News Column

IBM overtakes Trend Micro

June 11, 2014

Reuters



IBM overtook Japan'sTrend Micro to become the world's number three provider of security software last year, after acquiring cyber security firm Trusteer, according to market share data released yesterday by Gartner.

Symantec and Intel's McAfee retained their slots as the top two makers of security software in a market whose sales last year rose 4.9% to $19.9 billion, according to the annual survey by the Connecticut-based research firm.

IBM's revenue from security software climbed 19% to $1.14 billion last year, Gartner said. In a deal announced last August, IBM paid close to $1 billion for Trusteer, whose products help businesses fight malicious software and cyber fraud, as part of an effort to boost its line of security offerings.

Meanwhile, Trend Micro's sales dropped 5.3% to $1.11 billion, according to the Gartner survey.

Symantec's revenue fell 0.3% to $3.7 billion. The company replaced its CEO in March, marking the second time it has replaced its leader in two years as its board looks to stimulate revenue growth and its stock price.

McAfee's revenue rose 3.9% to $1.7 billion. EMC, which owns RSA Security, saw revenue climb 5.9% to $760 million, putting it into the number five slot in the market, according to Gartner's survey.


For more stories covering the world of technology, please see HispanicBusiness' Tech Channel



Source: ITWeb


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters