Feeds

VERITAS acquisition backs up SAN expertise

It's a backup thang

  • alert
  • submit to reddit

Build a business case: developing custom apps

VERITAS Software is to acquire storage software specialist TeleBackup Systems. Following the takeover, TeleBackup's remote backup and restore product called TSInfoPRO is to be integrated with VERITAS' NetBackup solution. According to the companies, this will extend NetBackup's centrally managed backup/restore capabilities, thus giving VERITAS an opening in the remote Windows PC market. Mark Leslie, president and CEO of VERITAS Software, said: "As more and more users are working from home and from the road, and storing mission-critical data on their laptops and PCs, [this acquisition] will enable us to improve our coverage of the expanding enterprise." Byron Osing, president and CEO of TeleBackup, commented: "With the momentum surrounding VERITAS as the premier end-to-end storage management software company, we feel strongly that TSInfoPRO will become the industry standard for network backup of remote laptops and PCs". Under the terms of the deal, TeleBackup, all its research and employees etc, will become part of VERITAS in exchange for approximately 1.7 million shares of VERITAS stock. The swap is still subject to shareholder approval, but is expected to go ahead and be completed by the end of 1998. Both boards of Directors have approved the takeover.®

Boost IT visibility and business value

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.