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Symantec and Veritas to Merge

By Ed Oswald, BetaNews

December 16, 2004, 12:00 PM

In the second software industry merger this week, Symantec and Veritas announced plans for a $13.5 billion merger Thursday morning. The merger would create the world's fourth largest software company, and will operate under the Symantec name.

Symantec, best known for its security and antivirus software, sees Veritas' work in computer backup as a perfect fit for the newly merged company. "The new Symantec will help customers balance the need to both secure their information and make it available, thus ensuring its integrity," Symantec CEO John Thompson said in a statement.

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By jdunai

edited Dec 17, 2004 - 10:16 AM

Anyone remember Nexland routers? A great router that could load balance a dial up with cable, dsl. The router cost somewhere around 300 bux, Symantec seen a good thing and bought it up so noone else could benefit.

Score: 0

By seier

posted Dec 16, 2004 - 12:07 PM

Hi Gang,
Maybe I live under a rock or have just been busy, but can somebody tell me what other software industry merger took place?
Thanks in Advance,
Christian Blackburn

Score: 0

By brettums

edited Dec 16, 2004 - 1:11 PM

peoplesoft and another co.... forgot the other.....
ummm Nextel and sprint......

My wife and myself... : )~

Score: 0

By eoswald

posted Dec 16, 2004 - 12:56 PM

Hi Christian -
The other merger this week was Oracle and PeopleSoft.. see this article - http://www.betanews.com/..._103_Billion/1102951665

- Ed

Score: 0

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