Symantec's already virtually split, says letter to suppliers
Single back office expected to persist until end of 2015
Symantec's been preparing to split into two entities for about six months, according to a letter sent to the company's suppliers sighted by The Reg.
The missive comes from Symantec's procurement team and explains that suppliers won't see any change in the company's behavior “until we complete the separation, which we expect to occur by the end of calendar year 2015.” Which could mean that there's be one back office even once the company splits.
More intriguing is this section of the letter, as it suggests that some of the work needed to split the company has already taken place:
“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.
Of course they would say that: telegraphing a split to the market is not something to be done lightly.
The memo states it's “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. ®