IBM overtakes Trend Micro as No. 3 security software maker
IBM’s revenue from security software climbed 19% to $1.14 billion last year, according to Gartner survey
Latest News »
- Trump administration travel ban said to start Thursday evening US time
- ‘Silicon Valley’ loses a star: Why supporting actors shine brighter on TV
- IndiGo expresses interest in Air India: Jayant Sinha
- Apps that’ll let you get food delivered, to your doorstep
- News in Numbers: Air India has Rs52,000 crore debt on its books
Boston: International Business Machines Corp. (IBM) overtook Japan’s Trend Micro Inc. to become the world’s No. 3 provider of security software last year, after acquiring cybersecurity firm Trusteer, according to market share data released on Tuesday by Gartner Inc.
Symantec Corp. and Intel Corp.’s McAfee Inc. 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 Corp. , which owns RSA Security Llc, saw revenue climb 5.9% to $760 million, putting it into the No. 5 slot in the market, according to Gartner’s survey. Reuters