News: Symantec outlines plans for Veritas
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Symantec has hired PricewaterhouseCoopers to help it integrate recently-acquired Veritas.
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Symantec Corp. will kick off its annual Symantec Vision conference next week with the first public release of its next-generation corporate antivirus software, called Symantec Endpoint Protection 11.0.
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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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Security software vendor Symantec (Nasdaq: SYMC) is negotiating to buy Veritas Software (Nasdaq: VRTS), a provider of data storage software, for more than US&#36;13 billion, according to press reports.
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NEW YORK/SAN FRANCISCO  - Symantec Corp. SYMC.O,  the top global security software maker, on Thursday said it  will buy Veritas Software Corp. VRTS.O for $13.5 billion,  expanding into the data storage and recovery business.
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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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Computer security giant Symantec Corp. is buying storage and backup program maker Veritas Software Corp. in a $13.5 billion deal that will create the world&#39;s fourth largest software company.
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Symantec&#39;s takeover of Veritas could transform the firm into a &quot;disruptive influence&quot; in the software market, but risks failure if it does not manage to integrate product lines.
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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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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.
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Symantec&#39;s planned acquisition of Veritas Software is already changing the security game, even though the deal remained unconfirmed by either party as of late Wednesday afternoon.
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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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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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NEW YORK/SAN FRANCISCO  - Symantec Corp. SYMC.O,  a maker of security software, on Thursday said it would buy  storage software maker Veritas Software Corp. VRTS.O for  $13.5 billion, creating the world's fourth-largest software  company.
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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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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. Wednesday released a beta of its new enterprise security product, formerly code-named Hamlet, that melds technology from several of the company's acquisitions over the last few years. The product, Symantec Endpoint Protection 11.0, replaces the previous enterprise version, Symantec AntiVirus. It's a public beta, and the final version will be released around September. Symantec has decided not to charge more for the new product. "We believe the level of protection you should get for your money should be higher," said Mathew Lodge, director of product marketing for Europe, the Middle East and Africa. The EndPoint Protection suite is the culmination of a Symantec buying spree that included acquisitions of Sygate, Whole Security and Veritas. "We've spent a lot of money buying other companies," Lodge said. "We've integrated that technology into the new release." Endpoint Protection includes technology that looks at how applications behave, a way to detect if a program is doing something suspicious. For example, some malicious software programs try to download other programs from the Internet, which often is a bad sign. The suite includes other security features such as antivirus and antispyware capabilities, a firewall and host and network-based intrusion prevention technology. Another new feature is application control, which allows administrators to control what programs users can run on their machines. Also new is Symantec Network Access Control 11.0, an optional module that can be incorporated into Endpoint Protection. The feature determines whether or not to allow a mobile device to connect to the network depending on if it is a security risk, such as if the device doesnât have up-to-date patches. The module accommodates both Cisco's and Microsoft's protocols for network access control, Lodge said. It can also simply authenticate and check devices when they connect to a network and make a DHCP (Dynamic Host Configuration Protocol) request, Lodge said. Symantec also announced a new program called Storage United, which is designed to help companies better organize their data storage even if they are using different OSes and storage hardware platforms. The program revolves around three themes: next-generation data protection, storage management and information management, said Kevin Bailey, senior product marketing manager. Prominent in the strategy will be use of NetBackup, a storage platform that came from Symantec's acquisition of Veritas, Bailey said. REFERENCES: Symantec slips, but closes in on AV product delivery, May 2, 2007Symantec mobile security client delayed, May 30, 2007