Channel Beat: Symantec Reorganizing Its Worldwide Channel Group

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Citrix will spin off its popular GoTo line of products, which includes the collaboration platform GoToMeeting. The announcement came this week after months of rumors.

With the split, Citrix will eliminate 1,000 positions, which accounts for about one-tenth of its workforce. The SaaS product line accounted for $600 million in sales over the past year, and will trade publicly as an independent company. Financial information around the spinoff will be revealed in a future filing with the U.S. Securities and Exchange Commission.

Symantec lost a top channel exec this week, its second departure from its channel team in less than a month.

The security vendor let go Tom LaRocca, president of global channel programs and sales. A source told CRN to expect many more departures as the company plans to reorganize its worldwide channel group. Symantec is only months away from the Jan 1. closing date of the sales of its Veritas business.

Dell and EMC have launched a new office with the sole mission of bringing the two companies together. The Value Creation and Integration Office will formalize the integration planning and coordinate teams following Dell's blockbuster acquisition of EMC.

Areas of focus will include go-to-market strategy, products, HR, finance, legal, and sales, among several others. The deal could close between May and October of next year, and integration should be complete within six to nine months afterward, according to Dell and EMC.

PUBLISHED NOV. 19, 2015