Symantec Reportedly Looking to Split into Two

Symantec Reportedly Looking to Split into Two

Symantec Reportedly Looking to Split into TwoAccording to a report, Symantec is in “advanced talks” to separate itself into two companies. Bloomberg originally reported the story based on information from “people with knowledge of the matter.” The company would apparently break up, with one business selling security software and the other focusing on data storage.

This news comes after other technology companies have announced similar splits, such as eBay spinning off its PayPal business and HP splitting itself in half to cover enterprise and PC/printing.

The battle against viruses and cyberattacks is more difficult than ever before, leading Symantec senior vice president for information security Brian Dye to declare the antivirus as dead. “We don’t think of antivirus as a moneymaker in any way,” he said in a May 4 story from the Wall street Journal.

Revenue for the company continues to fall over the last few quarters as it looks for a way to streamline its footprint and increase revenue.

About the Author

Matt Holden is an Associate Content Editor for 1105 Media, Inc. He received his MFA and BA in journalism from Ball State University in Muncie, Indiana. He currently writes and edits for Occupational Health & Safety magazine, and Security Today.

  • Fresh Security Perspective from AMAG’s New Sales Director A Fresh Perspective on Security

    Fred Nelson may be new to the security industry but his sales and leadership methods are time tested, and true. Fred joined AMAG only a few months ago, but brings with him a wealth of experience in sales and life balance solutions. This year is off to a good start for AMAG with new solutions on the horizon.

Digital Edition

  • Security Today Magazine - April 2022

    April 2022


    • Similarities at Data Centers and Airports
    • Transitioning to the Cloud
    • Going High Tech
    • The Benefits of On-site Security
    • Optimizing Store Layouts

    View This Issue

  • Environmental Protection
  • Occupational Health & Safety
  • Infrastructure Solutions Group
  • Spaces4Learning
  • Campus Security & Life Safety