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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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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Symantec is close to sealing a deal worth about $13bn to acquire Veritas in one of the largest ever mergers between two software companies.
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Updated from 12:51 pm ESTWithin hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq) and software storage vendor Veritas (VRTS:Nasdaq) would merge, skeptical investors shaved about a billion dollars off the value of the all-stock deal.
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Merger mania found its way back into the software space today, asvsecurity firm Symantec said it would pay US$13.5 billion to acquire Veritas Software.
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Veritas Software is to acquire email archiving firm KVault Software (KVS) to bolster its utility computing abilities. The traditional storage management giant will pay $225m for KVS, which will be operate
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InfoWorld - Two years after itsÂ acquisition of enterprise software vendor Veritas, Symantec's consumer division remains the company's fastest-growing product line.
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With aftershocks still fresh from the Oracle-PeopleSoft deal, another buyout has rocked the enterprise market - Symantec&#39;s multi-billion dollar buyout of Veritas.
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Computer security giant Symantec Corp. has agreed to buy the storage and backup program maker Veritas Software Corp. for about $13.5 billion in stock in a deal that would create a massive software company that provides a wide range of programs to secure and protect networks and computers.
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Storage and backup application vendor Veritas Software Corp. said today that it is acquiring e-mail archiving vendor KVault Software Ltd. in a deal expected to wrap up next month.
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Security software company SymantecÂ is negotiating to buy storage software vendor Veritas SoftwareÂ for more than $13 billion, according to a report published Tuesday by The New York Times.
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Veritas Capital, a private equity firm based in New York, agreed to buy Computer Sciences Corp.&#39;s DynCorp International LLC unit for $850 million.
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Veritas Software Corp. , the leading storage software provider, said on Tuesday it agreed to acquire email backup company KVault Software Ltd.
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Norton Antivirus software maker Symantec merges with Veritas Software in a $13bn deal.
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Norton Antivirus software maker Symantec merges with Veritas Software in an all-shares deal valued at more than $13bn.
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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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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.