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Amazon Is Said to Get $1 Billion in Deals With SAP, Symantec

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Amazon Web Services signed new deals with customers SAP SE and Symantec Corp. worth a combined $1 billion, Bloomberg reported • The SAP deal is for computing and storage services, tools for data management, AI, and IoT • The Symantec deal is an increase of more than seven times in its spending on AWS • Symantec will migrate its Managed Security Service, Network Protection, and Website Security Service products to AWS
SAP Symantec

SAP Symantec

SAP Symantec- Amazon Web Services, the cloud-computing division of Amazon.com Inc., signed new deals with customers SAP SE and Symantec Corp. worth a combined $1 billion, according to an internal memo, underscoring the company’s growing momentum in the market for internet-based computing power and storage.

The contracts are each worth $500 million over 5 years, the text of an Amazon email from September showed. Both transactions represented expansions of existing partnerships. Microsoft Corp., the No. 2 cloud-services provider, had also competed for the Symantec deal, according to the memo.

AWS declined to comment.

“SAP announced its multi-cloud strategy more than two years ago,” a spokesman for the Walldorf, Germany-based software company said in a statement, referring to SAP’s plan to maintain a presence on the world’s largest public clouds, such as AWS, Microsoft, Google, International Business Machines Corp. and Alibaba Group Holding Ltd.’s cloud. “We believe in the power of collaboration.” SAP declined to comment on the Amazon agreement outlined in the memo.

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Article Credit: DCK

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