Symantec cleans up Veritas data center clutter
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Symantec Corp. unveiled plans to develop a common set of services to serve as a foundation for its Veritas storage management software.
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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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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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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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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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Symantec kicked off the start of its Vision user conference unveiling a host of enhancements to Veritas NetBackup.
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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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(InfoWorld) - Symantec Corp. Wednesday released a beta of its new enterprise security product, formerly code-named Hamlet, that melds technology from several of the company's acquisitions over the last few years. The product, Symantec Endpoint Protection 11.0, replaces the previous enterprise version, Symantec AntiVirus. It's a public beta, and the final version will be released around September. Symantec has decided not to charge more for the new product. "We believe the level of protection you should get for your money should be higher," said Mathew Lodge, director of product marketing for Europe, the Middle East and Africa. The EndPoint Protection suite is the culmination of a Symantec buying spree that included acquisitions of Sygate, Whole Security and Veritas. "We've spent a lot of money buying other companies," Lodge said. "We've integrated that technology into the new release." Endpoint Protection includes technology that looks at how applications behave, a way to detect if a program is doing something suspicious. For example, some malicious software programs try to download other programs from the Internet, which often is a bad sign. The suite includes other security features such as antivirus and antispyware capabilities, a firewall and host and network-based intrusion prevention technology. Another new feature is application control, which allows administrators to control what programs users can run on their machines. Also new is Symantec Network Access Control 11.0, an optional module that can be incorporated into Endpoint Protection. The feature determines whether or not to allow a mobile device to connect to the network depending on if it is a security risk, such as if the device doesnât have up-to-date patches. The module accommodates both Cisco's and Microsoft's protocols for network access control, Lodge said. It can also simply authenticate and check devices when they connect to a network and make a DHCP (Dynamic Host Configuration Protocol) request, Lodge said. Symantec also announced a new program called Storage United, which is designed to help companies better organize their data storage even if they are using different OSes and storage hardware platforms. The program revolves around three themes: next-generation data protection, storage management and information management, said Kevin Bailey, senior product marketing manager. Prominent in the strategy will be use of NetBackup, a storage platform that came from Symantec's acquisition of Veritas, Bailey said. REFERENCES: Symantec slips, but closes in on AV product delivery, May 2, 2007Symantec mobile security client delayed, May 30, 2007
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Panic button included Symantec had been winding this pitch for a while now, but the data security giant just lobbed a web-hosted storage and backup service of its very own into play.â¦
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Blog: New behavior-monitoring protection for the desktop is designed to compliment features in existing Symantec products.
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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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As promised, Veritas has prepped a new release of its i3 management software that will tie into existing applications and give customers sophisticated tools for checking on the performance of server and storage systems.
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SYMANTEC&#39;S reported interest in acquiring Veritas Software for more than $US13 billion ($17 billion) would represent the computer security giant&#39;s biggest step yet beyond its core businesses.
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Global security software maker Symantec is to take over Veritas Software in a merger deal valued at $13.5bn (Â£7bn). The all-share deal will see Symantec swap 1.1242 shares of common stock for each Veritas share.
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Veritas gets KVS&#39;s Enterprise Vault, an app that archives business-critical data held within Microsoft Exchange, SharePoint, Office, and file systems.
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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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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¦