Symantec Rumored To Be Negotiating with Veritas
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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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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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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.
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Shares of Veritas Software (VRTS) surged 9% Tuesday on reports that computer-security giant Symantec (SYMC) is in talks to buy the maker of data-storage and backup
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According to a report in the New York Times this morning, Symantec Corp. (Nasdaq: SYMC - message board) is on the verge of completing negotiations to purchase Veritas.
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Symantec, McAfee hope raising virus-definition fees will move users to suites.
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Symantec, a leader in security software, will acquire Veritas, a maker of data storage programs, to create the world's fourth-largest software company.
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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.
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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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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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LOS ANGELES (CBS.MW) -- Shares of several corporate software makers advanced Wednesday amid continued hopes of increased mergers following reports of an imminent deal between Symantec Corp.
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Symantec is making a play for a broader market with a new "information integrity" strategy, which users and analysts said meshes with their needs for corporate security. The question is whether the vendor can execute on its wider vision.
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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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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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Rumors of an Apple-TiVo deal may be overdone.
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Serious security vulnerabilities in Veritas NetBackup software could let cyberattackers get into corporate networks.
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Symantec has announced Veritas Backup Reporter 6.0, which will provide IT administrators with a single corporate view of backup and recovery operations, and Enterprise Vault 7.0 for backup and classification of e-mail and instant messaging traffic.