, and responsiveness as their primary criteria when selecting a
security service provider.
"Success in the managed security services arena means offering the right
combination of services at the right price," said Phebe Waterfield, analyst at
Yankee Group. "According to our survey, Symantec has earned a reputation as the
most trusted security service provider based on the three core criteria --
price, responsiveness and service breadth."
The Yankee Group also reported that managed security services are on the way to
becoming a nearly $4 billion market. Driving this market need are regulatory
compliance and network integrity challenges. The survey also found that 54
percent of respondents reported that their security budgets will increase over
the next three years -- with only 8 percent anticipating a decrease. In
addition, antivirus, firewalls, intrusion detection systems (IDS) and intrusion
prevention systems (IPS) were the No. 1 budgeted items for 56 percent of
Symantec Managed Security Services delivers industry-leading security
monitoring, management, and response to clients. Its 24x7 real-time services
enhance an organization's information security posture through continuous
monitoring and management, expert analysis of log data, and immediate response
to potential security threats as they are detected. Based on Symantec's
ground-breaking security operations center (SOC) technology, Symantec Managed
Security Services are delivered through a unique and highly effective
combination of skilled personnel, best practice processes, and state-of-the-art
Symantec is the global leader in information security providing a broad range of
software, appliances and services designed to help individuals, small and
mid-sized businesses, and large enterprises secure and manage their IT
infrastructure. Symantec's Norton brand of products is the worldwide leader in
consumer security and problem-solving solutions. Headquartered in Cupertino,
Calif., Symantec has operations in more than 35 countries. More information is
available at http://www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec
Corporation and its products, please view the Symantec Press Center at
http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted
are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec logo are trademarks or registered trademarks, in the
United States and certain other countries, of Symantec Corporation. Additional
company and product names may be trademarks or registered trademarks of the
individual companies and are respectfully acknowledged.
SOURCE: Symantec Corporation
CONTACT: Symantec Corporation
Candice Garmoe, 310-449-4324
Connect Public Relations
Sherri Walkenhorst, 801-373-7888
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SOURCE: Symantec Corporation