Feeds

VERITAS acquisition backs up SAN expertise

It's a backup thang

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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.®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.