Confirmed late Thursday, US software manufacturer Symantec Corporation (NASDAQ: SYMC), the maker of the popular Norton Antivirus software, will be splitting the company into two publicly traded companies with specific focuses.

Symantec announced that one firm would be focused on security while the other will be focused on information storage and management. Symantec had explored the possibility of spinoffs in the past, but had shelved the idea until now. The news of Symantec’s spinoffs came in lieu of other struggling technology companies, such as eBay Inc. (NASDAQ: EBAY) and Hewlett-Packard (NYSE: HPQ), spinning off their business divisions.

The division of struggling technology firms’ core businesses seems to be a common trend and should prove to be a very economically efficient model. The splitting of the businesses would allow the new entities to become more focused on specific tasks leading to heightened efficiency and increased profitability hence making the company more appealing to investors and possible takeover offers.

Currently, Symantec’s storage business accounts for 38% of Symantec’s revenues with an operating margin of 23%, but the company that is on most analysts’ radars is Symantec’s cyber security business. This division has really struggled as competition heats up with a new generation of cyber security firms such as FireEye (NASDAQ: FEYE) and Palo Alto Networks (NYSE: PANW), entering the market.

According to analysts, Symantec is not as innovative as the other cyber security firms currently in existence. The newer firms are able to offer a new generation of products to businesses who are more worried than ever about the threats of cyber-attacks. Analysts also believe that Symantec’s security’s business model is not monetized as well as their competitors.

As of now, Symantec has not decided on how to distribute the new shares among the two new companies. The spinoffs are expected to be finalized by December 2015.