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Articles about Veritas

cloud

Softcat raids Insight reserve, makes off with Baker's scalp

Former Insight EMEA director of product management James Baker is en route to Softcat as the man charged with firing up its cloudy biz. He resigned from Insight last month after being tapped up by his new employer, and is set to manage the "key" vendor portfolio as alliances director when his gardening leave expires in April. …
Paul Kunert, 10 Feb 2014

Symantec gives three-year-old Storage Foundation a taste of flashy cache

Symantec has updated its long-lived Storage Foundation software to make use of a server’s SSDs and speed up app and data access times by up to 400 per cent. Storage Foundation, once the Veritas Foundation Suite, provides online storage management and includes a file system, deduplication, compression, thin provisioning, and …
Chris Mellor, 13 Dec 2013
Symantec

Symantec sells off Veritas' hopes and dreams

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 …
Ashlee Vance, 21 Jan 2008
management consumerisation

Vohkus hauls in former Kelway officer as COO

Kelway's former chief bean counter Craig Compton has bagged a seat on the board and keys to the COO's office at south coast-based reseller Vohkus. Compton left Kelway in the summer of 2011 after three and a half year stint during which the company hoovered up targets including Panacea, Repton and ISC Networks. The abacus …
Paul Kunert, 07 Oct 2013
cloud

Symantec rejigs Veritas line-up

Symantec has done some wholesale rebundling and rebranding of the Veritas product portfoilio it acquired last year. Symantec Data Centre Foundation pulls together Veritas Storage Foundation, Veritas Server Foundation and, crucially, Veritas' NetBackup. The flagship recovery software hasn't been part of an all-in package like …
Ejection_seat

Donahue grabs Atlantis double crown: Takes CEO and pres titles

Atlantis Computing, the ILIO VDI and USX VMware acceleration software company, has replaced its CEO. Jason Donahue will be taking over from Bernard Harguindeguy. Donahue becomes CEO and president and joins the board. Chetan Venkatesh, the chief technology officer and founder of Atlantis, said: “Jason Donahue is someone who …
Chris Mellor, 16 Jul 2014

Veritas lowers Q2 forecast. Investors lower Veritas

Weak sales in the US have forced Veritas to lower its second quarter earnings forecast today - a move poorly received on Wall Street, where investors pummeled Veritas shares. Veritas is now looking for second quarter revenue to come in between $475m and $485m. This is a serious drop from the $490m -$505m range provided by …
Ashlee Vance, 06 Jul 2004
channel

Veritas digs out $30m to bury dotcom ghosts

Veritas today put to bed an interminable accounting scandal dating back to the dotcom bubble, and the reign of its disgraced CFO Kenneth Lonchar. The SEC said Veritas will dish out $30m to investors who were fiddled by the firm's shady numbers in the first half of the decade. In May 2005 Veritas said it was ready to cough the …
channel

Has Symantec sprinkled Veritas developers with pink slips?

The fate of hundreds of Veritas developers hung in the balance this week as parent Symantec was rumoured to have killed off its S4 object storage development effort. Last week ESG's Steve Duplessie blogged that up to 600 Veritas developers and engineers of Veritas Volume Manager (VxVM), file system (VxFS) and Cluster Server (VCS …
Chris Mellor, 26 Mar 2010
Veritas

SEC chases former Veritas execs over cursed AOL contract

The SEC is suing five former execs at Veritas over alleged securities fraud back in 2000. The agency alleges that the five “inflated and/or intentionally manipulated and distorted Veritas' reported financial results and misled Veritas' independent auditors” leading the firm to file false and misleading financial statements from …
Joe Fay, 03 Jul 2007
cloud

Former Veritas chief quits Symantec

Former Veritas chief exec Gary Bloom is to leave Symantec. Bloom, Symantec's vice chairman and president, will vacate both jobs before the end of March following an "orderly transition". In a statement, Bloom says he is taking a break after 25 years in the IT industry. Bloom's exit follows the recent departures of Symantec's …
John Leyden, 25 Jan 2006
The Register breaking news

Veritas man jumps Symantec ship

Symantec's president of its key security and data management business Jeremy Burton has quit the firm to become CEO of business process software firm Serena Software. Burton, a marketing specialist, joined Symantec as part of the senior management group assimilated in the Veritas acquisition. To many, the rationale behind that …
The Register breaking news

Symantec inherits $1bn tax bill from Veritas

Symantec's purchase of Veritas could end up being much pricier than first imagined if the US Internal Revenue Service (IRS) has anything to say about it. The IRS has slapped Symantec with a $900m tax bill to cover allegedly insufficient payments made by Veritas in 2000 and 2001. Symantec received word of the problem from the …
Ashlee Vance, 18 Apr 2006
arrow pointing up

Deficient Veritas delays year-end fiscal report

Veritas has delayed the filing of its year-end financial forms with a US regulator after discovering "controls over financial reporting" that were not up to snuff. Veritas hopes to hand in the 10-K filing for 2004 to the US Securities and Exchange Commission by April 11. It had previously looked to meet an already extended …
Ashlee Vance, 01 Apr 2005
fingers pointing at man

Veritas gets unusual services boost in Q1

A surge in services revenue carried Veritas to a strong first quarter. This will likely be the last period in which the storage software maker reports as a standalone company with Symantec waiting to close its buy of the firm. Veritas pulled in $559m in revenue during the quarter - a 15 per cent year-over-rise from $486m in …
Ashlee Vance, 03 May 2005

Veritas beats revised targets

Storage specialist Veritas Software turned in a profit of $86m for the second quarter ended 30 June 2004, up from $46m for the same period last year. Turnover was $485m, up from $408m last year. Earnings per share were 21 cents, beating analysts expectations of 19 cents. In early July, Veritas warned profits would disappoint …
John Oates, 28 Jul 2004
The Register breaking news

Services sling Veritas to steady Q4

Veritas today dealt a mixed bag to investors, reporting that its fourth quarter revenue increased, but that its net income fell 32 per cent. Veritas posted $574m in sales during the period. This compares to $502m posted in the same period one year earlier. The 14 per cent revenue gain was somewhat offset by a decline in net …
Ashlee Vance, 27 Jan 2005
DVD it in many colours

Veritas secures Invio for $35m

Veritas proved today that its acquisition spree is not done yet, snatching up Invio Software for $35m in cash. Invio's software is already part of Vertias' CommandCentral Service product, which lets administrators monitor hardware usage and related costs. The Invio kit adds extra tools to the Vertias product by letting users set …
Ashlee Vance, 14 Jul 2004
fingers pointing at man

IBM opens x86 Veritas cluster and storage shop

Veritas and IBM have firmed up their ties with a new reselling agreement that will see Big Blue ship some of Veritas' better known software products with its servers. In particular, IBM will resell the Veritas Cluster Server product and the Storage Foundation product - which includes Veritas' file system and volume manager. …
Ashlee Vance, 20 Jun 2005
The Register breaking news

Symantec outlines plans for Veritas

Symantec has hired PricewaterhouseCoopers to help it integrate soon-tobe-acquired Veritas. The firm has also hired Bain & Co. to deal with customer-facing issues surrounding the takeover. Spin doctors for the firm are claiming the deal will mean more opportunities for its channel partners rather than just removing competition, …
John Oates, 18 Jan 2005

Investors scamper from Veritas shares

Investors dumped shares of Veritas on Tuesday, reacting to a second restatement of financial results in as many years. Shares of Veritas were down 8 percent, at the time of this report, to $26.73. This follows a 6 percent drop on Monday after Veritas announced it would restate figures for 2001 and 2002 and delay filing of a …
Ashlee Vance, 16 Mar 2004
cable

Veritas buys KVS for $225m

Veritas has strengthened an already strong email backup software line by acquiring KVault Software Limited (KVS) to the tune of $225m. Veritas plans to complete the buy of KVS in September, if standard approvals go through. It will bring on KVS's 200 staffers and management and have the company operate as a separate unit within …
Ashlee Vance, 31 Aug 2004
fingers pointing at man

Veritas plans to hand SEC $30m to end accounting saga

Veritas expects US regulators to hit it with a $30m charge to settle up a long-term investigation into the company's accounting practices. Veritas has been upfront about the US Securities and Exchange Commission's look at its books. The software maker has admitted to a series of accounting mistakes and controversial practices …
Ashlee Vance, 09 May 2005
channel

Symantec blusters FileStore's new cluster thruster

Symantec has updated its FileStore N8300, adding more cluster nodes, primary data deduplication and virtual machine/desktop cloning. It says the machines perform better in virtualised environments, store data more efficiently, and cope better with growth. The Filestore N8300 is based on Huawei's OceanStor N8300 hardware. This …
Chris Mellor, 20 Oct 2011
cable

Shareholders approve Symantec and Veritas marriage

Symantec and Veritas shareholders today gave the go ahead for the merger of the two software companies. At a special meeting, Symantec revealed that 95 per cent of the votes cast were in favor of its purchase of Veritas - an all-stock deal originally tagged at $13.5bn. Veritas watched as 98 per cent of the votes cast by its …
Ashlee Vance, 24 Jun 2005
cable

Veritas opens China shop

Like many of the major IT players, Veritas has stepped up its presence in China courtesy of a separate corporate entity in the country and a new development center. Veritas has followed the 2003 creation of a Singapore-based trading company by opening up VERITAS Software (Beijing) Co., Ltd. (VSBC). This wholly foreign-owned …
Ashlee Vance, 17 Aug 2004
Coho DataStream 1000

Storage upstart Coho Data decloaks from stealth, slurps $25m

Ex-stealthy startup Coho Data, developer of a “flash-tuned scale-out storage architecture designed for the private cloud that delivers unparalleled performance at public cloud capacity pricing,” has collared $25m in B-round funding. The round was led by Ignition Partners with original investor Andreesen Horowitz contributing too …
Chris Mellor, 06 Nov 2013
SGI logo hardware close-up

Veritas fattens revenue in Q3

Software maker Veritas enjoyed a strong third quarter, riding license and services sales en route to record revenue. Veritas reported $451 million in revenue for the period ended Sept. 30. This marks a 23 percent increase over the $366 million posted in the same quarter a year ago. "Leveraging the revenue upside, we delivered …
Ashlee Vance, 23 Oct 2003
Barack Obama in the Oval Office

Obama's US website woes won't hurt us, says NoSQL Euro chief

MarkLogic's European business chief reckons fallout from US president Obama's online health insurance marketplace won't hinder public sector deals here - and it might even help. The website, HealthCare.gov, is a key part of the 2010 Affordable Healthcare Act, which aims to give millions of uninsured US citizens access to health …
Gavin Clarke, 05 Dec 2013
globalisation

Veritas preps secret weapon to ease licensing horror

The licensing "nightmare" faced by some Veritas customers may lessened in the near future thanks to a new service and product pairing, The Register can exclusively reveal. Earlier this week at the Veritas Vision conference, Veritas CEO Gary Bloom faced off against a user base furious over software licensing issues. One customer …
Ashlee Vance, 27 Apr 2005

Don't let the SAN go down on me: Is the storage array on its way OUT?

With EMC saying it plans to put VMAX into the "capacity tier"* and suggesting that performance cannot be met by the traditional SAN, are we finally beginning to look at the death of the storage array? The storage array as a shared monolithic device came about almost directly as the result of distributed computing; the necessity …
StorageBod, 16 Aug 2013
cable

Veritas acquires Storage Reporter

Veritas Software today bought NTP Software's Storage Reporter for an undisclosed sum. Storage Reporter is designed to give IT managers a detailed view of their enterprise storage usage and more control over storage management and its associated costs. The technology will be integrated within Veritas's storage resource …
John Leyden, 07 Nov 2002

Veritas embraces 64-bit Windows/Linux on Opteron

Veritas has modernized its storage and server software this week by moving large parts of its product lines behind AMD's 64-bit Opteron processor and Microsoft's latest software. Fans of both Veritas and the Opteron chip will be pleased to see 64-bit versions of the company's major products readied for both Windows and Linux. …
Ashlee Vance, 07 Jun 2005
Cat 5 cable

Veritas makes gains in Q1

Software maker Veritas saw its first quarter profits come in higher than expected but warned that sales could be harder to come by in the next three months. For the quarter ended March 31, Veritas generated $394 million in revenue and posted net income of $43 million. That compares with the $370 million and $44 million in net …
Ashlee Vance, 24 Apr 2003

Veritas posts solid Q1 results

Veritas shrugged off recent accounting problems to post solid first quarter results, profiting from an upswing in storage spending. Veritas reported $487m in revenue for the quarter ended 31 March. This marks a 24 per cent rise over the $394m posted one year ago. Net income for the first quarter hit $103m, which compares to $ …
Ashlee Vance, 22 Apr 2004
channel

Symantec fends off VMware for data centre throne

Symantec is fortifying its Storage and Availability Management software (SAMG) for the virtualised cloud world with the release of version 6. The company is pushing its multi-vendor credentials and aims to bolster its software's role in security, availability and storage management in data centres. However, it faces two …
Chris Mellor, 05 Oct 2011

Veritas puts finishing touches on i3

As promised, Veritas has prepped a new release of its i3 management software that will tie into existing applications and give customers sophisticated tools for checking on the performance of server and storage systems. Come November, Veritas will roll out Version 7.0 of the i3 package it acquired in its 2002 buy of Precise …
Ashlee Vance, 18 Oct 2004
The Register breaking news

Veritas CEO promises Symantec buy will be kind and gentle

Veritas CEO Gary Bloom assured nervous customers that the proposed merger between his company and Symantec will not result in massive layoffs or massive drops in support. "It is not about cuts," Bloom said, during a product launch for BackUp Exec 10 here in New York. "We have been very clear about that." Symantec has proposed …
Ashlee Vance, 18 Jan 2005
channel

Symantec / Veritas gussies up high-end apps for Linux

Veritas - er, Symantec rather - has upgraded its server and storage management products to put versions of the software meant for Linux on equal footing with Unix code. Version 4.1 of Storage Foundation, Storage Foundation for Oracle RAC, Storage Foundation Cluster File System, Storage Foundation for Databases, Volume …
Ashlee Vance, 11 Aug 2005
Broken CD with wrench

Veritas intros midmarket backup software

If Goldilocks sold storage software, she would sell Veritas NetBackup Server 5.0. The new product sits right in the middle of Veritas' back-up software line - with more features than Backup Exec and a lower price than its Enterprise edition product. The NetBackup Sever software is a rebranded and retooled revision of NetBackup …
Ashlee Vance, 12 Feb 2004

Symantec eyeing Veritas for $13bn - report

There could be another high profile software merger on the way with rumors circulating today that Symantec will buy Veritas Software for more than $13bn. Such a deal would create the ultimate data protection vendor. Symantec specializes in anti-virus and network security applications, while Veritas is a major player in the data …
Ashlee Vance, 14 Dec 2004

Sun and Veritas bury the hatchet

Server maker Sun Microsystems and clustered file systems maker Veritas Software have something of a love-hate relationship, but the two buried the hatchet this week. While Sun cannot afford to buy Veritas, attempting to license its technologies may be an idea worth looking into. Veritas and Sun are now working to port the …
Datamonitor, 10 May 2004
Broken CD with wrench

Veritas puts homemade touch on new OpForce

Veritas has retooled its OpForce management software to improve the way the code works with its existing products and to make it easier for administrators to control applications. Version 4.0 of OpForce is in some ways the most significant release of the product since Veritas acquired it in its buy of Jareva back in December of …
Ashlee Vance, 03 Nov 2004

Veritas to restate results after probe

Veritas will restate two years of financial statements after an investigation uncovered a variety of accounting practices not in line with generally accepted methods. The software maker plans to restate statements for fiscal 2001 and 2002 and will delay filing of its annual report for 2003. The new statements should have …
Ashlee Vance, 15 Mar 2004
Broken CD with wrench

Veritas expanding Linux utility offerings

Veritas has delivered the next steps in its Linux-based utility computing vision, expanding support for SuSE Linux with its Cluster Server, Foundation Suite and OpForce products. Cluster Server will also provide support for Vmware, underlining the continued importance of Vmware to Veritas despite the software's recent …
Datamonitor, 21 Jan 2004
The Register breaking news

Veritas cleans up financials

In SEC statements there is truth, eventually. Veritas yesterday made good on its promise to restate past financial statements, as a result of an investigation of its accounting practices. The company charged itself with incorrectly booking professional services revenue and expenses in some periods. The restatement is Veritas' …
Ashlee Vance, 15 Jun 2004
Broken CD with wrench

Veritas ‘overperforms’ in Q4

Veritas posted fourth quarter financial results that were simply too good, as the company warned it would be hard pressed to meet the results over the next three months. Veritas reported a record $513 million in revenue for the period ended December 31. This marks a 26 percent increase over the $406 million posted in the same …
Ashlee Vance, 29 Jan 2004
DVD it in many colours

SuSE sinks hooks into Veritas

SuSE Linux has burrowed its way into a key ISV account by partnering with Veritas. By the first quarter of 2004, Veritas plans to sell its file system, volume manager and cluster software products for SuSE Enterprise Server. This deal should put SuSE on relatively equal ground with Red Hat, which already works with Veritas. All …
Ashlee Vance, 27 Oct 2003

Veritas and NetApp snuggle up

Building on a promise made earlier this year, Veritas and Network Appliance have forged closer ties, linking their respective software and hardware products with ease of use in mind. The two companies have announced their first set of product bundles aimed at specific storage tasks such as data lifecycle management and back-ups …
Ashlee Vance, 04 Dec 2003

Symantec buys Veritas for $13.5bn stock

Security firm Symantec and storage software firm Veritas have agreed to merge. The all-stock transaction is valued at approximately $13.5bn, based on Symantec’s stock price of $27.38 at market close yesterday. The combined company (to be called Symantec) will be able to do a better job at reducing the complexity of securing and …
John Leyden, 16 Dec 2004