Symantec has been preparing to split into two entities for about six months, according to a letter sent to the company’s suppliers and seen by The Register.
The letter said: “Symantec has been restructuring for organic profitable growth, with product and Go To Market specialization for each of the two markets. Over the last two quarters we have seen clear signs of success and growth as a result of this new focus, validating our approach.”
Symantec’s August results announcement contained some comments that could be taken as hinting at the specialization and split strategy, but at the time executives’ remarks focussed on other factors as the reason for some pleasing number. The memo also states it is “business as usual” during Symantec’s split and says a “seamless transition for our valued suppliers” is the company’s aim as it becomes two companies.
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