Symantec to Buy Veritas for $13.5 Billion
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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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Veritas Software Corp. VRTS.O  shares jumped 9 percent on Tuesday on a report that security  software company Symantec Corp. SYMC.O would acquire it for  $13 billion.
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The Symantec Corporation, a leader in security software and one of Silicon Valley&#39;s oldest companies, announced early Thursday that it would acquire Veritas Software
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The $830 million deal aims to bolster Symantec's end-point offerings for mobile devices, laptops, desktops and servers.
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Symantec Corp. (SYMC.O: Quote, Profile, Research) , the top global security software maker, on Thursday said it will buy Veritas Software Corp.
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Veritas Software Corp. (VRTS.O: Quote, Profile, Research) , the largest independent US storage software provider, said on Tuesday it will buy e-mail backup company KVault Software Ltd.
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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 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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Security software company SymantecÂ is negotiating to buy storage software vendor Veritas SoftwareÂ for more than $13 billion, according to a report published Tuesday by The New York Times.
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THE DEAL: Symantec Corp., best known for its Norton-branded software that fights computer viruses, is heading in a new direction with a $13.5 billion acquisition of data storage and backup specialist Veritas Software Corp.
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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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Underscoring the convergence of security and storage software technology, Symantec Corp. and Veritas Software Corp. confirmed rumors when they announced Thursday that Symantec had agreed to acquire Veritas
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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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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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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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Veritas Software is to acquire email archiving firm KVault Software (KVS) to bolster its utility computing abilities. The traditional storage management giant will pay $225m for KVS, which will be operate
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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.