Dive Brief:
- Symantec CEO Greg Clark said his company is ready for a comeback now that it’s completed its purchase of Blue Coat Systems.
- Speaking at the company’s Partner Engage event in Los Angeles, Clark said, "we are the first really truly integrated cyberdefense platform."
- Clark took over as CEO of the new cybersecurity venture after Symantec's president and CEO Michael Brown stepped down in April. Clark served as CEO at Blue Coat from 2011 until Symantec acquired the company.
Dive Insight:
Symantec Corp. announced in June that it agreed to buy Blue Coat Systems Inc. for $4.65 billion. The purchase created a single security vendor primarily focused on enterprise security.
Symantec has struggled in recent years, and the company is betting that the purchase will help turn the company around. The purchase of Blue Coat, with its more modern approaches to security, could indeed help reinvigorate Symantec’s offerings.
During his speech, Clark downplayed competitors such as Cylance, Carbon Black and Tanium, saying that the new Symantec plans to work closely with channel partners to dominate the cybersecurity market, to focus on open source development, and to "use its depth of engineering talent as a key differentiator," Clark said.
"I can tell you…that we are going to emerge as a new force in cybersecurity," he told conference attendees.
