Symantec Corporation (NASDAQ:SYMC), a front-runner in cybersecurity provision has recently announced a mass unity of over 120 partners to reduce the prices of cybersecurity as well as its complexity. Despite this new prospect, their stocks have been declining with the last trade session opening at $22.59 and closing at $22.09.
The union is comprised of cybersecurity giants such as AWS, Box, IBM Security, Microsoft, Oracle, ServiceNow and Splunk among other technology innovators. The group is currently making or delivering more than 250 products and services integrated with Symantec’s Integrated Cyber Defense (ICD) Platform.
This unforeseen collaboration shows a “platform shift” in the cybersecurity industry with new research by Enterprise Strategy Group showing that customers are looking to merge vendors and embrace integrated platforms.
“There’s a seismic shift happening in cybersecurity,” said Art Gilliland, EVP and GM Enterprise Products, Symantec. The GM expressed the popular sentiment that the old way of fighting cyber-attacks using fragmented tools was becoming too expensive to manage and was in any case too complex. He said that integrated platforms were the future and that Symantec was proud to be leading this platform shift with a clear vision and a winning portfolio.
Nature Of the Integration
The requirements for cybersecurity today are not adequately met by the existent cybersecurity infrastructure. The cybersecurity infrastructure, which has been growing organically for the past 20 years, still presents the stakeholders with this challenge. This consolidation of the resource has created a tactical approach to handling this challenge.
Symantec received information that their customers were looking to derive real value from their products by investing enormous resources and time in integrating technologies. Therefore, as a solution to this, Symantec has embarked on a strategy to provide an integrated platform with consolidated products, combined services, and collective partnering.
Symantec is introducing three new technologies; the ICD Exchange(a universal data sharing of events, intelligence and actions), the ICD manager(share in management capability) and the Data Loss Prevention 15.5 (Symantec’s new “threat aware” data loss prevention software) that improve Integrated Cyber Defences (ICD) for shared defences and shared management for several technology components.