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Symantec sets break-up date - But who gets NZ?

Symantec sets break-up date - But who gets NZ?

Symantec will begin operating as two separate companies from April 1, potentially leaving New Zealand partners in serious limbo with the move now only weeks away.

Symantec will begin operating as two separate companies from April 1, potentially leaving New Zealand partners in serious limbo with the move now only weeks away.

In a memo to employees, Tricia Atchison, senior director of channel marketing North America at Symantec, moved to reassure staff of the merits of the break up, which will officially kick in by December 2015.

"We are going to stay the course with you guys,” Atchison told staff. “It's a really exciting time at Symantec as we split the company into two. We think it will provide us a lot of opportunity as we go forward in both businesses.”

As revealed earlier this year, Symantec announced Veritas Technologies Corporation as the name for its independent publicly traded information management company, which will be created following the completion of the previously announced separation into two companies.

“We have begun to realign the sales and marketing organisations to support the businesses, starting by selecting Brett Shirk as our new global sales leader for Veritas,” a company update stated.

“We are preparing the Symantec and Veritas sales organisations to operate independently at the start of the Symantec fiscal year at the beginning of April, 2015.

“Over the coming months we will begin sharing details on each business’ territory coverage and sales structure.

“The separation remains on track for the end of the year, and we continue to expect to deliver better results for customers, partners and shareholders.”

As reported exclusively by Reseller News in late February, Symantec is widely expected to exit New Zealand on March 31, as it continues to realign its business during a period of significant transition for the company.

“We are currently in the process of consulting with our staff in New Zealand and are focused on ensuring we can continue to fulfil the needs of our customers in this market,” a Symantec spokesperson told Reseller News at the time.


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