(Ping! Zine Web Tech Magazine) – Last week Symantec announced that will split its company into two separate companies, with one focused on information management and the other on security.
Symantec chief executive Michael A. Brown noted that separating the companies will allow both to create growth opportunities and generate more value for its shareholders.
“We really are in two businesses, and there are a lot of disruptive trends in each,” stated Symantec CEO Michael A. Brown. “The best way to execute better and grow faster is to be separating into two companies.”
According to ABC News, the new security company will provide security for data centers, user authentication, and data encryption, while the information management company will focus on archiving, storage management, and backup and recovery services.
Symantec is one of the most recent companies to announce a split within the last two weeks, with eBay announcing a split from PayPal and HP splitting into a PC and printing and software and services company.