Veritas Buys Email Backup Company KVault
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Veritas Software Corp. , the leading storage software provider, said on Tuesday it agreed to acquire email backup company KVault Software Ltd. for &#36;225 million in cash.
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By acquiring KVault, which makes e-mail-archiving software, it aims to erode EMC&#39;s lead and rebuild investors&#39; confidence.
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EMC Corp. and Veritas Software Corp. are building up their respective e-mail archiving offerings through development and acquisition to give customers more stringent control of enterprise content.
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SAN FRANCISCO Symantec, the computer security giant, reached final agreement Thursday to take over the storage and backup program maker Veritas Software, making Symantec the No.4 independent software company in the world.
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Computer security giant Symantec Corp. has agreed to buy the storage and backup program maker Veritas Software Corp. for about $13.5 billion in stock in a deal that would create a massive software company that provides a wide range of programs to secure and protect networks and computers.
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NEW YORK/SAN FRANCISCO  - Symantec Corp. SYMC.O,  the top global security software maker, on Thursday said it  will buy data management software company Veritas Software  Corp. VRTS.O for $13.5 billion, expanding into the data  storage and recovery business.
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Symantec Corp. said Thursday it has agreed to buy Veritas Software Corp. for $13.5 billion in the second major Silicon Valley software merger in four days.
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French oil and gas field surveyor Geophysique will buy U.S. rival Veritas for $3.1 billion in cash and stock, both companies announced Tuesday, establishing a major new global player in the booming oil exploration industry.
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NEW YORK, December 16  - Security software developer Symantec (SYMC.NAS) announced today its decision to acquire storage service provider Veritas Software in a $13.5 billion deal.
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Storage software giant Veritas is moving its customers deeper into email archiving through its agreement to acquire KVault Software (KVS).
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Oil and gas field surveyor Geophysique will buy U.S. rival Veritas for $3.1 billion in cash and stock, the companies announced Tuesday, establishing a major new global player in the booming oil exploration industry.
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Veritas gets KVS&#39;s Enterprise Vault, an app that archives business-critical data held within Microsoft Exchange, SharePoint, Office, and file systems.
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Merger mania found its way back into the software space today, asvsecurity firm Symantec said it would pay US$13.5 billion to acquire Veritas Software.
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Security software maker Symantec Corp. has agreed to buy Veritas Software Corp. for $13.5 billion, expanding into the backup and recovery software market, the companies said on Thursday.
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French oilfield services group  Compagnie Generale de Geophysique (CGG) and Texas-based Veritas  DGC Inc. said on Tuesday that CGG agreed to buy Veritas in a  cash and stock deal worth about $3.1 billion.
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In a long-rumored move, security software maker Symantec said Thursday that it will buy storage specialist Veritas Software in a deal worth roughly $13.5 billion.
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SAN FRANCISCO: Computer security giant Symantec is buying storage and backup program maker Veritas Software in a $13.5 billion deal that will create the world&#39;s fourth largest software company.