Symantec, Veritas reach out to investors
546140
Security, storage firms go to stockholders to plead the case for their proposed $13.5 billion merger.
18917
Symantec is fishing for dollars with a new service designed to help companies combat the ongoing epidemic of online identity theft, or &quot;phishing,&quot; scams.
365634
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¦
334541
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.
345651
Veritas, now owned by Symantec, will pay $30 million to the SEC to settle accounting charges.
41543
(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.
323839
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.
374011
Symantec&#39;s acquisition of Veritas has the potential to benefit customers and shareholders of both companies, but details of the deal leave some important questions unanswered, according to executives and industry experts.
87294
Symantec Corp., the world&#39;s largest maker of anti-virus programs for computers, agreed to buy Veritas Software Corp. for $13.5 billion, the biggest software purchase in six years.
377249
Standard &amp; Poor&#39;s Ratings Services said on Thursday it may boost the ratings of Veritas Software Corp. after the firm announced a merger with Symantec Corp.
412267
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.
255731
Computer security giant Symantec Corp. is buying storage and backup program maker Veritas Software Corp. in a &#36;13.5 billion deal that will create the world's fourth largest software company.
404906
A week after the mega-deal between security and management software merger between Symantec Corp. and Veritas Software Corp., EMC Corp.
471298
Symantec Corp.&#39;s reported interest in acquiring Veritas Software Corp. for more than $13 billion would represent the computer security giant&#39;s biggest step yet beyond its core
728829
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.
678532
Symantec Corp. unveiled plans to develop a common set of services to serve as a foundation for its Veritas storage management software.
575873
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.