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Symantec Corporation

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Symantec Corporation - Healthcare showcase

Year Founded & Workforce

1982

12,122 Employees

Industry

Healthcare

Services

Security Operations Center
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Symantec Corporation Overview

Company Headquarters: California, US

Founded: 1982

Workforce: ~12,122

Company Working: Symantec Corporation (Symantec) is one of the world’s leading cyber security company. It helps organizations, governments, and individuals secure their important data wherever it is stored. Organizations across the world work with Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud, and infrastructure. Symantec operates one of the world’s largest civilian cyber intelligence networks, which helps it to see and protect its customers against the most advanced threats.

Strategy

The company focuses on unique growth capabilities, R&D investments, go-to-market capabilities, and reducing operational complexity. The company also focuses on strategic flexibility, partnerships, and developing individual M&A strategies. Symantec is working toward businesses to focus their time and energy on core competencies, aiding them in keeping their assets digitally protected. It offers better products and services for customers making it easier for them to shop, buy, research, use and get support and assistance if needed. Symantec is looking to increase its investment in research and development and homegrown businesses to meet next-generation needs.

Company Snapshot

$3,600M

Revenue

12,122

Employees

1982

Founded

California, US

Headquarters

SWOT Analysis

Strengths

  • Strong Research and development capabilities
  • Broad portfolio of robust software and services
  • Market leader in security technology
  • Strong workforce
  • Wide product portfolio

Weaknesses

  • Dependence on OEM sales channel
  • Limited market share due to presence of other brands and high customer brand switching

Opportunities

  • Growth in global IT services market
  • Strategic acquisition to boost geographic presence
  • Technology acquisitions to create new business opportunities

Threats

  • Foreign Currency Exchange Risk
  • Intense Competition
  • Increasing competition

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Key Developments

DateApproachDevelopment
August 2018ExpansionSymantec Corporation, a leading cyber security company, announced the expansion of its Security Operations Center (SOC) in Chennai, India. Customers in India and across the globe can now expect enriched access to security intelligence insights, and faster detection and response through greater regional coverage and visibility of the threat landscape in this rapidly growing economy.
December 2018PartnershipSymantec and Fortinet signed a partnership to provide its customers with the industry’s most comprehensive and robust security solutions.
February 2017AcquisitionSymantec acquired LifeLock, Inc., a leading provider of identity theft protection for approximately USD 2.3 billion. With this, the company created one of the most comprehensive consumer digital safety platforms to help protect their information, identities, devices, and families.

Product Offering

  • Symantec Corporation
    • Security Operations Center

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global revenue rose from USD 3,600 Mn in 2016 to USD 4,834 Mn in 2018.
Symantec Corporation — By Business Segment
Series (USD Mn)201620172018
Global revenue3,6004,0194,834

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