Symantec recognized as a Leader in Avasant’s Cybersecurity Services RadarView™ Report 2020
Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as a Leader for Cybersecurity Services 2020.Read the Avasant report
AVASANT ANALYST INSIGHTS
- Symantec underwent series of change of hands in the last 12 months. In August 2019, Broadcom acquired Symantec’s enterprise security business which accounted for around 50% of Symantec’s revenue. In January 2020, Accenture acquired Symantec’s cybersecurity services business from Broadcom, including major MSSP capabilities which provided access to 6 SOCs and threat monitoring services.
- Last year, it enhanced its endpoint portfolio by bringing protection, detection, and response all in a single solution: Symantec Endpoint Security (SES). It can be deployed and managed across environments, whether cloud, on-premises, or a hybrid, for all operating systems, including mobile devices.
- As more enterprises transition to cloud, the traditional network perimeter is getting dissolved. To address this trend, it is expanding its cloud security portfolio, which includes integration of Luminate Security and the introduction of CloudSOC Mirror Gateway for CASB controls.
- It also enhanced its network security portfolio by introducing a cloud access security solution that helps secure cloud and internet access in an enterprise environment.
- Symantec has partnered with more than 120 companies, including major players such as AWS, IBM Security, Microsoft, Oracle and ServiceNow.
- It partnered with Anomali to offer threat intelligence-driven solutions to enable enterprises to gain an understanding of the threats.
- It is reaching out to nonprofit organizations through its partnership with TechSoup to secure their networks and devices. Over the years, it has expanded this program to over 200 countries and territories.
- As the BYOD trend rises, it partnered with SyncDog to protect managed and unmanaged devices used by the mobile workforce. It integrated the Symantec Endpoint Protection (SEP) product with SyncDog’s Secure Systems platform to secure sensitive data on devices.
Investments and Innovation
- Symantec continues to invest in its cloud security solutions. It collaborated with AWS to automate threat detection and misconfigurations in AWS workloads and storage, thus enhancing threat intelligence.
- Earlier in 2019, it acquired start-up Luminate Security to augment its own cloud security solution. It helped to secure access to workloads and applications deployed in multi-cloud environments, thus accelerating an organization’s transition to the cloud.
- It also enhanced its endpoint security offering and introduced new products built upon the acquisition of Javelin Networks and Appthority in November 2018. These acquisitions helped expand beyond providing legacy firewalls to endpoint security.
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