IBM overtakes Trend Micro as No. 3 security software maker

BOSTON Wed Jun 11, 2014 3:00am IST

Related Topics

Stocks

   

BOSTON (Reuters) - IBM (IBM.N) overtook Japan's Trend Micro Inc (4704.T) 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.

Symantec Corp (SYMC.O) and Intel Corp's (INTC.O) McAfee retained their slots as the top two makers of security software in a market whose sales last year rose 4.9 percent to $19.9 billion, according to the annual survey by the Connecticut-based research firm.

IBM's revenue from security software climbed 19 percent 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. [ID:nL2N0GG1PA]

Meanwhile, Trend Micro's sales dropped 5.3 percent to $1.11 billion, according to the Gartner survey.

Symantec's revenue fell 0.3 percent 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 percent to $1.7 billion. EMC Corp (EMC.N), which owns RSA Security, saw revenue climb 5.9 percent to $760 million, putting it into the No. 5 slot in the market, according to Gartner's survey.

(Reporting by Jim Finkle; Editing by Richard Valdmanis and Eric Walsh)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Alibaba IPO

Reuters Showcase

Slow Rollout

Slow Rollout

Los Angeles iPad rollout for schools slowed by technical challenges - report.  Full Article 

CEO Watch

CEO Watch

When music stops for Oracle CEO dance, Catz may grab Ellison's chair - analysts.  Full Article 

New iPhones

New iPhones

Apple faithful line up for latest, larger iPhones  Full Article 

Cutting Jobs

Cutting Jobs

Microsoft lays off 2,100 as part of earlier job cut plan.  Full Article 

Protecting Internet

Protecting Internet

Russia eyes measures to fend off Western Internet threat - Kremlin  Full Article 

Deal Talk

Deal Talk

SAP agrees to buy expense software maker Concur for $7.3 bln  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage