Cybersecurity
Amazon Lands $1 Billion in Cloud Deals With SAP, Symantec
AWS signs up existing customers to new five-year contracts for computing power, storage.
This article is for subscribers only.
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.