Indian security leaders welcome the move, expected to be finalized later this year, saying it will definitely change the way technology is consumed by organizations, as they expect new innovations to help them tackle future threats more effectively.
“It was a given that Symantec was witnessing stagnant growth with not much innovation happening beyond its endpoint story,” says Sanchit Vir Gogia, Chief Analyst & CEO, Greyhound Research. “It’s logical to invest its corpus funds into this kind of acquisition, where it can meet its goal of scaling up and expanding its footprints, along with a leader to drive innovation.”
Gogia argues that Symantec currently has direct control over 40 percent of the data centres with its endpoint security. “The acquisition has consolidated its positioning in the hybrid cloud space as BFSI and telecom sectors are adopting in a big way, which had not been witnessed hitherto.”
Source: Bank Info Security