Symantec's Secret SaaS Weapon
-
Font Size:
Symantec (SYMC) is using the old Trojan Horse strategy to conquer new software markets.
Let me explain.
After a year of anticipation, Symantec has finally launched its software-as-a-service platform -- which is called the Symantec Protection Network [SPN]). Initially, SPN supports online storage, with security services expected to arrive later this year or sometime in 2009.
SPN could be a compelling option for small businesses that are seeking to backup their data and have it protected at an offsite facility.
Now, for that Trojan Horse Strategy. SPN offers close integration with Symantec Backup Exec. In case you didn't know, Backup Exec ranks among the most popular on-site backup and restore platforms in the industry.
Now, consider the possibilities: Customers that use Backup Exec on their servers might be inclined to pay an additional monthly fee SPN's offsite data protection services.
On the flip side, SPN customers might be prompted to license Backup Exec for added on-site data protection. Either way, Symantec wins.
Of course, SPN and Backup Exec aren’t the only games in town. Startups like Vembu Technologies have lined up more than 550 partners that specialize in storage as a service. EMC (EMC) has launched a storage as a service platform that may ultimately tie to managed ERP systems. And multiple MSP platform providers are exploring ways to integrate their services with Amazon.com’s Simple Storage Service (Amazon S3).For Symantec partners and customers, the potential advantages of SPN are clear: Instead of forcing customers to choose from a hodgepodge of online services, SPN could eventually become a single platform for complete information protection.
Admittedly, SPN isn’t ready to fulfill that mandate today. It took Symantec longer than initially expected to get SPN online and ready for action. I originally expected the service to debut in the fall of 2007.
Now, we'll finally find out if SPN was worth the wait.
Disclosure: none
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
-
Editor's Picks
-
Most Popular
- The Nature of a Crowded Trade: This Time It's Housing
- American Express Calls Investment Banks' Bluff
- Japan: Recession-Bound As Exports Slow?
- iShares MSCI Mexico: Surprising Strength South of the Border
- A Fed Rate Hike Won't Solve the Current Crisis
- Understanding Metastorm's IPO as an Investment Opportunity
- Full list of Editor's Picks »
- Three Stocks To Be Held To Infinity and Beyond »
- As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling »
- Wall Street Breakfast: Must-Know News »
- Steve Jobs' Health: A Red Herring »
- Financials: How - And When - We Reached the Bottom »
- Four Long-Term Winners Selling at Deep Discounts »
- Apple F3Q08 (Qtr End 6/28/08) Earnings Call Transcript »
- Earnings Preview: Washington Mutual »
- The Agriculture Boom Goes Bust »
- Crazy Dividends »
- Apple's a Buy Under $150 »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Auto Retailers' Ability to Pay Debt - What It Means
- Three Conservative Growth Industrial Picks: Adminstaff, Carlisle Companies and Illinois Tool Works
- Wait for August FFIEC Call Reports Before Taking a Long Position in Banks
- Now's the Time to Buy Something
- 3Com Corp.: Undervalued by Half
- Wachovia CEO's Insider Buying Is Another Indication of a Bottom
- Consumer Staple Stocks Are Not Always Safe Haven Investments
- The Long Case for Abbott Laboratories
- AT&T Stays Ahead of the Curve in a Dynamic Industry
- Dollar Back? - Fast Money Recap (7/23/08)
- Full list of Long Ideas »
- Collateral Damage From the War on Shorts
- Is the Gold Uptrend Over?
- Response to Raymond James' Q3 Conference Call
- eBay is a Not Com - Cramer's Lightning Round (7/23/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Principal Financial Group Vulnerable to Commercial Real Estate Softening?
- Increases in Shorting, Only for Some
- Is a Ban on Short Financial ETFs on the Horizon?
- Is There a More Efficient Shorting Tactic?
- Short Oil as a Long Investment
- Full list of Short Ideas »
- eBay is a Not Com - Cramer's Lightning Round (7/23/08)
- Buy Costco, Get Sirius - Cramer's Stop Trading! (7/23/08)
- Soup Target; Cramer's Mad Money (7/22/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Copper Down Low - Cramer's Stop Trading! (7/22/08)
- Banks Hit Bottom – Cramer’s Mad Money (7/21/08)
- Ends In X - Cramer's Stop Trading! (7/21/08)
- Great American Companies – Cramer’s Lightning Round (7/21/08)
- Market Rotation Bolsters Financials - Fast Money Recap (7/18/08)
- For Everything, Wind - Stop Trading! (7/17/08)
- Full list of Cramers Picks »
Most Popular Feeds
-
ETFs
-
US Market
-
Long Ideas
-
Alt. Energy
- Full list of feeds »
Hedge Fund Jobs
Job Seekers:
- Search jobs by category
- Get job alerts by email or live feed
- Apply online
Employers
- See all recruitment options
- Get applications online or by email


