Tag: Blue Coat.

Symantec COO quits on “difficult day”

Symantec COO and president Michael Fey in what he called a “difficult day” on his social media account.

“Today is an exciting and difficult day. As I have chosen to embark on the next stage of my career”,  Fey wrote in a post on his LinkedIn page. “While this was a difficult decision to leave this awesome team, I am very excited about the future.”

As part of Fey’s separation agreement with Symantec signed Wednesday, he has agreed to forgo severance benefits, unvested equity awards, and cash bonus payments.

Symantec gets its blue coat on

51Tg15QMqQLSecurity outfit Symantec is nearly ready to roll out its unified partner programme which merges its own channel with that of Blue Coat.

For those who came in late, Symantec bought Blue Coat last year for $4.65 billion and is working out a way of merging the two channels.

Symantec is to launch a Secure One channel programme this Spring and it is pretty simple. There are two areas – core security and enterprise security and four tiers of registered, silver, gold and platinum.

The whole thing is being pitched as a chance for resellers to cross and up-sell.

Partners can boost their margins with opportunity registration on non-standard pricing deals, development funds for gold and platinum partners and the chance to get a performance rebate.

Symantec vice president for global partner sales Torjus Gylstorff said that partners will have the opportunity to cross-sell and up-sell, providing mutual customers with “leading solutions to solve the world’s biggest cyber security problems.”

Other key initiatives include transitioning Opportunity Registration to a front-end discount only, which ensures that the financials of doing business with Symantec will be more predictable.

The firm is going to share more details with partners as it gets closer to launch in April.

“With a $30 billion-dollar opportunity in cyber security, we will see massive growth potential in our industry this year. We’re excited about this new era for our company, our partnership and our program, and we look forward to defining the future of cyber security, together,” he said.