Veritas buys KVS, plugs archive hole
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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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COMPUTER security giant Symantec has agreed to acquire storage and backup program specialist Veritas Software in an equity deal valued at around $13.5 billion ($17.8 billion).
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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&#39;s America Online (AOL) in committing fraud.
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Symantec, the leading maker of computer security software, will buy Veritas for about $13.5 billion, creating the world's fourth-largest software company.
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(InfoWorld) - Hitachi Data SystemsÂ (HDS) on Tuesday confirmed its intention to acquire online storage management software vendor Archivas to strengthen its content services business. On Monday, storage hardware vendorÂ HDS revealed plans to buy ArchivasÂ in a brief media advisory but the vendor held off providing more color on the move until Tuesday. Being able to store data securely for long periods of time and also have quick access to that content is becoming key to all sizes of companies as they have to comply with increasing amounts of regulation. Archivas particularly targets the needs of the finance, health care and oil and gas industries as well as governments. Archivas aims its software, Archivas Cluster (ArC) at companies that need to store, archive, protect and access digital content such as e-mail, images and audio files. The software isn't tied to a particular vendor's storage hardware and is designed to scale from a small repository to a huge archive containing hundreds of terabytes of data. By storing their data in ArC, users can apply protection and retention policies to the content as well as authenticate it with digital signatures. In June 2006, the two vendors entered into a worldwide OEM (original equipment manufacturer) relationship with HDS building its Content Archive Platform (CAP) combination of software and storage systems on technology from Archivas. At the time, HDS stressed the importance it placed around CAP as marking the vendor's entrance into the "active archive" market, a term referring to the ability to retrieve archived content. In the past, vendors tended to create archiving systems focused around storing data, not taking into account the need to access that information. Archivas provides the software component to power CAP's Hitachi Content Archiver, designed to control, authenticate, preserve and protect data stored in the system. HDS didn't provide financial details about the agreement. Founded in May 2003, privately held Archivas has its headquarters in Waltham, Massachusetts. Â
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Veritas Software Corp. (VRTS.O: Quote, Profile, Research) , the largest independent US storage software provider, will buy e-mail backup company KVault Software Ltd.
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THE DEAL: Symantec Corp., best known for its Norton-branded software that fights computer viruses, is heading in a new direction with a $13.5 billion acquisition of data storage and backup specialist Veritas Software Corp.
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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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Ziff Davis - Both EMC and Veritas are building up their respective e-mail archiving offerings through development and acquisition to give customers more stringent control of enterprise content.
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than $13 billion would represent the computer security giant's biggest step yet beyond its core businesses of defending against viruses and thwarting hackers. Investors weren't impressed, though, and Symantec's shares plunged 16 percent.
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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
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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 systems vendor Hitachi Data SystemsÂ (HDS) will acquire storage management company Archivas, it plans to announce Tuesday.
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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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Symantec (SYMC:Nasdaq - news - research) Thursday said it will acquire rival software company Veritas Software (VRTS:Nasdaq - news - research)in an all-stock deal.
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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. for &#36;225 million in cash.
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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 U.S. government,  for $850 million.