Symantec announced the planned acquisition of MessageLabs, a leading provider of message security services. This acquisition will strengthen Symantec's leadership in the messaging security market and provide a strong foothold in the growing software-as-a-service market. MessageLabs' cloud-based security solutions will complement Symantec's existing portfolio and allow them to provide comprehensive on-premise and online security options to customers. The deal is valued at approximately $695 million and is expected to close by the end of the year, pending regulatory approvals.
2016 Broadband Outlook Report, Telecoms.comBrian Metzger
The Broadband Outlook Report is based on quantitative research from more than 600 telecommunications and internet professionals, with over 50% of respondents representing communications service providers (CSPs). Inside you will discover:
* How CSPs define digital transformation
* What percentage of CSPs have a digital transformation strategy
* Which capabilities CSPs say are the most important to improving the digital experience
* And much more insight into the telecom industry’s digital transformation imperative
Microsoft "Nine things we learned about cloud compliance in Latin America"Robert Ivanschitz
I trust you find of value this article distributed last week during the FinTech Americas Summit in Miami. Special thanks and recognition to Daniel Korn and Michael McLoughlin for their partnership publishing this document.
Cloud Services: Resolving the Trust vs. Uptake ParadoxcVidya Networks
cVidya's Nava Levy presents for the panel discussion on Cloud adoption - Is it an Opportunity or Threat? As Cloud adoption grows exponentially, Cloud Security concerns also grow. Panel discussion from TM Forum's Management World 2012 in Dublin.
Nominum Data Science Security Report, Fall 2016Brian Metzger
Nominum’s “Data Revelations” analyzes some of the biggest cyberthreats impacting organizations and individuals today, including ransomware, DDoS, mobile malware and IoT-based attacks. Since DNS is the launch point for over 90% of cyberattacks, it offers a superior vantage point from which to examine, understand, thwart and proactively prevent threats. By applying machine learning, artificial intelligence, natural language processing and neural networks, Nominum Data Science is able to predict and prevent some of the most sophisticated and dangerous cyberthreats to ever hit the internet.
Wilton & Bain and Kaspersky Lab were delighted to host a lively, informative and convivial evening to discuss the challenges of Cybersecurity in today’s data age. We were joined by Paul Johnson CIO at Aldermore, one of the UK’s foremost challenger bank success stories, who provided an insight into the challenges faced by industry.
2016 Broadband Outlook Report, Telecoms.comBrian Metzger
The Broadband Outlook Report is based on quantitative research from more than 600 telecommunications and internet professionals, with over 50% of respondents representing communications service providers (CSPs). Inside you will discover:
* How CSPs define digital transformation
* What percentage of CSPs have a digital transformation strategy
* Which capabilities CSPs say are the most important to improving the digital experience
* And much more insight into the telecom industry’s digital transformation imperative
Microsoft "Nine things we learned about cloud compliance in Latin America"Robert Ivanschitz
I trust you find of value this article distributed last week during the FinTech Americas Summit in Miami. Special thanks and recognition to Daniel Korn and Michael McLoughlin for their partnership publishing this document.
Cloud Services: Resolving the Trust vs. Uptake ParadoxcVidya Networks
cVidya's Nava Levy presents for the panel discussion on Cloud adoption - Is it an Opportunity or Threat? As Cloud adoption grows exponentially, Cloud Security concerns also grow. Panel discussion from TM Forum's Management World 2012 in Dublin.
Nominum Data Science Security Report, Fall 2016Brian Metzger
Nominum’s “Data Revelations” analyzes some of the biggest cyberthreats impacting organizations and individuals today, including ransomware, DDoS, mobile malware and IoT-based attacks. Since DNS is the launch point for over 90% of cyberattacks, it offers a superior vantage point from which to examine, understand, thwart and proactively prevent threats. By applying machine learning, artificial intelligence, natural language processing and neural networks, Nominum Data Science is able to predict and prevent some of the most sophisticated and dangerous cyberthreats to ever hit the internet.
Wilton & Bain and Kaspersky Lab were delighted to host a lively, informative and convivial evening to discuss the challenges of Cybersecurity in today’s data age. We were joined by Paul Johnson CIO at Aldermore, one of the UK’s foremost challenger bank success stories, who provided an insight into the challenges faced by industry.
This document brings together a set
of latest data points and publicly
available information relevant for
Hybrid Cloud Infrastructure
Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely.
Take a look with NEOS into the future. This whitepaper is a summary of the top technology trends and impediments that are coming around the bend in the insurance industry.
The Trust Paradox: Access Management and Trust in an Insecure AgeEMC
This white paper discusses the results of a CIO UK survey on a“Trust Paradox,” defined as employees and business partners being both the weakest link in an organization’s security as well as trusted agents in achieving the company’s goals.
Risk & compliance magazine compressed Mirror Review
Recent cyber security meltdowns in some of the leading sectors of the world have led to a higher demand for security requirements. It has become more expensive and resource intensive to protect financial assets like payment card data and personal health information. This scenario has therefore developed an innate need for a higher level of risk management.
Receiving a staggering 39% of all investments made in Q4, 2014, enterprise software is innovating, disrupting and shaking up the current incumbents like never before.
Viewing this change from a recruitment perspective, we've market mapped enterprise software into its key areas to show you where the most value and potential is.
In this QuickView:
- Key Areas to Watch in 2015
- Technology Layers:
- Infrastructure Layer
- Data Architecture Layer
- Applications Layer
- Security
- Investment by Industry
- Top 100 Cloud-Based Enterprise Software Startups Ranked by Total Funding, March, 2015
Preparing your enterprise against cyber-attacks is no longer a luxury but a necessity. And only those who have leveraged technology without any fear of being destroyed with a single cyber-attack can only be considered to have a digital advantage. This will not only enhance their performance but also put them one step ahead of the competition. Learn how cybersecurity is linked with digital maturity with the following link.
The cloud is more than a buzzword these days. Companies large and small are looking skyward for
critical business functions that were once seen as untouchable—and they’re doing it for the timehonored
reasons of reducing cost and complexity. The prevailing wisdom not long ago was that a critical
application like email had to be housed in a company data center where teams of expensive IT staff
members could babysit it and do little else. But that’s all changed in the past few years.
This document brings together a set
of latest data points and publicly
available information relevant for
Hybrid Cloud Infrastructure
Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely.
Take a look with NEOS into the future. This whitepaper is a summary of the top technology trends and impediments that are coming around the bend in the insurance industry.
The Trust Paradox: Access Management and Trust in an Insecure AgeEMC
This white paper discusses the results of a CIO UK survey on a“Trust Paradox,” defined as employees and business partners being both the weakest link in an organization’s security as well as trusted agents in achieving the company’s goals.
Risk & compliance magazine compressed Mirror Review
Recent cyber security meltdowns in some of the leading sectors of the world have led to a higher demand for security requirements. It has become more expensive and resource intensive to protect financial assets like payment card data and personal health information. This scenario has therefore developed an innate need for a higher level of risk management.
Receiving a staggering 39% of all investments made in Q4, 2014, enterprise software is innovating, disrupting and shaking up the current incumbents like never before.
Viewing this change from a recruitment perspective, we've market mapped enterprise software into its key areas to show you where the most value and potential is.
In this QuickView:
- Key Areas to Watch in 2015
- Technology Layers:
- Infrastructure Layer
- Data Architecture Layer
- Applications Layer
- Security
- Investment by Industry
- Top 100 Cloud-Based Enterprise Software Startups Ranked by Total Funding, March, 2015
Preparing your enterprise against cyber-attacks is no longer a luxury but a necessity. And only those who have leveraged technology without any fear of being destroyed with a single cyber-attack can only be considered to have a digital advantage. This will not only enhance their performance but also put them one step ahead of the competition. Learn how cybersecurity is linked with digital maturity with the following link.
The cloud is more than a buzzword these days. Companies large and small are looking skyward for
critical business functions that were once seen as untouchable—and they’re doing it for the timehonored
reasons of reducing cost and complexity. The prevailing wisdom not long ago was that a critical
application like email had to be housed in a company data center where teams of expensive IT staff
members could babysit it and do little else. But that’s all changed in the past few years.
Symantec's London vision 2014 event more details emerge on the company splitLluis Altes
IDC attended Symantec's Vision 2014 symposium which took place in London on October 21–22. During the event, a team of Symantec's top executives discussed the rationale behind the decision to separate Symantec into two public companies — one company grouping Symantec's security business and the other focused on information management. The executives also presented the company's strategy going forward in terms of product and services updates in the unified security solutions and unified information management areas. Symantec devoted the second day of the event to discuss with partners market trends and opportunities and how the company split should bring benefits to the company and its partners.
The decision to separate Symantec into two independent public companies was announced on October 9 and is expected to be completed by the end of December 2015. Last year, Symantec's global revenues stood at $6.7 billion; after the split the new security focused Symantec is estimated to be a $4.2 billion business accounting for approximately 62% of Symantec's current total business, with the new information management company expected to account for the remaining $2.5 billion in revenue.
Cashing in on the public cloud with total confidenceCloudMask inc.
Banks have always been targets for attack. The year 2011 appears to have been a critical tipping point for bank related cybercrime. Attacks grew at a rate of nearly 300 to 400% that year, and innovative attacks cost banks and customers a lot of money.
Protect your confidential information while improving servicesCloudMask inc.
Over the last few decades, the financial sector has outgrown banks, as financial engineering, digital money and regulatory changes have evolved. Assets managed by financial firms (equity and various types of debt) are larger, as corporate debt has surpassed federal, state and local government’s debt. The US banks’ share of assets under management (AUM) accordingly declined from 58% in 1907 to 27% in 2008, while pension, mutual funds and non-depository firms (e.g., private equity and hedge funds) have grown substantially.
Rama Mail the only solution that COMPLETELY prevents phishingHoward Sterling
Rama Mail Mission Statement
Rama Mail has the potential and intention, based on its patented platform, completely to stop phishing the costliest and most dangerous portal to malware, the biggest unplugged hole in cybersecurity. Thereby:
• Saving the world from the scourge of phishing;
• Creating a large and very profitable company; and,
• Using the core technologies of Rama Mail to stop many other Internet hackings and scams.
EMC Perspective: What Customers Seek from Cloud Services ProvidersEMC
This EMC Perspective elaborates on how service providers can capitalize on the fast-growing cloud services market by being responsive to customers' goals, concerns, and performance and support requirements.
This whitepaper will help you to answer key questions such as: How will your organization protect itself from advanced cyber-attacks? What are you doing to detect suspicious behavior within the organization and beyond? What processes and tools will you implement to quickly respond to threats and quickly recover from the effects of an attack?
"In this issue of “The 10 Most Trusted Companies in
Enterprise Security” Insights Success has shortlisted
those enterprise security providers which are providing
solutions that are systematically profile and
contextualize security threats with a level of detail and
granularity that has never been achieved before."
IT Security at the Speed of Business: Security Provisioning with Symantec Dat...Symantec
Today’s data centers are transitioning into software-defined data centers (SDDC). In the SDDC, the core elements of the infrastructure—storage, server and compute, networking, databases, and business applications—are virtualized and delivered as services. The deployment, provisioning, configuration, management and operation of the entire infrastructure is abstracted from hardware and implemented through software. The infrastructure resources across the stack are application-centric, and customers have the ability to provision IT assets across their public cloud, private cloud, and on-premise domains. These SDDC capabilities are intended to enhance an enterprise’s ability to quickly respond to new opportunities and emerging threats.
Value Journal, a monthly news journal from Redington Value Distribution, intends to update the channel on the latest vendor news and Redington Value’s Channel Initiatives.
Key stories from the January Edition:
• Mashreq migrates to the Microsoft intelligent cloud
• Veeam launches new AWS-Native Backup and Recovery Solution in AWS Marketplace
• CrowdStrike partners with ElevenPaths to bring its platform to
customers worldwide
• Dell Technologies names Jeff Clarke as Chief Operating Officer
• GDPR compliance rate remains low according to new talend research
• Mobile Service providers preparing to fortify Security in anticipation of 5G deployments, according to survey
• New Mimecast research finds data loss is primary concern for
financial industry
• Barracuda MSP announces strong performance internationally
• Fortinet Secure SD-WAN chosen by over 21,000 global customers
• IT security budgets lower than average in 45% of SMBs and 50% of enterprises
• IDC MarketScape positions VMware as leader in three end-user computing vendor assessments
Showcasing exemplary stories of success where channel partners have gone to great lengths to implement innovative solutions. Acclaiming those partners who have risen to the challenges of the digital era and transformed their business to a solutions offering. Inspiring channel businesses to become value-added providers and trusted allies to their customers. Stories that made a Difference.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
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I'll provide you the what'sapp number.
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how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
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1. Symantec to Acquire MessageLabs
October 8, 2008
Helyn Corcos, Vice President Investor Relations, Symantec
Thank you for joining us on such short notice to discuss Symantec’s planned
acquisition of MessageLabs.
With me on the call today from Symantec is John Thompson, Chairman and CEO
and James Beer, Executive Vice President and CFO. From MessageLabs, we have
Adrian Chamberlain, CEO and Stephen Chandler, CFO.
In a moment I will turn the call over to John who will discuss the strategic
rationale of the planned acquisition and provide an overview of the Software-as-a-
Service messaging security opportunity. Next, Adrian will discuss the advantages
of the combination with Symantec from MessageLabs’s perspective. Then, James
will provide a financial summary of the acquisition’s details and discuss our
financial expectations.
Today’s call is being recorded and will be available for replay on Symantec’s
website. In addition, a copy of today’s press release and a presentation outlining
1
2. the strategic merits of the acquisition are currently available on our website. We
encourage you to review the presentation as we deliver our prepared remarks. A
copy of today’s prepared comments will be available on our website shortly after
the call is completed.
Before we begin, I would like to remind everyone that the information discussed
on this call contains forward-looking statements that involve risks and uncertainty,
including expectations regarding the closing of the acquisition and the potential
benefits of the combination of Symantec and MessageLabs. Such risk factors
include, among others, satisfaction of closing conditions to the transaction, our
ability to successfully integrate the merged businesses and technologies, and
customer demand for the technologies and integrated product offerings.
These statements are based on current expectations and actual results may differ
materially from those set forth. Additional information concerning factors that
may cause actual results to differ can be found in Symantec’s filings with the U.S.
Securities and Exchange Commission.
It’s now my pleasure to introduce Symantec’s Chairman and CEO, Mr. John
Thompson.
2
3. John W. Thompson, Chairman and CEO Symantec
Thank you . Good afternoon, or good morning – depending on where you are in
the world.
Today, we announced that Symantec has signed a definitive agreement to acquire
MessageLabs, the leading provider of message security services. With the
acquisition of MessageLabs, Symantec gains a leadership position in the rapidly
growing segment of Software-as-a-Service or SaaS and strengthens our lead in the
messaging security market. SaaS offers customers flexibility and choice in
managing their technology investments to support their growing use of the web as
a medium of information exchange. By implementing online solutions, customers
have access to world-class technology, infrastructure and the people to ensure it
works in their operating environment. This acquisition represents a natural
extension of our current SaaS offerings and provides a strong customer base into
which we can cross-sell our current online services – backup, storage and remote
access – from the Symantec Protection Network.
We are excited to have MessageLabs’s team and market leading SaaS messaging
security capability become a part of Symantec. The acquisition of MessageLabs
3
4. will accelerate the international expansion of the Symantec Protection Network,
increase distribution opportunities for both companies, and leverage the strength of
Symantec’s software portfolio for growth in new SaaS solutions.
Information is one of a company’s most valuable assets. Whether it be a
company’s email infrastructure, customer lists, financial data, or valuable
intellectual property, securing and managing that information is critical to any
business’s ongoing success. MessageLabs’s offerings help ensure that only
appropriate information enters an organization which complements the Symantec
Protection Network’s ability to secure and manage that data with backup and on-
line storage solutions.
Furthermore, the acquisition catapults Symantec into a leadership position in the
rapidly growing market for messaging and web security services. Market
estimates from IDC suggest messaging security will deliver a compounded annual
growth rate (CAGR) of 15% from approximately $2.4 billion in 2007 to $5 billion
in 2012. Together, Symantec and MessageLabs will have more than 2 times the
market share of our nearest competitor. In addition, MessageLabs is the leader in
the largest and fastest growing segment of the messaging market - hosted services,
with 30% market share and a CAGR of 32%, according to IDC.
4
5. As the first company in the world to offer customers the choice of security as an
on-line service, the MessageLabs team has achieved tremendous success. They
have set the standard for the industry with world class online services and
outstanding customer relationships. Along the way, they have built an industry-
leading SaaS suite that provides customers instant and continuous protection of
information transmitted through email, web services and instant messages. With
over eight million users and 19,000 clients located in more than 86 countries,
MessageLabs’s customer base spans the full range of clients from small businesses
to FORTUNE 500 accounts. MessageLabs has relationships with some of the
largest global companies including Dupont and Motorola. To support these
clients, MessageLabs has designed and implemented a robust global infrastructure
with 14 data centers across three continents.
What makes the acquisition so attractive to us is the opportunity to merge the
Symantec Protection Network and MessageLabs, each representing an opportunity
for growth. MessageLabs provides the Symantec Protection Network an
international expansion footprint and very strong expertise in the SaaS sales and
support service model, which should prove invaluable as the service grows in both
the large enterprise and SMB markets. And equally, Symantec provides
5
6. MessageLabs expansion in new geographies and channels, and a more
comprehensive software portfolio from which to contemplate new product
offerings.
What I find most exciting about this transaction is that it immediately leverages our
respective core competitive strengths. It will extend Symantec’s software expertise
in data loss prevention, compliance, archiving and endpoint security solutions
when combined with MessageLabs’s online expertise in email, web security and
instant messaging. The combination will create what we believe will be the most
comprehensive SaaS offerings with a simplified user experience that packages
billing, support and application management through one easy-to-use portal.
Increasingly, our customers want choice. The opportunity to provide them an
expanded set of on-premise and off-premise solutions for many of their most
critical information management challenges is truly exciting. And, the timing of
this choice couldn’t be more appropriate as customers think carefully about their
IT investment plans for the coming years.
6
7. And now, I’d like to welcome Adrian Chamberlain and the entire MessageLabs
team to Symantec and ask Adrian to provide his perspective on the many
opportunities ahead for our combined company.
Adrian Chamberlain, CEO, MessageLabs
Thank you, John and hello everyone.
Let me begin by saying how excited we are to be joining such a world class
organization. As John mentioned, there are tremendous advantages in combining
our highly talented teams, market leading services, blue chip customers and our
shared goal of helping organizations protect their most valuable asset, their
information. Whether that information is on the move or being stored, it needs to
be secure at all times and compliant with that organization’s policies. Together
with Symantec, we look forward to delivering this comprehensive assurance to
clients and building on our respective strengths to further enhance our position in
the market.
The e-mail security market is one of the few security markets where all three
delivery models – software, appliance, and Software-as-a-Service – are available
and are increasingly being deployed in combination. In addition, this market
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8. continues to show strong growth and remains a quot;must havequot; security purchase.
Symantec is already a market leader in the software and appliance mail security
market. With Symantec and MessageLabs together, we will drive geographic
expansion and offer the broadest range of software, appliances, and online
services.
MessageLabs was built from the ground up as a security SaaS company. In fact,
we were the first company to develop an anti-virus service “in the cloud.” Our
success stems from our patented Skeptic technology processing more than 3 billion
email connections and one billion web requests through our network every day, to
create a comprehensive and up to date knowledge base of Internet threats. This
provides dynamic and instant protection for MessageLabs customers.
Now, with threats across multiple communication channels – email, web and
instant messaging, MessageLabs introduced an industry first, “Converged Threat
Analysis,” taking current threat and reputation information from one protocol, such
as email, and applying that knowledge to another protocol, such as web traffic,
providing an unparalleled level of knowledge and protection for MessageLabs
clients.
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9. Clients adopting SaaS for security also demand strong Service Level Agreements.
Our patented Skeptic technology and robust infrastructure, with 14 load balanced
and fully redundant data centers, allows us to provide market leading SLAs,
including a 100% SLA against both known and unknown virus infection, a 99%
spam capture rate and the lowest anti-spam false positive rate in the industry of
0.0003%.
MessageLabs has been incredibly successful in delivering market leading
messaging security solutions to a variety of small and large customers worldwide.
We grew revenue more than 20% during our fiscal year 2008 which ended on July
31, 2008. We continue to have high customer satisfaction and low churn. Our
services are highly scalable and flexible. As our clients grow or needs change, our
services seamlessly adjust to meet their needs without any hardware or software
investments.
We currently offer customers a range of managed security services to protect,
control, encrypt and archive communications across email, web and instant
messaging. Our services protect a customer’s infrastructure from spam, viruses
and other unwanted content without requiring on-site hardware, software or
ongoing maintenance.
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10. Combined with Symantec, we will have the ability to offer clients a broader
solution set by incorporating the Symantec Protection Network’s data protection
and remote access services. Going forward, we will also leverage the synergies
across Symantec’s respective data loss prevention, compliance, archiving and
storage capabilities to deliver expanded services. Each of these product lines are
recognized by industry analysts for their category leadership.
We plan to take advantage of Symantec’s robust distribution network and the
relationships with enterprise and large enterprise to scale our existing success in
the Fortune 500. Joining with Symantec, also enables us to scale our efforts in the
Americas, Public Sector and mid-market segments to improve our penetration rates
and expand geographically.
In closing, I am personally very excited about the opportunity to work with John
and the team, as well as lead the SaaS group at Symantec. By joining forces and
building upon Symantec’s strengths in endpoint, compliance, network and storage
solutions, we can achieve our shared vision of information centric security.
With that, let me hand the call over to James.
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11. James Beer, Executive Vice President and CFO, Symantec
Thank you Adrian. I will walk through a brief summary of the transaction details
and a description of how MessageLabs will be structured within Symantec, as well
as an update on the expected impact this transaction will have on our financial
results.
The value of this transaction equates to approximately $695 million, subject to the
fluctuation in the Dollar/Pound exchange rate between the signing and closing
dates of the acquisition. Symantec will pay approximately £310 million and $154
million for the acquisition of MessageLabs. We will pay for the transaction in cash
from our international cash balance.
MessageLabs generated approximately $145 million in revenue during fiscal year
2008, ending July 31, 2008 and grew by more than 20% over the prior fiscal year,
indicating a revenue multiple of approximately 4.8 times, based on our $695
million purchase price. Geographically, approximately 63% of MessageLabs’s
revenue comes from EMEA, 28% comes from the US and 9% comes from the Asia
Pacific regions. The majority of MessageLabs’s business is billed monthly. In
addition, MessageLabs’ service contracts are on defacto auto-renewal, which
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12. means agreements automatically renew unless written notice is provided otherwise.
As such, we believe MessageLabs gives us another predictable and growing
revenue stream.
This acquisition will be accounted for under purchase accounting rules and will be
subject to European regulatory approvals. The transaction is expected to close as
soon as practicable with our intent being to close towards the end of the calendar
year.
The transaction is expected to be 2 cents dilutive to FY09 non-GAAP earnings per
share. We expect GAAP earnings per share to be more diluted due to purchase
accounting items and the amortization of acquired intangibles.
From an operating perspective, once the acquisition is finalized, MessageLabs will
merge with our existing Symantec Protection Network group to create a new
Software-as-a-Service group operating as a dedicated team. Adrian will lead the
team reporting directly to Enrique Salem, Symantec’s COO. MessageLabs’s
research and development, sales, services and marketing teams will remain largely
intact. For reporting purposes, we plan to include the SaaS results within our
Services segment.
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13. Now, I would like to hand the call back to Helyn so that we can take some of your
questions.
Helyn Corcos, Vice President Investor Relations, Symantec
Thanks. Operator will you please begin polling for questions?
While the operator is polling for questions, I’d like to remind everyone that today’s
press release and supplemental presentation are available on the investor relations
website. In addition, a copy of our prepared remarks will be available shortly after
the call is completed.
I’d also like to remind everyone that we will be reporting our fiscal second quarter
results on Wednesday, October 29th and that we are still in our quiet period. As
such, we will not be answering any questions with regards to our quarterly
performance or results on this call.
Operator, we are ready for the first question.
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