Symantec And Veritas CEOs Tout Benefits Of Merging Storage And Security Lines - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Business & Finance

Symantec And Veritas CEOs Tout Benefits Of Merging Storage And Security Lines

The CEOs combine efforts to win shareholder backing and reassure wary customers. In an interview with InformationWeek, the executives explain how their product lines will work together to make life easier and safer for users.

Symantec Corp. CEO John Thompson and Veritas Software Corp. CEO Gary Bloom have some convincing to do. Following the December announcement of their plans for a $13.5 billion all-stock merger, the two CEOs must be persuasive on two fronts. First they must convince shareholders, who will vote in the next couple of months, to back the melding of the two companies into one storage and security management giant with estimated annual revenue of $5 billion. Then they need to convince customers of the greater value that lies ahead.

In an exclusive interview with InformationWeek, the duo explained the reasons behind the merger and shed some light on how the combined companies will benefit their customers.

The two CEOs say the combined product lines will help customers reduce security risks while increasing the availability of information. "The risks of losing data and security are creating enormous complexities and costs to the CIO," Bloom says.

The growing regulatory burden to archive massive amounts of E-mail coupled with the never-ending deluge of spam and virus attacks is one of the primary areas in which the two CEOs believe a combined company will be stronger than separate entities.

Customers will be able to turn to Symantec to manage the entire life cycle of their E-mail, from cleansing incoming E-mail of viruses and spam to storing, archiving, and retrieving E-mail. "What two companies are better suited for that?" Thompson says.

The combination of security software and storage applications will help companies move from reactive security technologies to more proactive defenses, Thompson says. He points to Symantec's DeepSight Threat Management System service, a collection of tens of thousands of sensors watching for attacks throughout the Internet, which, when coupled with Veritas' storage-management software, can help bolster customers' security. "When we see a network attack, [a company] can trigger more frequent backups using Veritas software. Or they can [automatically] change the setting on a server to minimize the risk of that attack," he says.

"The alternative will be to buy technologies from four or five vendors," Bloom says, which would include a mix of network/system-management vendors and a handful of startups focused on helping companies meet regulatory compliance.

But network- and system-management vendors, such as IBM's Tivoli unit, Computer Associates, and Hewlett-Packard, have all tried to sell similar multifaceted packages in the past with little success. "The framework vendors went to large customers and said, 'Buy all of this great software for system availability.' We are not making a promise of all or nothing," Thompson says. "We have proactive and reactive technologies that complement each other. And we're confident that if you use the technologies that we provide you can create a more resilient environment."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
Register for InformationWeek Newsletters
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll