Story image

Symantec to shut up shop in NZ?

27 Feb 2015

Symantec is rumoured to be about to exit New Zealand, with the company shutting up shop March 31 according to market speculation.

Symantec would neither confirm nor deny outright the rumours.

Instead the company says: “As part of Symantec’s plan to separate into two companies, we are carefully reviewing our enterprise business strategy in New Zealand.

“As part of this review, we are considering the needs of our customers and partners as well as the organisational needs of Symantec and Veritas going forward.”

The company says it is currently ‘consulting’ with staff in New Zealand ‘and are focused on ensuring we can continue to fulfil the needs of our customers in this market’.

The company declined to disclose local staff numbers, saying it doesn’t disclose those numbers at a country level. Across Australia and New Zealand it has around 500 employees.

The company is currently in the process of splitting into two discrete businesses globally, with the security business continuing as Symantec, while a second company, Veritas, will be formed out of the information management business.

Following the announcement of the split, it was reported that the company would lay off around 2000 employees – around 10% of its total workforce – over the coming year, with the cuts coming across ‘a number of locations and functions’ within the company.

Early this year Brenton Smith, Symantec ANZ managing director, vacated his role at the company, after two-and-a-half years at the helm, ‘to pursue other opportunities’.

Last year the company reported reduced revenue and profits for its New Zealand operations, recording profit of $360,081 on revenue of $4.6 million for the year to 28 March 2014. Those figures are down from the previous year’s profit of $402,375 on revenue of $5.1 million.

Microsoft Teams’ eight new and upcoming features
After taking Best in Show at Enterprise Connect, Microsoft Teams will be seeing eight new capabilities over 2019.
IDC: NZ's PC market surprise growth will not last
Despite the growth witnessed at the end of 2018, IDC predicts that New Zealand’s traditional PC market in 2019 will decline by -4.4% YoY.
OutSystems and Boncode team up for better code analysis
The Boncode and OutSystems alliance aims to help organisations to build fast and feel comfortable that the work they're delivering is at peak quality levels.
Vector penalised $3.5 million for excessive levels of power outages
''Given the impact electricity outages have on consumers and businesses it is crucial that lines companies have systems in place to identify and manage the risks present in their networks."
Digital spending to hit US$1.2 trillion by 2022
A recent study by Zinnov shows that IoT spend reached US$201 billion in 2018 while outsourcing service providers generated $40 billion in revenue.
Microsoft offers Government free digital skills training
Upwards of 60 workshops will be offered, aimed at giving staff a vital grounding in cloud technologies, artificial intelligence and other skills.
Google certifies Panasonic rugged devices for enterprise
The Toughbook T1 and N1 handhelds meet all requirements for Google’s rugged Android certification.
SIS announces a partnership with Platform 4
“We are looking forward to a strong future in the New Zealand security industry with this global giant as our strategic partner."