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Symantec: Symantec Extends Market Leadership in Storage Software

^{Published on 2009-04-06 10:41:36, Last Modified on 2009-11-03 08:51:34 - Market Wire}
 

CUPERTINO, CA--(Marketwire - April 6, 2009) - Symantec Corp. (NASDAQ: [ SYMC ]) today announced it expanded its leadership in the overall storage software market according to the [ IDC Worldwide Quarterly Storage Software Tracker ], March 2009, which also reported 15.1 percent year-over-year revenue growth in that market. This growth outpaces both the market and all competitors. The IDC results indicate that while other vendors either lost market share or made only a slight gain in 2008, Symantec captured 18.2 percent of the overall storage software market, up significantly from 2007.

Symantec also remains the market share leader in key IDC storage software categories:

 -- Data protection and recovery software, with 33.8 percent revenue share in 2008 as calculated by IDC -- nearly three times that of the next-largest competitor. -- Storage infrastructure software, with 28.3 percent revenue share in 2008 -- ahead of the leading storage software vendors. -- File system software, with 51.6 percent IDC-calculated revenue share in 2008 -- more than five times that of the next-largest competitor. 

In addition, Symantec ranked second in archiving software and has been steadily gaining market share from 2006 through 2008 while market share of leading archiving vendors decreased over the same period.

"Symantec's expanded position as a leader in the storage software market attests to the performance of our broad portfolio of solutions and our commitment to serving the needs of customers," said John Magee, vice president of product marketing, Symantec. "In 2008, while the economic environment became more challenging, customers continued to turn to Symantec to help them optimize their storage infrastructure and reduce their investments in storage hardware through increased utilization of existing assets."

Symantec delivers a comprehensive family of storage products that enable companies to ensure the availability of their business-critical data. With Symantec storage management solutions, businesses can standardize and automate the management of heterogeneous storage platforms to maximize storage utilization, increase IT responsiveness, and lower infrastructure and operational costs. Symantec data protection solutions enable businesses to prepare for and recover both data and systems in instances of equipment failure, accidental loss of data, or a disaster. With Symantec archiving tools, businesses can automate the retention and storage of email, files, instant messages, and other unstructured content in accordance with IT policies.

[ Veritas Storage Foundation ] includes industry leading Veritas File System and Veritas Volume Manager and provides a comprehensive solution for heterogeneous online storage management. [ Veritas CommandCentral ] provides centralized visibility and control across physical and virtual server and storage environments while reducing risks and costs.

[ Symantec Backup Exec ] and [ Veritas NetBackup ] are the market leading backup and recovery solutions, protecting more than 1.5 million customers, and [ Symantec Enterprise Vault ] is the world's leading active archiving software. Together, these products help organizations protect information completely, store less, find information faster, manage data easily and recover any application or information.

About Symantec

Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world. Our software and services protect against more risks at more points, more completely and efficiently, enabling confidence wherever information is used or stored. More information is available at [ www.symantec.com ].

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at [ http://www.symantec.com/news ]. 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 of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.