Symantec and Veritas to Merge
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Symantec (SYMC:Nasdaq - news - research) Thursday said it will acquire rival software company Veritas Software (VRTS:Nasdaq - news - research)in an all-stock deal.
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Symantec Corp. unveiled plans to develop a common set of services to serve as a foundation for its Veritas storage management software.
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Symantec, which produces the Norton line of computer products, is in talks to acquire Veritas Software, a maker of data backup programs.
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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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InfoWorld - Symantec Corp. plans to integrate two of its compliance assessment products to make it easier for IT administrators to manage the software, a company executive said Thursday.
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Within hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq - news - research) and software storage vendor Veritas (VRTS:Nasdaq - news - research) would merge, skeptical investors shaved about a billion dollars off the value of the all
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than $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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Symantec Corp. plans to integrate two of its compliance assessment products to make it easier for IT administrators to manage the software, a company executive said Thursday.
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Not long after Oracle has bought Peoplesoft, it looks like another big corporate buy out is on the way. Symantec is negotiating to buy storage software vendor Veritas
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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¦
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Two years after its&#160;acquisition of enterprise software vendor Veritas, Symantec&#39;s consumer division remains the company&#39;s fastest-growing product line.Consumer business grew by about 10 percent year-over-year and represents about 30 percent of Symantec&#39;s overall business, the company said Wednesday, as it announced financial results for its second quarter of fiscal 2008, ended Sept. 28.Excluding an $87 million write-down of assets, revenue was $1.44 billion for the quarter, up 13 percent from the year-ago period. Quarterly earnings were $0.29 per share. Analysts had been expecting earnings of $0.26 per share on $1.39 billion in revenue, according to estimates compiled by Thomson Financial.Symantec&#39;s consumer business got a boost from the introduction of the much-anticipated Norton 360 software, released in late February.The company&#39;s Windows-based backup products, which include Backup Exec, also posted strong results the company said in a statement .On the enterprise side, the company&#39;s security and data management products, including the Veritas software, grew by 7 percent. These products now account for 30 percent of the company&#39;s revenue.Symantec&#39;s much smaller services business -- totaling 6 percent of revenue -- grew by 30 percent.
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(Source: MessageLabs)Administrators struggle with ever increasing complexity in the data center. Join Brian Babineau, Enterprise Strategy Group and Anne O'Neill, Symantec Corporation for an evaluation of these options and the discussion of Veritas Server Foundation from Symantec, a novel approach to Data Center Automation that embodies Symantec's vision for a solution to DCA that is both complete and simple. We invite you to register now for full access to this online broadcast.
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Global security software maker Symantec is to take over Veritas Software in a merger deal valued at $13.5bn (Â£7bn). The all-share deal will see Symantec swap 1.1242 shares of common stock for each Veritas share.
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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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Veritas Software Corp. (VRTS.O: Quote, Profile, Research) , the largest independent US storage software provider, will buy e-mail backup company KVault Software Ltd.
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NEW YORK Veritas Software, the largest independent US storage software provider, will buy the e-mail backup company KVault Software for $225 million in cash, Veritas said Tuesday.
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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.