Symantec axes an SMB backup service as it evaluates cloud market

12/16/2013 | Washington Post (tiered subscription model), The

Symantec says it's discontinuing its Backup Exec.cloud service, primarily used by small and midsized businesses, as it conducts a strategic review of its cloud offerings. "We had to make some very tough decisions over the last 18 months," Symantec's Piero DePaoli says. "As we looked at the cloud-based backup business -- we had the product in market for some time -- we didn't see great uptick from our customer base on it."

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