Security Software Giant McAfee Rejects Rival Symantec Corporation Claim About Market Share

Posted on Jan 27 2012 - 8:59am by Editorial Staff

Security Software giant McAfee rejected rival Symantec Corporation claim that several large corporate customers had recently switched over to using products. Intel bought McAfee in a $7.7 billion deal in order to spur growth at the world’s top chipmaker.

McAfee Senior Vice President for Finance and Accounting Edward Hayden told Reuters that the claim was false. He added that his company had booked a record amount of business in its December quarter, signed its biggest deal ever and closed more sales over $1 million than it had in any single period. “We are not aware of any major account that we lost to Symantec during the quarter,” he further added.

James Beer, Symantec’s CFO said that several large McAfee customers had switched to Symantec during the quarter, but declined to identify them. Adding also that, “his company was taking share in the anti-virus software market away from McAfee, which was purchased by chipmaker Intel in February.

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