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Symantec Launches Extended Terms Financing Program to Help Partners Thrive

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CUPERTINO, CA--(Marketwire - August 18, 2009) - Symantec Corp. (NASDAQ: SYMC) today announced
the Symantec Extended Terms Financing Program, offering qualified Symantec
Registered and Silver Partners free 60-day extended payment terms for
select Symantec products provided by GE Capital, Commercial Distribution
Finance. The program provides eligible Symantec partners with increased
cash flow and payment flexibility by allowing them to defer payment on
selected Symantec products. As a complement to the business training built
into the Symantec
Survive and Thrive Business Management Series
, the financing program is
designed to promote confidence that Symantec partners can grow in today's
challenging economic climate and position them for success in the future.

Symantec Extended Terms Program

Symantec and GE Capital have teamed to provide a value-driven financing
program to Symantec registered and silver partners who source Symantec
products through North American distributors Tech Data, Ingram Micro,
Synnex and Douglas Stewart. The program is available now through Jan. 30,
2010.

To be eligible for the program, registered and silver-level Symantec
partners must have successfully achieved Symantec SMB Specialization status. Symantec's SMB
Specialization Program recognizes proven partner expertise in providing
solutions to small and mid-sized businesses (SMB) and provides assistance
to grow business and drive revenues.

Survive and Thrive

The Survive and Thrive Business Management Series is an education program
which provides Symantec partners with practical guidance on critical
business challenges. The program was designed to help partners manage
anticipated growth as the economy changes and identify new business
opportunities in the near future. Included in the Survive and Thrive
Series are five webcasts and 12 learning modules intended to help partners:

-- Maximize cash flow
-- Source and invest capital more efficiently
-- Identify new business opportunities
-- Assess economics of client acquisitions and retention

The 24 week seminar series includes live webcast sessions and on-demand
content and is available to all Symantec partners at no cost.

Supporting Quotes

"Symantec is committed to offering our partners superior value, market
differentiation and sustainable revenue opportunities through innovative
services. We are focused on rewarding the investments our partners make in
Symantec. The Symantec Extended Terms Program and Survive and Thrive
Series will enable our partners to speed up profitability today and expand
as the economy strengthens."

-- Randy Cochran, vice president, North America Channel Sales, Symantec

"We are always focused on growing our business and increasing revenue and
in today's economic climate, the combination of cash flow and sound
business decisions are critical to our success. The Symantec Extended Terms
Financing and Survive and Thrive Series will enable Kortek Solutions to
reduce operating costs and source and invest capital more efficiently while
growing business."

-- Lyle Epstein, president, Kortek Solutions

"Investing in technology that addresses our customers' most pressing
business needs is vital to growing our business. The Symantec Extended
Terms Program will enable us to utilize payment flexibility to maximize
cash flow and drive revenues promoting long term growth."

-- Darren Stokes, director of Sales & Services, PC Corp.

"We are pleased to be working with Symantec to offer these extended terms
and finance programs for their resellers. Symantec's programs will offer
increased purchasing power and extended repayment terms, enabling partners
to grow their business while minding their budget and freeing up capital."

-- Tom Grathwohl, managing director, GE Capital, Commercial Distribution
Finance.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance is a leading financing provider
to manufacturers and their distributors. Programs include inventory and
accounts receivable financing, asset-based lending, private label
financing, collateral management, e-commerce services and related financial
products. Additional information can be found online at www.ge.com/cdf.

GE Capital offers consumers and businesses around the globe an array of
financial products and services. GE is Imagination at Work -- a diversified
technology, media and financial services company focused on solving some of
the world's toughest problems. For more information, visit the company's
Web site at www.ge.com.

About Symantec

Symantec is a global leader in providing security, storage and systems
management solutions to help consumers and organizations secure and manage
their information-driven world. Our software and services protect against
more risks at more points, more completely and efficiently, enabling
confidence wherever information is used or stored. More information is
available at www.symantec.com.

NOTE TO EDITORS: If you would like additional information on Symantec
Corporation and its products, please visit the Symantec News Room at
http://www.symantec.com/news. All prices noted are in U.S. dollars and are
valid only in the United States.

Symantec and the Symantec Logo are trademarks or registered trademarks of
Symantec Corporation or its affiliates in the U.S. and other countries.
Other names may be trademarks of their respective owners.

Forward-looking Statements

Any forward-looking indication of plans for products is preliminary and all
future release dates are tentative and are subject to change. Any future
release of the product or planned modifications to product capability,
functionality or feature are subject to ongoing evaluation by Symantec, and
may or may not be implemented and should not be considered firm commitments
by Symantec and should not be relied upon in making purchasing decisions.

 

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