51:
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In 1997 the company acquired OpenVision
Technologies, another public company of the same size, and thus entered the backup business. Although the company only retained $ 20 million of OpenVision's 1996 base, it completed the 1997 year at $ 120 million. It was during this high growth period that the
544:
After the demerger from
Symantec in 2016, Veritas rebranded itself as Veritas Technologies LLC. with a new logo. As CEO, Bill Coleman was able to transform the company to have "a startup, win-in-the-marketplace, customer-first culture" during the two-year turnaround. On January 28, 2018, Veritas
528:
On
October 10, 2014, Symantec announced it planned to split the company into two parts. The security business would remain with Symantec, and the information management business would be known as Veritas Technologies Corporation. The separation of the companies was completed on January 29, 2016.
545:
Technologies LLC. named Greg Hughes as its CEO. With a new brand and a new CEO, Veritas
Technologies planned to move its employees to its new headquarters in Santa Clara by the end of summer 2018. In September 2020, Veritas Technologies LLC acquired Los Angeles–based software company Globanet.
507:
In 1998, Veritas decided to consolidate most of its offices to one corporate headquarters in
Mountain View and hired Ernst and Young to plan the new 550,000 sq ft facility. David Bentley of EY led the team to hire HOK as the architect and Rudolf and Sletten as the general contractor. The new
456:
The company achieved $ 200 million in 1998, and in 1999 acquired the backup business from
Seagate Software, which was also approximately $ 200 million in 1998. In 1999 the combined company achieved revenues of $ 700 million, and became the undisputed leader in the Storage Management Software
396:
The firm started out with a relationship with AT&T to provide the file (Veritas File System – VxFS) and disk management (Veritas Volume
Manager – VxVM) software for its UNIX operating system, and to jointly market and support the products to the System OEMS
536:. Veritas and Symantec achieved operational separation on October 1, 2015. The sale completed on January 30, 2016, when Veritas became a privately held company. The sale to go private was for $ 8 billion, and represented a mark-down on Symantec stock.
365:
technology. Applications needed to be fortified with this check-pointing to allow roll-back of the application on another processor if a hardware failure occurred. Tolerant also developed a forerunner of today's
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446:. Ernst & Young Consultants led by David Bentley as the project manager were brought in to lead this effort and soon hired HOK as the architect and Rudolf and Sletten as the
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announced their plans for a merger in a deal valued at $ 13.5 billion. The deal created the fourth-largest software firm in the world to date. Veritas and
Symantec's
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In 1995 the company acquired
Tidalwave Technologies, a small San Francisco–based company for $ 4.2 million in stock. Tidalwave specialized in cross-platform
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acquired
Veritas in February 2024 for a deal valued at $ 7 billion, with Veritas being valued in the deal at $ 3 billion as per a Reuters report.
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Through this accelerated growth, Veritas went from a $ 36 million company to a $ 1.5 billion company, a growth multiple of 42X in five years.
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company, and became the tenth largest software company in the world by revenues, and third largest by market capitalization.
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burst. Nonetheless the company was able to achieve revenue growth of 25% to $ 1.5 billion, and operating margins of 25%.
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498:(APM) leaders, for about $ 400 million in cash and 7.4 million shares of its stock for a total of about $ 609 million.
1992:
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Dale Shipley formed Tolerant Software in January 1988. Tolerant Software produced a journaling file system and a
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based on the idea of "shoe box" building blocks. The shoe box consisted of an OS processor, running a version of
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industry. In 2000 the company achieved revenues of $ 1.2 billion, was added to the S&P 500, became a
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Veritas Board decided to consolidate the various business locations into a 550,000 sq ft facility in
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VRTS redirects here, for the ticketing system used by Knowledge (XXG)'s Volunteer Response Team see
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On August 11, 2015, Symantec announced the sale of its Veritas information management business to
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business as Veritas Technologies LLC, to focus on security. It was purchased as part of the
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416:(IPO), selling 16 million shares to the public, and valuing the company at $ 64 million.
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1040:"SoftBank-backed Cohesity to buy Veritas data security unit, create $ 7 billion firm"
351:
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Symantec and The Carlyle Group Plan to Close Acquisition of Veritas January 29, 2016
409:
model provided royalties to Veritas when the OEM shipped its products to end users.
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651:(CSA) which was the subject of litigation with the U.S. Internal Revenue Service.
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In 1999, VERITAS Software Corp. (VERITAS US) and VERITAS Ireland entered into a
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1015:"Veritas Acquires Globanet, Extending Its Leading Digital Compliance Portfolio"
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199:. It specializes in storage management software including the first commercial
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940:"Veritas taps new CEO, saying two-year turnaround is complete – SiliconANGLE"
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Symantec to Separate Into Two Focused, Industry-Leading Technology Companies
259:
for $ 8 billion in cash in 2016. It was sold again in 2024 to software firm
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1958:
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August 2003 – Acquired Israel's Precise Software Solutions, one of the
480:
April 1997 – Acquired OpenVision Technologies. This included NetBackup.
390:
355:
301: in this section. Unsourced material may be challenged and removed.
520:
approved the merger on June 24, 2005, and it was completed on July 2.
1300:
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UNIX platform, which was built by a new team led by John Carmichael.
220:
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226:, NetBackup. Veritas Record Now was an early CD recording software.
632:
Veritas Infoscale, data management such as HyperScale for OpenStack
1203:
990:"Veritas moving headquarters, hundreds of workers, to Santa Clara"
920:
Veritas Goes Private for $ 8 Billion Following Split from Symantec
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May 1999 – Acquired the Network and Storage Management Group of
343:
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The company was founded by Eli Alon and Dale Shipley (both from
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processors. The system was marketed as the "Eternity Series."
270:
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In 2001 the industry went through a major downturn as the
424:
At the end of 1996, Veritas had revenues of $ 36 million.
361:
The TX software gained a level of fault-tolerance through
1072:"Veritas Extends Cloud Capabilities Across Its Platform"
702:"The Carlyle Group Closes Veritas Acquisition | Carlyle"
2027:
Software companies based in the San Francisco Bay Area
966:"Veritas Names Greg Hughes as Chief Executive Officer"
244:
In 2014, Symantec announced that it would demerge its
169:
810:"Symantec to Split Into Storage, Security Companies"
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681:Veritas Services and Operations Readiness Tools
435:(HA) Software and thus entered the HA business.
374:and multiple copies of the disk drive content.
795:"Symantec Buys Veritas in $ 13.5 Billion Deal"
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512:facility. On December 16, 2004, Veritas and
508:facility was completed in 2001 along the new
8:
215:, the personal/small office backup software
43:
229:Before merging with Symantec (now known as
2032:Companies based in Santa Clara, California
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772:"Veritas Closes Precise Software Purchase"
450:. The new facility was completed in 2000.
49:
42:
412:On December 9, 1993, the company had its
317:Learn how and when to remove this message
1038:Hu, Krystal; Sen, Anirban (2024-02-08).
350:, and on which applications ran, and an
2082:Software companies of the United States
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338:) as Tolerant Systems in 1983 to build
2052:Software companies established in 1983
2047:American companies established in 1983
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852:
850:
917:Preimesberger, Chris (Aug 11, 2015),
753:"Veritas Buys Pair of Software Firms"
233:) in 2004, Veritas was listed on the
7:
1986:Hyundai Communications & Network
299:adding citations to reliable sources
195:, founded in 1983 and later renamed
429:Tidalwave Technologies Acquisition:
2042:Private equity portfolio companies
1645:International Aluminum Corporation
808:Robertson, Jordon (Oct 10, 2014),
725:Beeler, Jeffry (13 January 1986).
496:Application Performance Management
25:
2037:1983 establishments in California
191:. The company has its origins in
1698:ITS Technologies & Logistics
1450:Permian Tank & Manufacturing
1291:American Achievement Corporation
770:Boulton, Clint (June 30, 2003),
275:
27:American data management company
887:Symantec and Veritas separation
503:2004–2014: Merger with Symantec
340:fault-tolerant computer systems
286:needs additional citations for
241:under the VRTS ticker symbol.
1:
2072:2016 mergers and acquisitions
2067:2004 mergers and acquisitions
2062:1993 initial public offerings
727:"Eternity now fault tolerant"
183:is an American international
1968:Eastern Broadcasting Company
1675:Taylor-Wharton International
1406:Coastal Carolina Clean Power
1403:China Recycling Energy Group
2077:The Carlyle Group companies
1701:Illinois Central School Bus
1453:Phoenix Exploration Company
1409:Cobalt International Energy
666:Veritas Cluster File System
370:systems by incorporating a
83:; 41 years ago
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1695:Connecticut Service Plazas
1462:Stallion Oilfield Services
1056:: CS1 maint: url-status (
661:Veritas Storage Foundation
549:2024: Merger with Cohesity
389:management system for the
36:
29:
1883:Quorum Business Solutions
1877:Personal & Informatik
1456:Quorum Business Solutions
1333:McDonald's China & HK
1246:Diversified Machine, Inc.
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884:corporate press release,
857:corporate press release,
832:corporate press release,
620:Desktop and Laptop Option
454:Seagate NSMG Acquisition:
263:, valued at $ 3 billion.
187:company headquartered in
105:(as Veritas Technologies)
48:
2057:Gen Digital acquisitions
381:Logo as Veritas Software
181:Veritas Technologies LLC
44:Veritas Technologies LLC
32:Veritas (disambiguation)
1825:Freescale Semiconductor
1782:Offshore Incorporations
1739:AZ Electronic Materials
1669:Specialty Manufacturing
1614:China Forestry Holdings
1605:AZ Electronic Materials
1541:Concord Medical Service
1459:Red Technology Alliance
1397:CDM Resource Management
964:Technologies, Veritas.
602:Volume Replicator (VVR)
540:2016: The new beginning
439:OpenVision Acquisition:
420:Growth and acquisitions
414:initial public offering
189:Santa Clara, California
1840:Huaya Microelectronics
1441:Legend Natural Gas III
649:cost-sharing agreement
382:
372:journaling file system
246:information management
201:journaling file system
72:Information Management
1896:SS&C Technologies
1863:Nitride Semiconductor
1438:Legend Natural Gas II
1430:International Logging
1348:NBTY(Nature's Bounty)
1220:ManTech International
1164:William E. Conway Jr.
867:on September 24, 2015
560:Products and services
380:
96:; 8 years ago
94:January 29, 2016
92:(as Tolerant Systems)
1678:Veyance Technologies
1648:John Maneely Company
1242:Allison Transmission
611:APTARE IT Analytics™
583:NetBackup Appliances
295:improve this article
39:Knowledge (XXG):VRTS
30:For other uses, see
1797:Command Information
1772:Booz Allen Hamilton
1745:Allsec Technologies
1538:Claris Lifesciences
1412:Collingwood Ethanol
1169:Daniel A. D'Aniello
797:. 16 December 2004.
671:Veritas File System
635:Resiliency Platform
608:eDiscovery Platform
524:2014–2016: Demerger
254:private equity firm
219:and the enterprise
156:Number of employees
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1880:Proteus Biomedical
1869:OpenLink Financial
1585:Proteus Biomedical
1565:LifeCare Hospitals
1507:Repco Home Finance
1485:Financial services
1477:Voice Construction
1418:Foresight Reserves
1263:United Road Towing
970:www.prnewswire.com
626:Information Studio
448:general contractor
383:
2014:
2013:
1785:Catapult Learning
1729:business services
1471:Topaz Power Group
1468:Titan Specialties
1447:Niska Gas Storage
1421:Green Earth Fuels
1391:Bottle Rock Power
1260:United Components
1153:The Carlyle Group
1019:finance.yahoo.com
534:The Carlyle Group
444:Mountain View, CA
433:High Availability
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257:The Carlyle Group
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149:The Carlyle Group
16:(Redirected from
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1626:General Lighting
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1216:DHS Technologies
1213:Combined Systems
1174:David Rubenstein
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1923:UC4 Software
1672:TVK Shipyard
1572:Medical Park
1465:Targe Energy
1444:Moreno Group
1090:
1079:. Retrieved
1075:
1066:
1033:
1022:. Retrieved
1018:
1009:
998:. Retrieved
996:. 2017-11-20
993:
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969:
959:
948:. Retrieved
946:. 2018-01-08
944:SiliconANGLE
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895:the original
886:
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733:. p. 37
730:
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705:
696:
646:
629:Data Insight
565:Veritas Alta
552:
543:
531:
527:
518:shareholders
506:
474:
464:
459:Fortune 1000
453:
438:
428:
423:
411:
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387:virtual disk
384:
360:
347:
333:
313:
304:
293:Please help
288:verification
285:
243:
228:
196:
192:
180:
179:
160:7,000 (2020)
120:Headquarters
115:Dale Shipley
58:Company type
2003:Numericable
1972:Focus Media
1712:Real estate
1634:H.C. Starck
1582:PixelOptics
1561:Healthscope
1532:BioReliance
1492:Butterfield
617:SaaS Backup
587:Backup Exec
489:Backup Exec
235:S&P 500
231:Gen Digital
217:Backup Exec
124:Santa Clara
2021:Categories
1788:Cellutions
1666:Sinorgchem
1608:AvanStrate
1596:Industrial
1535:Cellutions
1518:Healthcare
1497:BankUnited
1355:Philosophy
1312:Dio Coffee
1081:2021-04-26
1024:2020-09-29
1000:2018-05-04
975:2018-05-04
950:2018-05-04
926:2017-03-23
904:2016-02-15
871:2015-08-12
841:2016-01-03
819:2014-10-10
781:2009-11-03
711:2024-08-21
688:References
614:CloudPoint
510:light rail
239:NASDAQ-100
132:Key people
101:2016-01-29
1964:CommScope
1917:TradeBeam
1900:SchoolNet
1815:Elitecore
1809:Orienwise
1803:CompuDyne
1776:Broadleaf
1765:Authentix
1681:Wastequip
1638:HD Supply
1588:Qualicaps
1576:MultiPlan
1303:Childcare
1254:Metaldyne
1191:Aerospace
1052:cite news
814:Bloomberg
580:NetBackup
307:July 2020
2007:REVShare
1993:The Mill
1920:TrenStar
1886:REVShare
1806:Covalent
1800:Companeo
1791:Centrata
1579:NeoVista
1545:Convatec
1524:Acufocus
1504:FN STARS
1352:Orizonia
1315:Ellassay
1274:Consumer
1257:TrenStar
655:See also
643:Lawsuits
605:SANPoint
554:Cohesity
514:Symantec
391:AT&T
261:Cohesity
250:demerger
237:and the
224:software
113:Eli Alon
110:Founders
68:Industry
1998:Nielsen
1959:Com Hem
1940:Telecom
1914:Talaris
1903:Solsoft
1873:Panasas
1860:NineYou
1846:KCS.net
1843:Infomax
1821:Flexcom
1818:eScreen
1756:Applus+
1742:Air2Web
1704:Synagro
1642:Hawkeye
1630:Goodman
1549:eScreen
1424:HongHua
1394:CDM MAX
1364:Yashili
1344:NeWorld
1338:Moncler
1324:Kaiyuan
1318:Hao Yue
1309:Chimney
1294:Arabela
1209:AsiaSat
1194:Defense
1044:Reuters
737:9 March
638:Hubstor
346:called
267:History
252:by the
170:veritas
165:Website
99: (
86: (
78:Founded
62:Private
1926:Viator
1857:Newgen
1829:Gemcom
1623:Comark
1620:Coates
1376:Energy
1359:Targus
1301:Britax
1277:Retail
683:(SORT)
568:Access
221:backup
1943:Media
1911:TOPIA
1794:Sunco
1762:Arsys
1568:Marle
1552:Forba
1415:Ensus
1379:Power
1335:(20%)
1321:iTour
1250:Hertz
1224:Sequa
1204:ARINC
898:(PDF)
891:(PDF)
757:eWeek
594:(VCS)
356:320xx
336:Intel
145:Owner
1989:kbro
1929:ZCom
1854:Ness
1836:HDFC
1812:eBis
1736:ACIS
1657:Otor
1651:Kito
1400:CNAA
1388:4Gas
1058:link
739:2022
576:VxVM
574:and
572:VxFS
368:RAID
344:Unix
209:VxVM
205:VxFS
172:.com
88:1983
81:1983
1889:RMI
1654:RHI
1306:CVC
407:OEM
399:Sun
297:by
213:VCS
138:CEO
2023::
1074:.
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314:(
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