Symantec Surges in Pre-Market After Successful Test (SYMC)

Symantec

shares are higher by more than 10% in pre-market trade this morning, after the company announced successful compatibility testing between Symantec Health, a cloud-based medical image archiving solution, and Siemens Healthcare's picture archiving and communication system (

) solutions. According to a company release, "Symantec Health helps lower storage costs by enabling healthcare providers to pay only for the storage capacity they use. Additionally, Symantec Health customers receive disaster recovery and business continuity capabilities through Symantec's geographically distributed, highly available data centers." "Siemens places a high value on rigorous testing of third-party applications that interact with our PACS," said Rik Primo, director of marketing and strategic relationships for SYNGO Americas at Siemens Healthcare. "Connectivity testing in our CCC lab with technologies like Symantec Health ensures that our customers can confidently use the two solutions without the need for onsite connectivity customization." "While the cost of raw storage is decreasing, providers have to factor in costs for personnel and data center space, software and maintenance agreements, backup and disaster recovery systems, and energy to power all of this. These contributing costs are often overlooked and are soaring," said Lori Wright, vice president and general manager for Symantec Health. "Healthcare providers on average can achieve a savings of 25 to 50 percent by hosting image archives with Symantec Health." Symantec shares are higher by $1.26 over yesterday's closing price, to $13.85.