More questions than answers in Symantec, Veritas deal
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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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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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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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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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Serious security vulnerabilities in Veritas NetBackup software could let cyberattackers get into corporate networks.
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Symantec moved a step closer to joining the ranks of the leading broad-based corporate software sellers yesterday as it announced a $12.5bn all-stock agreement to buy storage and data back-up company Veritas.
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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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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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Security software maker Symantec Corp. has agreed to buy Veritas Software Corp. for &#36;13.5 billion, expanding into the backup and recovery software market, the companies said on Thursday.
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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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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.
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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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Symantec is suing a group of software vendors claiming they distributed several unauthorized versions of security and backup software, including Norton AntiVirus and Veritas Backup Exec.
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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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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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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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Computer security giant Symantec said Thursday it will buy storage program maker Veritas Software for US$13.5 billion in one of the world&#39;s largest software company mergers.