Symantec sells its storage sector compared to $ 8 billion




Company “Symantec” Symantec announced Tuesday it would sell the data storage sector of her, “Veritas” Veritas, compared to $ 8 billion for a company with “Carlyle Group” Carlyle and sovereign wealth fund in Singapore, “GAC” GIC.

The developer of anti-virus software famous “Norton” Norton said it expects to get about $ 6.3 billion of the value of the deal, which is expected to be the first Tbarej of January 2016, in cash.

Separately, Symantec’s quarterly revenue fell by 13.6% to $ 1.5 billion, and the reason for this is, primarily, due to lower demand for consumer security products.
Symantec previous plan

The Symantec announced in October / last October its intention to split itself into two two, so I focused on security solutions, and the other focused on storage and backup work, and an effort to attract more investors.

And the company suffers, which comes antivirus software integrated with its personal computers or capable of buying, from the weakness in sales, then the slowdown in demand for data management software and storage also led to the diminished value of “Veritas”.

Symantec is the last in a series of ads companies the same division, where the company announced the “HP” last year it planned to split itself into two companies in an effort to focus on “services companies” ever-growing market.

He has also completed online auctions site “eBay” eBay before the separation of its electronic transactions service “Bei Bei” PayPal independent operating as a public company


In: Technology & Gadgets Asked By: [15519 Red Star Level]

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