Feeds

Symantec sells off Veritas' hopes and dreams

Precise set free for a fee

Top 5 reasons to deploy VMware with Tegile

Five years and thousands of broken dreams ago, Veritas ate application performance management software maker Precise for $609m. And now Symantec is offloading the pricey baggage.

Symantec last week admitted to its embarrassment by announcing an agreement to sell the Precise i3 software assets to Vector Capital, a private equity firm. Once the deal closes, the assets and associated people will come back to life as Precise Software Solutions and presumably go in search of yet another buyer.

"Vector Capital has a proven track record for building strong technology businesses out of divisions it purchases and will provide Symantec’s APM customers with a more dedicated focus and investment," said Greg Butterfield, interim group president of server and storage management at Symantec. "Selling the APM business will allow the Storage and Server management team to focus on securing and managing information."

The Precise purchase sparked a flurry of acquisitions for Veritas as the company tried to move beyond backup, file system and volume management software. Veritas hoped to claim a central role in systems management, touching servers and storage boxes in as many ways as possible.

The Symantec acquisition muddied that vision big time. Rather than expanding, Veritas still occupies a very familiar place in the software food chain.

Left to its own devices, Veritas may have, for example, led the charge around virtualization management software.

No such luck.

We happen to miss the old, feisty Veritas so full of desire and ambitions. And we're not alone. ®

Beginner's guide to SSL certificates

More from The Register

next story
It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future
Or why the reversal of globalisation ain't gonna 'appen
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Microsoft and Dell’s cloud in a box: Instant Azure for the data centre
A less painful way to run Microsoft’s private cloud
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
CAGE MATCH: Microsoft, Dell open co-located bit barns in Oz
Whole new species of XaaS spawning in the antipodes
AWS pulls desktop-as-a-service from the PC
Support for PCoIP protocol means zero clients can run cloudy desktops
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware 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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.