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:

Tech Roundup

Reuters Showcase

Killer Unmasked

Killer Unmasked

'Jihadi John' killer from Islamic State beheading videos unmasked as Londoner.  Read | Video 

DLF Penalty

DLF Penalty

DLF says reviewing $8.4 million SEBI penalty.  Full Article 

Fresh Charges

Fresh Charges

Canadian woman accuses Bikram yoga founder of sexual assault.  Full Article 

Maid Abuse Case

Maid Abuse Case

Hong Kong woman jailed for six years for abusing Indonesian maid.  Full Article 

India's Growth Story

India's Growth Story

S&P raises India's GDP forecasts, says it's a bright spot in Asia.  Full Article 

Net Rules

Net Rules

Tougher Internet rules to hit cable, telecoms companies.  Full Article 

World Cup 2015

World Cup 2015

Full coverage of cricket world cup in Australia and New Zealand.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

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