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NortonLifeLock (formerly Symantec)

Company

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NortonLifeLock (formerly Symantec) is an information security and antivirus software company.
Revenue and Net Profit billions $

Number of employees

Assets

+ NortonLifeLock (formerly Symantec)

Performance indicators

2020: Halving revenue after selling corporate business

On May 14, 2020, NortonLifeLock published its first annual report after selling its corporate business and renaming it. Having disposed of assets related to the development of antivirus software for business, the company's revenue was halved.

In fiscal 2020, closed on April 3, 2020, sales from NortonLifeLock amounted to $2.49 billion against $4.73 billion a year earlier, when the company was still called Symantec and was engaged in corporate solutions. If we compare only the consumer segment, then the turnover for the year has practically not changed.

NortonLifeLock financials

Due to the deal with Broadcom, NortonLifeLock has repeatedly increased its net profit - from $31 million (from the consumer division during the existence of Symantec) in fiscal 2019 to $3.89 billion a year later.

NortonLifeLock's large revenue comes from direct sales to customers: this direction brought the company $2.2 billion at the end of the 2020 financial year against $2.17 billion a year earlier. The average revenue per customer to whom the company supplies products directly turned out to be $8.9.

Revenues from partners remained unnamed and reached $240 million. The revenue of the subsidiary ID Analytics on an annualized basis dropped from $48 million to $46 million.

NortonLifeLock's fiscal 2020 revenue may have been higher as the company planned to sell office buildings totaling about $750 million. However, the transactions were postponed due to the COVID-19 coronavirus pandemic. Those who wanted to purchase real estate from an antivirus manufacturer began to offer short-term leases or completely abandoned their intentions.

On May 14, 2020, after the publication of financial results and forecasts, NortonLifeLock quotes rose by about 4% in electronic trading after the exchange closed.[1]

Business in Russia

Main article: NortonLifeLock in Russia

Acquisitions and divestment

Main article: Acquisitions and sale of NortonLifeLock assets

History

2019

Vincent Pilette is the new CEO

In early November 2019, Vincent Pilette was appointed CEO of NortonLifeLock, formerly Symantec. Read more here.

Selling a $10.7 billion corporate business and renaming it NortonLifeLock

On November 4, 2019, Symantec announced the closure of a deal to sell its corporate business to Broadcom for $10.7 billion. As a result, the American antivirus software manufacturer focused on consumer products and was renamed NortonLifeLock.

Old Symantec Logo

Shares of NortonLifeLock began trading on the Nasdaq exchange on November 5, 2019 under the ticker symbol NLOK. The headquarters was moved to the city of Tempe (Arizona, USA).

On the first day of trading in NortonLifeLock shares, their exchange rate rose by 1.85%, to $24.19. UBS analyst Fatima Boolani predicts an increase in the value of securities to $27 and recommends that investors buy them.

On the closing day of Symantec's corporate business, Broadcom's quotes rose almost 3% to $314.04, the highest since early May 2019.

Symantec announced the closure of the sale of its corporate business to Broadcom for $10.7 billion

Symantec's enterprise solutions division within Broadcom was led by Art Gilliland, who has overseen the product development and promotion teams since November 2018.

Broadcom intends to focus on the implementation of Symantec products to the largest companies on the Global 2000 list. Broadcom chief Hock Tan told investors that working with small customers does not bring the same long-term relationship and that "bright, visible objects" tend to be more attractive.

Broadcom expects that the deal will allow the company to increase annual revenue by $2 billion, and cost savings by $1.3 billion.

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Today we have an important milestone when Symantec's enterprise security business joins our other franchises in the semiconductor industry  and software development that together form Broadcom's platform, "Tan said.
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The division that Symantec sold to Broadcom is developing software to help companies and government agencies detect attacks on various devices and control the use of cloud services. Symantec's competitors in this market are Cisco, CrowdStrike, Microsoft, Palo Alto Networks and Zscaler. In 2019, this business brought Symantec about half of the revenue, or about $2.3 billion. At the same time, the consumer direction accounted for 90% of operating profit.

Symantec plans to spend the funds received from Broadcom to return capital to investors in the form of a special dividend of $12 per share. The company also intends to increase its regular dividend to 12.5 cents per share after the deal closes.

NortonLifeLock says that by the beginning of November 2019, about 50 million consumers use the company's products and services. Vendor calls itself a global leader in the consumer cybersecurity market.

The Symantec brand will remain on the market - under it Broadcom will continue to release cybersecurity solutions for companies.

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Today's launch of NortonLifeLock is a key step in our transformation towards a standalone business focused on consumer safety, says NortonLifeLock CFO Vincent Pilette. - As we move through the transition period over the next twelve months, we will change the structure of our expenses so that the company achieves revenue, cash flow and profit growth.
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Symantec sold corporate business for $10.7 billion and renamed

According to agency sources, direct Bloomberg Permira investment companies and Advent International are going to buy a $16 billion consumer information security business from Symantec. The publication The Wall Street Journal confirms that such negotiations are underway, and the sale of Symantec assets to private investors can reduce tax deductions for shareholders.[2]

Russian-speaking hackers sell the source code of Symantec, McAfee and Trend Micro antiviruses for $300 thousand.

In mid-May 2019, the American company Advanced Intelligence (AdvIntel), specializing in information security threat intelligence, reported a hack into the servers of three antivirus manufacturers: Trend Micro, Symantec and McAfee. Behind this cybercrime, according to experts, is the Russian-language hacker group Fxmsp, which began selling source codes of antivirus products on shadow websites, asking for $300 thousand for them. Read more here.

Decrease in revenue by 2% to $4.73 billion

In fiscal 2019, which was closed on March 29, 2019 calendar, Symantec sales amounted to $4.73 billion, a decrease of 2% compared to the previous year.

The decline is due to problems in the division under which the company contracts with business and government agencies. The corresponding structure for the year raised $2.32 billion, which is 9% less than a year ago.

Symantec Financials

Consumer Cyber ​ ​ Safety (formerly Consumer Digital Safety), which is responsible for Symantec's consumer business, has registered a 6 percent increase in sales - up to $2.41 billion.

According to Reuters, long-term corporate contracts are very important for Symantec against the background of how companies around the world are increasing their budgets for information security, and consumers are reducing the cost of personal computers, which, as a rule, come with built-in antiviruses.

In fiscal 2019, Symantec's net profit was $31 million, while in 2018 it was measured at $1.14 billion.

By the end of March 2019, Symantec's headcount was 11,923 , up from 11,830 the year before. Obligations under contracts exceeded $3 billion.

Simultaneously with the publication of the financial statements, Symantec unexpectedly announced the dismissal of CEO Greg Clark. Richard Hill, who previously headed the semiconductor company Novellus Systems, was appointed interim head of the company.

At a conference with analysts, Richard Hill, speaking about the reasons for Clark's departure, said that his father was ill. Symantec will appoint a new chapter after the change of Operations Director and Marketing Director occurred.

By May 2019, Symantec's operations are divided between two main divisions:

  • Enterprise Security (technologies for business and government agencies);
  • Consumer Cyber Safety.

On the day Symantec released its fiscal year 2019 report and announced the CEO's resignation, the company's shares fell 13% in price[3]

2018

The collapse of quotations by 20% after the publication of financial results

In fiscal 2018, which ended on March 30, 2018, Symantec's revenue reached $4.8 billion, up 21% from a year earlier. The company returned to net profit, recording it at almost $1.2 billion, while at the end of the previous year there were losses in the amount of $106 million, which were caused by expenses on the acquisition of assets.

Despite growing revenues, Symantec shares collapsed more than 20% to $23.15 after the publication of the financial report. As the Financial Times explains, the collapse of quotations occurred in connection with the investigation that the company began and due to which the release of detailed annual reports may be postponed.

Symantec financials (click to zoom in)

Symantec did not disclose the details of the investigation and only assured investors that it was not related to any security issues or problems in the company's products and systems. It is also noted that the check was initiated "in connection with the concerns that arose from the former employee."

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The investigation is at an early stage, and the company cannot predict its duration or results, Symantec said, adding that the release of the final report is unlikely to take place within "the deadline."
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Lawyers representing Symantec investors have begun checking whether the company may have provided misleading information about its activities.

In fiscal 2018, revenue in Symantec's corporate products division amounted to $2.6 billion, which is 9% more than a year ago. In the direction of Consumer Digital Safety, focused on serving consumers, revenues were recorded at $2.3 billion. This is 37% more than in 2017.

At the same time, the consumer division brings the company much more profit than the corporate one: annual profit there was equal to 1.1 billion and 489 million dollars, respectively.[4]

Symantec top executives on trial for forging documents for bonuses

Shareholders of Symantec, an information security software developer, have sued the company for falsifying financial statements for fraudulent purposes. The defendants in the lawsuit are Symantec itself, its CEO Greg Clark, CFO Nick Noviello and former chief accountant Mark Garfield[5].

The lawsuit was filed in San Francisco District Court by James Felix on behalf of anyone who purchased Symantec shares between May 11, 2017 and August 2, 2018. According to the lawsuit, during this period, Symantec management inflated revenue figures in quarterly reporting in order to maintain its bonuses tied to the financial results of the business. Such actions are in violation of U.S. federal securities laws.

As a result of falsification of reports, Clark and Noviello were able to exceed the target values ​ ​ of the remuneration plan for 2017. They received about $52.1 million in fees and should receive about $4 million more - just for the achievements reflected in the statements.

Cutting 8% of the state in a bid to boost margins

On August 2, 2018, Symantec announced an 8% reduction in headcount as the company seeks to improve the profitability of its business. The company is laying off workers after a multi-quarter decline in corporate sales.

By the end of March 2018, Symantec had more than 13,000 employees. Taking this into account, it turns out that the manufacturer of antivirus software will lay off about 1 thousand people.

In pursuit of margins, Symantec leaves people out of work

The company believes that staff cuts will reduce annual costs by $115 million. At the same time, how much money will be spent on personnel reorganization (including the payment of compensation to dismissed employees) is not specified.

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We expect these measures to partially impact operating profit margins in fiscal 2019 and have full effect in fiscal 2020, Symantec CFO Nick Noviello said on a conference call with analysts.
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Credit Suisse analyst Brad Zelnick considers Symantec's plan to reduce staff and costs amid the pressure faced by the company to be reasonable.

After Symantec announced mass layoffs, the company's shares fell 10% in price in additional trading after the exchange closed on August 2, 2018. In addition to the statement on the liquidation of working positions, the company's downwards revised forecast for annual revenue had a negative impact on quotations - from $4.76-4.9 billion to $4.67-4.79 billion. Moreover, higher sales were expected on Wall Street - at $4.84 billion.

From the beginning of 2018 to August 2, Symantec securities fell 27% due to an investigation that the company began and due to which the release of detailed annual reports may be postponed. What exactly is the check, the vendor does not specify.[6]

2017

Losses due to the purchase of Blue Coat Systems for $4.65 billion

On May 10, 2017, Symantec released its Fiscal Year 2017 Performance Report. The company recorded a loss due to expenses related to the purchase of information security solutions manufacturer Blue Coat Systems for $4.65 billion.

For the 12-month period, which ended on March 31, 2017, Symantec received a net loss of $106 million against a profit of $2.5 billion a year earlier. Sales at the same time rose by 12%, exceeding $4 billion.

Symantec's consumer business did not grow over the year and remained at $1.66 billion. Revenues in the corporate sector increased by 22% to $2.4 billion.

Symantec Headquarters Building

The company's cash losses are largely due to the acquisition and integration of Blue Coat Systems. As a result of this transaction, Symantec's operating expenses jumped 29%, reaching $3.3 billion. However, the company says the acquisition is already bearing fruit.

According to Symantec CEO Greg Clark, as a result of the merger, the company attracted new customers in the corporate and consumer markets, as well as increased revenue from cloud subscriptions by 67%. At the same time, the implementation of a wide range of Blue Coat Systems solutions is growing strongly.

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We saw the expected sales levels of Blue Coat products in the fourth quarter, - said the head.
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He also added that Symantec expects a "natural shift" towards hybrid cloud solutions, and the company has "a better set of such technologies than any other vendor."

Symantec CFO Nick Noviello said the company has embarked on a "long-term and sustainable growth trajectory." Clark added that the manufacturer is showing "excellent results" in terms of operational efficiency. The goals are quite achievable, and the company "feels good" in the new financial year, the CEO said.[7]

Symantec refused to disclose the source code of its software to the authorities in the future

On October 10, 2017, Symantec announced its refusal to continue to agree to the verification of the source code of its software by government agencies of other states due to concerns that the security of the solutions themselves could suffer during such inspections. This was stated in an interview with Reuters by Symantec Chief Executive Officer Greg Clark[8]

The agency notes that IT companies are under increasing pressure from the Russian authorities, forcing vendors to agree to check the source code of solutions in exchange for permission to sell solutions in Russia.

Greg Clark Code Validation Process Poses Unacceptable Risks to Symantec Customers

Cybersecurity experts emphasize that Symantec's decision not to disclose the source code of its software once again draws attention to the growing tension experienced by technology companies as "defenders" of US cybersecurity when they conduct business in such opposing countries of Washington as Russia and China.

According to Greg Clark, security threats are too great. At a time when entire states are becoming victims of hacker attacks, Symantec believes that the risks of losing customer trust outweigh the potential business benefits. Despite the fact that the company does not consider code checks as an immediate prerequisite for cyber attacks, Clark believes that this procedure carries unacceptable risks for Symantec customers.

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There are secrets or, in other words, things that should be guarded (software), "Clark said, speaking of code checks.
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By September 2017, Symantec's stake in the Russian cybersecurity market was relatively small, so such a decision was made relatively easily, unlike other companies, whose presence in Russia is much larger.

Earlier it was reported that Hewlett Packard Enterprise gave consent Russian Ministry of Defence to check the source code of the security solution, information security ArcSight which is used to Pentagon protect computer networks.

2016

Almost all Symantec products contain vulnerabilities

On June 30, 2016, it became known about the results of a Google study of Symantec products - almost all of them contain vulnerabilities through which a hacker can remotely execute arbitrary code on the system or obtain administrator rights. The problem is relevant for Windows, Mac, Unix and Linux systems [9]

Assessment of the situation: "it doesn't happen worse."

The first vulnerability is contained in the unpacker of executable files compressed using ASPack. ASPack is an application that reduces the size of the executable file by 70%, this reduces file loading time and saves network traffic, while the user will not notice a slowdown in the file startup speed.

Symantec has integrated file decompressor into a software core that it uses in a variety of its products - both for corporate customers and for private users.

List of products containing the vulnerability:

Some of these solutions do not support automatic updates. Therefore, administrators are advised to take immediate action to fix the vulnerability in them. Symantec has published instructions for this on its website.

Using the vulnerability (it is assigned the CVE-2016-2208 number in the Common Vulnerabilities and Exposures system), an attacker can cause a buffer overflow. And since the unpacker is in the kernel, this allows you to cause a failure in RAM at the kernel level. This can only be done on systems running Windows, the researchers noted.

Integrating the unpacker into the software kernel is not a good idea, commented in. Google Moreover, compression of executable files is unsafe in itself, as it is too difficult for antiviruses to check them, and their developers, such as Symantec, go to various techniques that make their own software vulnerable.

The vulnerability (CVE-2016-2209) is contained in the Microsoft Word file analysis engine, which extracts metadata and macros from PowerPoint files and other documents. During the operation of this mechanism, data is cached for higher performance. The researchers found a way to manipulate the cache, which also allowed for a buffer overflow. They published the exploit code in the public domain.

According to Google's findings, this is a 100 percent working exploit for remote system hacking that works with the standard Norton Antivirus and Symantec Endpoint settings. The exploit can be delivered to the user in an email or posted on the site. Since the vulnerability is in the engine, the problem affects all products under the trademarks of Symantec and Norton.

In the list of vulnerable products:

all other Symantec/Norton Carrier, Enterprise, SMB, Home, etc.

The vulnerabilities were discovered by researchers at the Google Project Zero project, launched in July 2014. The initiative caused discontent, Microsoft which did not have time to release patches for vulnerabilities before Google it published exploit codes. According to representatives, Google they always first warn about the "holes" of developers, and software only then publish exploits - 90 days after the warning.

A 4 % drop in revenue to $3.6 billion and a reduction of 1,200 employees or 10% of the staff

On May 12, 2016, Symantec published its Fiscal Year 2016 Performance Report and announced the dismissal of one in ten employees. The antivirus software manufacturer is optimizing its business to save money.

As a result of the 12-month reporting period, which ended on April 1, 2016, Symantec's revenue amounted to $3.6 billion, which is 4% less than a year ago. Net profit jumped 183% to $2.5 billion. This amount included revenues from the sale of the Veritas division (engaged in the development of data management software) for $7.4 billion.[10]

Symantec Fires One in 10 Employees

In the division for the production of corporate solutions for information security, revenue fell by 4%, which Symantec explained by the company's transition to a subscription software distribution model.

At a conference on the publication of the annual report, Symantec CFO Thomas Seifert announced the reduction of about 1,200 jobs. According to information from the Symantec website, by May 2016, the vendor's staff exceeds 11 thousand people. Thus, according to the results of the announced layoffs, more than 10% of employees can leave the company.

This restructuring, which will require $230-280 million in expenses over two years, aims to reduce annual expenses by $400 million. In particular, $100 million is planned to be saved by eliminating excess management personnel and regrouping some positions in less costly regions, Thomas Seifert said.

In addition, the company intends to improve its financial position as a result of eliminating the costs of selling Veritas, as well as by reducing the cost of supplying products and efficient use of real estate.

Finally, Symantec is going to optimize its corporate information security business by focusing on solutions that can accelerate the development of a unified security strategy, where the company, according to its head Michael Brown, has advantages over competitors.[11]

Resignation of CEO Michael Brown

On April 28, 2016, Symantec announced the resignation of the head of the company, Michael Brown, who held this position for about a year and a half. Analysts are surprised by this statement.

According to Symantec, Michael Brown will step down as CEO and president of the company the moment his successor is found. As part of the search for a new chapter, the so-called Office of the President was formed under the leadership of Ajei Gopal, who was appointed interim CEO of the American company.

2015

3% drop in revenue to $6.51 billion

On May 14, 2015, Symantec reported results in fiscal year 2015. Both revenue and profit of the American antivirus manufacturer have declined, which is to blame for the weak demand for PCs in the world and a strong dollar.

At the end of the 12-month reporting period, which closed on April 3, 2015, Symantec's sales amounted to $6.51 billion, which is 3% less than a year earlier. Net profit for this period decreased by 2% to $878 million. Operating margin remained unchanged at 17.7%.

Weak PC Demand Causes Symantec Revenue to Fall

In addition to weak PC demand, Symantec suffers from a high dollar exchange rate

Symantec's revenue decline was impacted by a 9 percent increase in the dollar against major world currencies in January-March 2015. The impact of this factor on the company's business is very high, since more than half of the vendor's revenue is tied to foreign activities. In fiscal 2015, Symantec sales outside the United States fell 4% to $3.3 billion. Excluding fluctuations in exchange rates, the turnover practically did not change. This applies not only to foreign business, but also to general.

Another negative factor for Symantec is the weakening demand for personal computers. In the first quarter of 2015, IDC analysts calculated that 68.5 million PCs were shipped to the global market, which is 6.7% less than a year earlier. At the end of 2015, a 4.9 percent decrease in the output of these products is expected.

Due to low PC sales, Symantec's core business, information security solutions, is primarily affected. Their implementation in fiscal 2015 decreased by 9% in the consumer segment, by 2% in the corporate segment, amounting to $1.89 billion and $2.06 billion, respectively. At the same time, the division specializing in products in the field of storage, backup and recovery of data showed a 2% rise in annual revenue to $2.56 billion.

At the end of fiscal 2016, Symantec expects revenue in the range of $6.2 billion to $6.35 billion and profit of 86-96 cents per share. Revenue forecast for the first fiscal quarter is $1.5-1.54 billion, while analysts polled by Thomson Reuters predict sales of $1.62 billion.[12]

Symantec Partner Program

White Paper: Symantec Partner Program

2014

Two-company Symantec section

Symantec officially announced in October 2014 its intention to split into two independent public companies, one of which will be engaged in the business of information security, and the other in the field of information management (Information Management). This plan received unanimous approval from Symantec's board of directors.

After the separation, the information security-focused company will deal with: personal and corporate PC security, encryption, mobile security, SSL certificates, user authentication products, mail, web and data center security, data loss prevention (DLP), hosting security and information security services.

Symantec expects the information security market to reach $38 billion by 2018.

The company that spun out of Symantec, which will be engaged in the IM business, will focus on products for backup and recovery of data, archiving and search for information, storage management, etc. This market is expected to increase from $11 billion in 2013 to $16 billion by 2018. Symantec revenue in this direction in fiscal year 2014 amounted to $2.5 billion.

The names of the new companies were not disclosed, however, judging by the context, the information security company will retain the name Symantec.

Interestingly, the official announcement of the Symantec partition came just four days after a similar announcement by Hewlett-Packard, which also announced the partition into two public companies: Hewlett-Packard Enterprise, which will be engaged in the infrastructure business, software development and service delivery, and HP Inc., which will leave the PC and printer business.

According to data for fiscal year 2014, information security tools bring Symantec about 62% of revenue, where 43% is accounted for by consumer solutions, and 19% - by corporate, notes. Forbes[13]

Symantec is laying off 2 thousand employees or one in ten

Symantec will reduce about 2 thousand jobs, which is approximately 10% of the total number of 20.8 thousand employees, SiliconBeat reported in November 2014. The company announced its intention to reduce staff simultaneously with the publication of results for the second quarter of the 2014-2015 fiscal year, which ended on October 3.

Most of Symantec's employees are in the United States - 44% of the total state. In 2013, Symantec ranked the tenth largest state among employers in Silicon Valley, notes The Mercury News.

The reduction will be carried out over the next year. It will affect several regions and various positions, said Symantec spokeswoman Kristen Batch. She explained that the cuts are part of the process of dividing the company, which is in the active phase.

2013: New CEO: Michael Brown to replace Steve Bennett

In January 2013, new Symantec Chief Executive Officer Steve Bennett began cleaning the company as part of the Symantec 4.0 strategy to rebuild the sales organization and reduce unnecessary personnel. Large purchases were stopped and the scope for integration was taken. This restructuring disrupted the sales pipeline, and innovative startups with an influx of venture capital funding entered the market. Increased interest in advanced threat detection technologies on client devices and on the network; The demand for cloud security gateways, information security analytics using "big data" and threat analysis is also growing.

In March, the Symantec board fired Bennett, who was "not moving fast enough." Michael Brown was appointed interim chief manager, who began to explore the possibility of dividing the company.

2011: Symantec products repel 5.5 billion attacks, up 81%

Main article: The number of cyber attacks in Russia and in the world

In 2011, Symantec repelled more than 5.5 billion attacks, an 81% increase from the previous one. In addition, the number of unique samples of malicious code in the world increased to 403 million, the share of daily Web attacks increased by 36%.

At the same time, the level of spam has significantly decreased, and the number of new vulnerabilities has decreased by 20%. This global statistics against the background of the ongoing growth of the market malware reveals an interesting trend. Attackers began to use simple tools for existing vulnerabilities. Increasingly, cybercriminals are targeting, preferring social networks them. to spam The very nature of such networks forms an erroneous opinion about the security of users, and attackers see them as new victims. Social engineering technologies and the viral nature of social media allow threats to spread at tremendous rates.

At this time, the company offers a wide range of IT infrastructure protection products. These are not only antiviruses, but also a set of various functionality, including monitoring the application of information security policies, means of protection against leaks (Symantec Data Loss Prevention), encryption, system management, user authentication, solutions for protecting the server infrastructure (Altiris).

Symantec Security Technology and Response (STAR), which includes Security Response, is an international team of security engineers, virus analysts, and researchers dedicated to developing functionality, content, and implementing support for all Symantec enterprise solutions and home user products. STAR development centers are open around the world, the company studies malicious codes using more than 130 million systems located on the Internet, receives data from 40,000 network monitors in more than 200 countries, and monitors more than 25,000 vulnerabilities that cover more than 55,000 technologies from more than 8,000 vendors. The team uses the data to develop and produce the world's most advanced information security tools.

2010: New logo with VeriSign logo element

In October 2010, the company introduced a new logo that combines the Symantec name with the "check mark" symbol (an element of the VeriSign logo - a recent acquisition of Symantec). The company believes that the VeriSign "checkmark" is the most recognizable symbol in the field of Internet trust. It is exhibited more than 250 million times a day on more than 100 thousand sites in 160 countries of the world. The "check mark" and circle will become a single symbol that will be used in all Symantec brands, including consumer Norton and SaaS-brend Symantec Hosted Services brand. This logo unifies a wide range of Symantec products and improves Symantec's visibility across all user segments, from individual users to the largest multinational organizations.

2003: Top 20 internet giants by size of internet audience

Internet companies by audience size

1982: Founding of the company

Symantec was founded in 1982 by Gary Hendrix to solve approximately the problems that popular search engines now solve. The company has released a number of products that made it easier to find information inside some databases. The Symantec name combines "syntax," "semantics," and "technology."

Notes