Symantec to Buy Veritas for $13.5 Billion
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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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SYMANTEC&#39;S reported interest in acquiring Veritas Software for more than $US13 billion ($17 billion) would represent the computer security giant&#39;s biggest step yet beyond its core businesses.
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Symantec Corp. will buy Veritas Software Corp. in an all-stock transaction, the companies announced Thursday. Based on Wednesday&#39;s closing stock prices, the deal values Veritas at around US$13.5 billion, they said.
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Security software company Symantec is negotiating to buy storage software vendor Veritas Software for more than $13 billion, according to a report published Tuesday by The New York Times.
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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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Anti-virus specialist Symantec (Quote, Chart) late Thursday announced a deal to acquire privately held security consulting firm @Stake.
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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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The New York Times reports Symantec is seeking to buy storage software maker Veritas.
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MOUNTAIN VIEW, Calif. --(Business Wire)-- Aug. 31, 2004 -- VERITAS Software Corporation (Nasdaq:VRTS) today announced it has entered into a definitive agreement to acquire KVault Software Limited (KVS), the
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A week after the mega-deal between security and management software merger between Symantec Corp. and Veritas Software Corp., EMC Corp.
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Underlining the importance of message archiving software, Veritas Software Corp. has announced plans for a $224 million cash acquisition of KVS Software Ltd.
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Security company Symantec's acquisition of Veritas SoftwareÂ has the potential to benefit customers and shareholders of both companies, but details of the $13.5 billion deal leave some important questions unanswered, according to interviews with executives and industry experts.
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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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The $13.5 billion merger of Symantec and Veritas Software, officially unveiled Thursday, stands to create the world&#39;s fourth-largest software company.
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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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Private equity firm Veritas said on Sunday it agreed to acquired DynCorp International LLC, which provides aviation maintenance, personal security and training for law enforcement agencies and the US government, for $850 million.
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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.