Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
eWEEK.com
Search
eWEEK.com
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Development
    • Development

    Veritas Buys Pair of Software Firms

    By
    EWEEK EDITORS
    -
    December 19, 2002
    Share
    Facebook
    Twitter
    Linkedin

      Veritas Software Corp. Thursday announced acquisitions of two software companies, for a combined $599 million, as it prepares for a late 2003 launch of a new suite designed to administer applications, servers and storage, all through one console.

      Veritas acquired Precise Software Solutions Ltd., of Westwood, Mass., and of Israel, for $537 million. Precise makes storage management software for Microsoft Corp.s Windows, plus management software for applications and databases on other platforms. Precise, like Veritas, is a key supplier of technology used in Windows itself.

      For another $62 million, Veritas also acquired Jareva Technologies Inc. Jareva, of Sunnyvale, Calif., is a management service provider that, like others in its niche, has transitioned from hosting Internet infrastructures to managing enterprises in-house networks. Its primary product line is OpForce 2.0.

      “Think of a matrix here were filling out for a CIO to manage all three aspects of his business,” said Mark Bregman, executive vice president of product operations, referring to applications, servers and storage, in an interview with eWEEK. “Weve got some digesting to do, and thats going to take some time, [but] I dont think there are any key technologies holes” left, he said, in Mountain View, Calif.

      As the products begin to get integrated in mid-2003, Veritas will have filled that matrix for availability, performance and automation, he said.

      The short-term goal Veritas is planning for is code-named Global Operations Manager, officials have said. Last month, Veritas also spent an undisclosed amount to acquire other storage management technology from NTP Software Inc.

      Veritas long-term goal is to diversify its revenue, most of which comes from backup software today, industry analysts noted. Todays deals add about 500 employees to Veritas current 5,600.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      CHRIS PREIMESBERGER - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      CHRIS PREIMESBERGER - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      EWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      ZEUS KERRAVALA - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      WAYNE RASH - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Info

      © 2020 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×