Articles about Veritas

Planet of the Apes

Veritas is home. Symantec’s storage split-off adopts old name

Bisecting Symantec has decided after much deliberation the Veritas brand - the one it torched years ago - will be the monicker for the Information Management business when it splits from the mothership. Security biz Symantec paid $13.5bn for Veritas at the end of 2004, thinking that storage plus security would make a powerful …
Chris Mellor, 28 Jan 2015
Veritas_5330_NetBackup_Appliance

Storage biz gets down with da kidz, announces new update on Reddit

Comment A NetBackup update is coming from Veritas, according to a Reddit forum. Veritas hosted an AMA (ask me anything) discussion on 13 March which has been posted to Reddit. According to the postings, NetBackup 7.7 will feature more capabilities in these following areas: Cloud storage, with Google Cloud Storage Nearline mentioned …
Chris Mellor, 17 Mar 2015

Symantec: Corporate divorce starts on April Fool's Day

Symantec is to operate as two separate storage and security organisations from April Fool’s Day, as the deadly serious game of long-term survival begins in earnest. “We have begun to realign the sales and marketing organisations to support both businesses, starting with two new global sales leaders: Adrian Jones for Symantec and …
Paul Kunert, 05 Mar 2015

Symantec sources claim exec teams in place by April Fools' Day

Symantec execs will line up under the classic security or information management divisions from April Fools’ Day – no, seriously – amid talk that senior management may revive the Veritas storage brand. Weeks ago, El Chan revealed UK boss Simon Moor had upped sticks and left Huw Owen, head of EMEA, in temporary charge of local …
Paul Kunert, 26 Jan 2015
Crown Casino poker room

On-prem storage peeps. Come here. It's time for real talk. About Google

Comment Veritas, Symantec’s renamed and soon to be spun off storage biz, announced it’s supporting Google’s nearline cloud storage. Its Veritas NetBackup 7.7, now in beta with general availability planned for the summer, can back up data to Google Cloud Storage Nearline. Here’s Veritas supporting cloud disks as an archival target …
Chris Mellor, 13 Mar 2015

RSA boss packs his fishing rod and heads for the hills

Art Coviello is retiring from his exec chairman role at the top of RSA, EMC's security business, leaving behind an acquisition that never bought in big bucks for the T Rex of the storage world, and was blighted by NSA backdoor revelations in 2013. RSA is known in the security world for its SecurID tokens and the fact that its …
Chris Mellor, 04 Feb 2015
channel_teaser_exit

Boss splits as Symantec UK consciously uncouples

The expected jostling for senior positions at Symantec continues ahead of the divorce between the security and storage wings, with UK boss Simon Moor exiting the business. The conscious uncoupling scheduled to occur by the end of this year – which will effectively undo the 2004 acquisition of Veritas – will leave two independent …
Paul Kunert, 12 Jan 2015
Flag of Israel; credit James Emery

Intel forced to shoot down viral 'Israeli boycott' whopper

A mischief-making political activist kicked up a stir Thursday with a phony press release claiming Intel was halting operations in Israel – over the bloody war between the nation and the Gaza Palestinian region. The site, constructed to look like Intel's official newsroom page, claims the chip giant was suspending funding of its …
Shaun Nichols, 08 Aug 2014
Beached-Whale

Splitters! First HP's cut in two, now it's Symantec’s turn – report

Analysis Multiple reports say Symantec is thinking of splitting itself up into separate security and storage businesses. Symantec bought Veritas for a massive $13.5bn in 2004, promising synergies between its existing security business and Veritas’ backup and storage management software. The synergies didn’t appear and Symantec's storage …
Chris Mellor, 09 Oct 2014
Rubik_cubes

Rubrik back-up killer emerges into daylight with $10m in funding

Rubrik, the enterprise data management start-up, has come out of stealth with $10 million funding – including Silicon Valley elite cash contributions – and an intention to knock over Symantec, EMC, CommVault and Veeam in the back-up space. Angel investors include: John Thompson, ex-Symantec CEO and current Microsoft chairman; …
Chris Mellor, 24 Mar 2015

Google chips at Amazon's Glacier with Cloud Storage Nearline

Google wants to take a chunk out of Amazon's Glacier storage business with a cloud-based archive service that can start retrieving data in three seconds. The Google Cloud Storage Nearline service, now in beta, charges one cent per GB per month for data at rest. "Many of you operate a tiered data storage and archival process, in …
Iain Thomson, 11 Mar 2015

SPLITTERS! Symantec cleft in twain

The reports have been confirmed: Symantec CEO Michael Brown will split the unwieldy business into separate security and information management concerns, thus undoing the 2004 Veritas acquisition. Brown has moved quickly after his confirmation in the role to lift the cleaver. The San Andreas-style fault running through the heart …
Chris Mellor, 10 Oct 2014
Alarm clock

Atlantis Computing CEO stands down

+Comment After just four months as Atlantis Technology CEO and president, Jason Donahue has left, and has been replaced by founder and now ex-chief technology officer Chetan Venkatesh. The company's management page now has Venkatesh listed as chief. Atlantis has RAM-using server and VDI virtualisation software technology products called …
Chris Mellor, 12 Jan 2015

Symantec sees profits crash ahead of corporate divorce

Symantec’s latest financials bear all the hallmarks of a business whose dramatic bisection is causing some uncertainty for customers and channel partners. A cleaver will be driven through the security and storage business by the end of this year to create two separate publicly traded entities. The groundwork for this is well …
Paul Kunert, 06 Feb 2015

Lawsuit schmawsuit: Pure lures EMC UK boss James Petter

EMC veteran and UK boss James Petter is defecting to flash nemesis Pure Storage to take on a senior European role. Petter has been at EMC for a little over eleven years, and prior to that was a district manager at Cisco, covering the defence, SI and outsourcers sector. In a statement, Pure confirmed Petter will join as EMEA …
Paul Kunert, 20 Jan 2015

Are virtualisation and the cloud SNUFFING OUT traditional backup software?

Comment Five years ago, you might have said that Symantec, EMC and other mainstream suppliers dominated the enterprise backup market with their products – Backup Exec, Net Backup, Networker, TSM and others. But this is no longer the case. Server virtualisation and the cloud have ripped gaping holes in the market and newer and smaller …
Chris Mellor, 05 Feb 2015
Symantec CEO Michael Brown

Symantec's CEO search ends where it started, with Michael Brown

After a six-month search, Symantec has finally named its new permanent CEO – and it's none other than Michael Brown, the man the company's board named as interim CEO in March. Brown reportedly emerged as the front-runner during a review of more than 100 potential candidates, 30 of whom were "actively vetted" for the chief exec …
Neil McAllister, 25 Sep 2014
management social5

Pure Storage confirms EMEA veep Rose has left the building

It is a strange world when the EMEA* organisation of a business boasts about meteoric growth and then parts with the boss of that region – but this is exactly what Pure Storage has done. The flash storage business has waved bye-bye to industry vet Steven Rose, who less than a year ago joined as veep and is now looking for his …
Paul Kunert, 21 Jan 2015
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
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 …

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
Frank_Denneman_500

PernixData chap: We are to storage as Alfred Nobel was to dynamite

Interview PernixData chief technologist Frank Denneman thinks distributed fault-tolerant memory technology (DFTM) is ushering in an era of nanosecond-scale storage access latencies that could fundamentally change applications and the way they access data. Application process run speeds could be reduced to a tenth of their present levels …
Chris Mellor, 10 Mar 2015
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 …

An EMC-HP Borg cube will totally ANNIHILATE its storage worlds

Comment Suppose EMC and HP merged: the result would be an outrageous nightmare of overlapping storage products. Managers would run screaming into the darkness, and bean counters would spend millions converging products. It’s a no-go area, really. Quick and dirty look at HP and EMC storage products A quick and dirty look at HP and EMC …
Chris Mellor, 08 Oct 2014
Jeff_Hausman

The Hausman interview: CloudPhysics' analytics strategy revealed

Harmsel biz blog CloudPhysics uses Big Data analytics techniques to look into virtualised infrastructures and improve data centre operations. It operates with a Software-as-a-Service (SaaS) model and offers predictive analytics. I had the pleasure of speaking with Jeff Hausman of CloudPhysics, who took over the CEO role from founder John …
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
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

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
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
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 …
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
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
channel

Has Symantec sprinkled Veritas developers with pink slips?

Comment 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 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
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
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

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
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
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
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
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
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
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
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
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
globalisation

Veritas preps secret weapon to ease licensing horror

Veritas Vision 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