Veritas Software to buy KVault e-mail archiver
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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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Computer security giant Symantec Corp. is buying storage and backup program specialist Veritas Software Corp. to create the world's fourth-largest software maker, marking the latest merger in an industry trend that's expected to compress the competition to a few juggernauts.
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Precise set free for a fee Five years and thousands of broken dreams ago, Veritas ate application performance management software maker Precise for $609m. And now Symantec is offloading the pricey baggage.â¦
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Ending days of speculation, security technology company Symantec Corp. said Thursday, Dec. 16, it will buy Veritas Software Corp., a provider of storage technology, for $13.5 billion in stock.
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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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(Source: Symantec) Veritas Storage Foundation and its Dynamic Storage Tiering (DST) facility delivers the unique ability to transparently automate file allocation and relocation onto different volumes within the same file system. Customized policies encompass flexible rules to provide a tiered storage solution across multiple volumes that aligns with individual business requirements. Read this analys report to learn more.
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Amidst claims that IT shops can now provision BEA WebLogic Servers in mere minutes instead of hours, Veritas today debuted version 4.0 of Opforce Enterprise Edition for Windows, Linux (Red Hat &amp; SUSE), Solaris and AIX.
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Veritas Software on Monday will announce a new version of its OpForce provisioning software designed to make it easier for administrators to install and manage applications, as well as operating systems, on servers.
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Symantec Corp., the world&#39;s largest maker of anti-virus programs for computers, agreed to buy Veritas Software Corp. for $13.5 billion in stock, the biggest software purchase in six years.
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Strengthining its utility computing software, Veritas Software on Monday released an upgrade to its server provisioning product called OpForce.
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(InfoWorld) - Veritas Software has agreed to pay $30 million to the U.S. Securities and Exchange Commission (SEC) to settle charges that it engaged in fraudulent accounting practices and aided Time Warner's America Online (AOL) in committing fraud. Veritas, whichÂ Symantec purchasedÂ on July 2, 2005, agreed to pay the fine "without admitting or denying the allegations," according to an SEC filing this week. The allegations were contained in a complaint with the U.S. District Court in the District of Columbia. A spokeswoman from a Symantec public relations agency confirmed the fine Friday and said the funds had already been set aside in reserve as part of Symantec's acquisition of Veritas. Symantec itself was not named in the SEC complaint, she noted. Company officials were not immediately available for further comment. The fine stems from an inquiry opened four years ago into a secret deal between Veritas and AOL. That deal involved the exchange of software licenses and advertising, and raised each company's revenue by $20 million. Both companies subsequently restated revenue numbers to erase the gains from the deal. Even as it settles its beef with the SEC, Symantec's Veritas is still embroiled in a battle with another government agency, the U.S. Internal Revenue Service (IRS). The IRS is seeking more than $757 million in back taxes the agency claims Veritas owes, as well as $303 million in penalties. Symantec is disputing the charges.
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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.
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This whitepaper will provide information on using Veritas&trade; Cluster Server to increase application availability in a cost-effective way. It will provide an overview of the history of clustering solutions in the open systems market and detail how Veritas clustering differs from other solutions in the control of larger, more cost-effective clusters.
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September 1, 2004 -- (WEB HOST INDUSTRY REVIEW) -- Storage software company Veritas  announced on Tuesday that it has entered into an agreement to acquire email backup company Kvault Software for $225 million in cash, according to a report by
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Looking for a cloud in Symantec&#39;s latest silver lining, competitors are hoping the company&#39;s acquisition of storage software maker Veritas will be a stumbling block for the security firm.
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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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Storage management offerings on tap from Microsoft Corp. and Veritas Software Corp. aim to extend data replication, archiving and indexing capabilities to accelerate backup and recovery operations.