SYMANTEC HAS ANNOUNCED that it will split into two separate firms, operating as independent publicly traded companies, one focused on security and the other on information management.
Symantec's decision to separate apparently follows "an extensive business review of the company's strategy and operational structure".
The company believes that creating two standalone businesses will give each more opportunity to grow and drive bigger shareholder value.
"It has become clear that winning in both security and information management requires distinct strategies, focused investments and go-to-market innovation," said Symantec president and CEO Michael Brown.
"Separating Symantec into two independent publicly traded companies will provide each business with the flexibility and focus to drive growth and enhance shareholder value."
Symantec thinks that splitting the company down the middle will also allow each to focus on R&D investments, reduce operational complexity and pursue partnerships.
"Taking this decisive step will enable each business to maximise its potential. Both businesses will have substantial operational and financial scale to thrive," Brown added.
Security company Malwarebytes said that Symantec's decision is an example of how smaller specialised companies are becoming better in malware detection and response.
"The decision to split Symantec in two is a perfect example of this need for focus in the security sector," said Malwarebytes CEO Marcin Kleczynski.
"By freeing itself from the distractions created by trying to capture a variety of markets, Symantec can be more single-minded in its response to the ever advancing threat landscape."
The decision follows in the footsteps of HP, which announced on Monday that it will split in half, separating its more successful PC and printer businesses from its corporate hardware and services operation into two new publicly traded Fortune 50 companies.
One side will comprise HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and the other will comprise HP's market-leading personal systems and printing businesses, operating as HP Inc and retaining the current logo. µ
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