Symantec, Veritas Reportedly In Talks
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Oracle&#39;s (nasdaq: ORCL - news - people ) $10.3 billion blockbuster acquisition of PeopleSoft (nasdaq: PSFT - news - people ) is already yesterday&#39;s news.
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Computer security giant Symantec said Thursday it will buy storage program maker Veritas Software for US$13.5 billion in one of the world&#39;s largest software company mergers.
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SAN FRANCISCO - In a bid to expand its services business, Symantec Corp. next week plans to start selling security intelligence data as an add-on to its Managed Security Services.ADVERTISEMENTSBC Datacomm White PaperFind out how Crate & Barrel expects to save $180,000 by moving to VoIP, compared to a traditional PBX.
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Symantec Corp. (SYMC), the top global security software maker, on Thursday said it will buy Veritas Software Corp. (VRTS) for $13.5 billion, expanding
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When solution providers look back on Symantec&#39;s acquisition of Veritas Software, they will likely remember it as the moment security and storage officially became joined at the hip.
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The Symantec Corp, a leader in security software and one of Silicon Valley&#39;s oldest companies, announced early Thursday that it would acquire Veritas Software, a maker of data storage programs, to create the world&#39;s fourth-largest software company.
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Computer security giant Symantec has agreed to buy storage and backup program maker Veritas Software to create the world's fourth largest software company. The all-stock acquisition was initially valued at &#36;13.5 billion, but the price quickly plummeted after investors weighed in on the merger.
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Updated from 12:51 pm ESTWithin hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq) and software storage vendor Veritas (VRTS:Nasdaq) would merge, skeptical investors shaved about a billion dollars off the value of the all-stock deal.
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The sudden avalanche of technology deals is gathering momentum. Symantec&#39;s talks with software group Veritas come hot of the heels of IBM&#39;s sale of its PC business to Lenovo and Oracle&#39;s acquisition of PeopleSoft.
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Symantec, McAfee hope raising virus-definition fees will move users to suites.
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than &#36;13 billion would represent the computer security giant's biggest step yet beyond its core businesses of defending against viruses and thwarting hackers. Investors weren't impressed, though, and Symantec's shares plunged 16 percent.
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DECEMBER 16, 2004 (IDG NEWS SERVICE) - Security company Symantec Corp.&#39;s acquisition of Veritas Software Corp. could benefit customers and shareholders of both companies, but details of the $13.5 billion deal
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Symantec and Veritas Software are trying to persuade investors that their proposed $13.5 billion deal, the largest in the software industry, makes sense.
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Symantec Corp., the top global security software maker, on Thursday said it will buy data management software company Veritas Software Corp.
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COMPUTER security giant Symantec has agreed to acquire storage and backup program specialist Veritas Software in an equity deal valued at around $13.5 billion ($17.8 billion).
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Anti-virus protection is so last century Symantec's integration with Veritas in the UK has run into computer problems, leaving many Symantec customers unable to renew their corporate anti-virus licenses and large numbers of computers unprotected.â¦