In a long-rumored move, security software maker Symantec said Thursday that it will buy storage specialist Veritas Software in a deal worth roughly $13.5 billion.
The combined company will form a powerhouse in security, systems and storage management software with about $5 billion a year in revenue.
The company will operate under the Symantec name, with John Thompson, Symantec’s chief executive, serving as chairman and CEO. Gary Bloom, Veritas’ chief executive, will become vice chairman and president.
“This transaction brings together two leaders in the industry,” Thompson said during a conference call with analysts on Thursday. “This is a friendly merger and a merger where the leaders share a common view of the industry.”
Oh… oh …. oh! Maybe this will improve Veritas customer support…? 😉
Source: ZDNet
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