Symantec negotiating OEM for data storage systems

- Tuesday, December 6, 2011

Symantec negotiating OEM for data storage systems

US security firm Symantec is negotiating an OEM agreement with local partners in Brazil to conquer the storage market, Symantec's president in Brazil, Wagner Tadeu, was quoted as saying by news source Convergência Digital.

"If we want a place in the world of storage, we have to manufacture here to be competitive. We will do this in the coming year," Tadeu said.

The initiative is part of the parent company's three-pronged focus on government, health and Brazil, which represents 55% of business in Latin America.

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Symantec posted 43% growth last year in Brazil, and that figure reached 39% in the first half of this year. The company expects to close 2011 with 50% growth, 75% of which will come from the corporate sector and 25% from the consumer market.

For next year, the company's plans include potential acquisitions in Latin America to reinforce its security portfolio, and leveraging its cloud-based solutions to offer an online backup model in Brazil, for which Symantec has already started negotiations with data centers.