Veritas Buys Ejasent for $59 Million
Veritas says acquisition will help propel its utility computing push.Targeting improved application virtualization capabilities, Veritas Software Corp. on Wednesday announced it had reached agreement to purchase Ejasent Inc. as part of a $59 million all-cash transaction. The sale is set to be completed by the end of the month. Veritas said it plans to beef up its utility computing cache by adding Ejasents UpScale application virtualization technology into Veritas High Availability Clustering Group, while also integrating Ejasents MicroMeasure usage-based metering software into the storage titans CommandCentral Service product to enhance service-level reporting, said Troy Toman, senior director of product management for Mountain View, Calif.-based Veritas. Since announcing its intentions over a year ago to pursue enablement of a utility computing model for customers, Veritas has proven to be quite aggressive in a bullish market. In that time the storage software maker has acquired Precise Software Solutions and Jareeva Technologies for a combined $599 million.
"Starting with Jareeva and Precise just over a year ago, and now with Ejasent, we feel this is building integrated components toward our broad software platform and gives us a comprehensive set of technologies of doing applications in an on-demand or utility environment," Toman said. "The ability to manage lower levels of infrastructure, where we can repurpose and reprovision storage systems through a hardware independent layer allows (users) to adapt and grow and migrate into a utility environment in a step-wise fashion."