Symantec to buy Veritas for $13.5 billion

ShortyShorty Manchester, UK Icrontian
edited January 2005 in Science & Tech
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

Comments

  • lemonlimelemonlime Canada Member
    edited January 2005
    I'm glad I'm not the only one who hates dealing with Veritas :(
  • ShortyShorty Manchester, UK Icrontian
    edited January 2005
    They suck. Really. £50 for a support call. When their product stops working :mad:

    I tried Computer Associates. I was rung (hounded) by a sales guy. Tried the software and it seemed ok. Then rang their "support", which they claim is free and always on 24/7. Guy I spoke to didn't have a clue and just told me to ring back later :(

    Can anyone make a DECENT piece of backup software with decent support?!
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