Veritas software

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Veritas Technologies LLC
legal form Limited Liability Company
founding 1983, founded in 2015
Seat Mountain View , California , United States
management John Gannon
Number of employees 7,800 (2015)
sales 2.5 billion US dollars (2015)
Branch software
Website www.veritas.com

VERITAS Technologies LLC was founded in 1983 as Tolerant Systems as an international software company and was renamed VERITAS Software Corp. in 1989 . renamed. Corporate headquarters are in Mountain View , California .

Companies

With the acquisition of OpenVision Technologies in April 1997 and Seagate Software's network and storage management group in May 1999, VERITAS grew to become one of the top five software companies in the world. In September 2004, VERITAS acquired the archive specialist KVS Inc.

Veritas was listed on the S&P 500 and NASDAQ-100 and had sales of approximately $ 2.04 billion in fiscal 2004 with approximately 7,000 employees.

On December 16, 2004, Veritas and Symantec Software announced their merger with an estimated value of $ 13.5 billion, making it the largest in software industry history. On June 24, 2005, Veritas and Symantec shareholders approved the merger. On July 2, 2005, the merger of Symantec and Veritas was completed - the name Symantec remained as the sole company name (company). The products are still available on the market after the takeover by Symantec.

In October 2014, Symantec announced that it would spin off the Information Management division and go public separately in December 2015. In January 2015, it was announced that the spin-off would be called Veritas Technologies Corporation . In August 2015, however, Symantec announced that it would sell Veritas with effect from January 1, 2016 for $ 8 billion to investors led by the Carlyle Group . On January 29, 2016, Symantec announced that it had completed the sale of Veritas. The new owners ultimately paid $ 7.4 billion.

Products

Veritas specializes in storage management software . Veritas Software developed the first commercial journaling file system, the Veritas Journaling File System (VxFS). In 1997 the enterprise data backup product "NetBackup" was integrated into the portfolio as one of the products taken over by Veritas and then rounded off in 1999 with the acquisition of Seagate Software's Network and Storage Management Group in the SOHO area by "Backup Exec". In support of computer clusters is Veritas Cluster Server sold. With the "Veritas Volume Manager" (VxVM), Veritas was a quasi-monopoly in the field of volume management tools on SUN / Solaris systems . In 1996 Microsoft acquired certain rights to the Volume Manager from Veritas, integrated it into Windows Server , and from 2004 developed an offshoot for Windows Vista from it. At least around the turn of the century the then on Solaris and was HP-UX running Veritas Volume Manager , a model flexible and robust product, which only the Logical Volume Manager came close. In addition to the Logical Volume Manager , HP-UX 11i also includes the Veritas Volume Manager .

Individual evidence

  1. a b veritas.com
  2. ^ Symantec Announces New Strategy to Fuel Growth and Plans to Separate into Two Public Industry-Leading Technology Companies. Symantec, October 9, 2014, accessed February 17, 2016 .
  3. ^ Symantec Selects Veritas Technologies Corporation as the Name for its Independent Information Management Company. Symantec, January 28, 2015, accessed February 17, 2016 .
  4. ^ Symantec Announces Sale of Veritas to The Carlyle Group. Symantec, August 11, 2015, accessed February 17, 2016 .
  5. Symantec Completes Sale of Veritas, Now Singularly Focused on Cybersecurity. Symantec, January 29, 2016, accessed February 17, 2016 .
  6. Chris Mellor: Symantec's getting $ 1bn less for Veritas thanks to 'uncertainties'. In: The Register. January 20, 2016, accessed February 17, 2016 .
  7. Jürgen Kuri: Symantec is suing Microsoft. In: Heise online . May 19, 2006, accessed February 17, 2016 .
  8. ^ Austin Modine: Symantec drops Microsoft lawsuit. In: The Register. April 3, 2008, accessed February 17, 2016 .
  9. ^ David Teigland, Heinz Mauelshagen: Volume Managers in Linux. USENIX , June 2001, accessed February 17, 2016 .
  10. ^ Marty Poniatowski: HP-UX 11i Systems Administration Handbook and Toolkit . 2nd Edition. Pearson , 2003, ISBN 0-13-101883-3 , pp. 119 f . ( Excerpt online , Google Books ).