IoT
Software // Information Management
News
9/1/2004
11:42 AM
50%
50%
RELATED EVENTS
Risk Data as a Strategy
Apr 06, 2016
There is a renewed focus on risk data aggregation and reporting (RDAR) solutions, as financial ins ...Read More>>

Veritas Acquires E-Mail Archiver KVS

Veritas will acquire KVault Software Ltd. in an all-cash deal for $225 million.

Veritas Software Corp. said Tuesday it will acquire KVault Software Ltd. in an all-cash deal for $225 million. KVS, best known for its e-mail archiving software, will give Veritas customers the ability to store, manage and backup corporate e-mail and data.

KVS serves more than 1.7 million seats with policy-based archiving of Microsoft Exchange, Microsoft SharePoint, Microsoft Office and file systems. Another compliance player, KVS enables the archiving of infrequently accessed information to cheaper storage media and allows organizations to better manage e-mail storage costs and management.

"KVS will add another strategic component to the Veritas utility computing portfolio" said Gary Bloom, chairman, president and CEO of Veritas, in a statement.

The acquisition is expected to be complete by the end of September. Approximately 200 KVS employees will operate as a separate unit, building on the company's 2003 revenues of $23 million.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
The Agile Archive
The Agile Archive
When it comes to managing data, donít look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
Register for InformationWeek Newsletters
White Papers
Current Issue
2016 InformationWeek Elite 100
Our 28th annual ranking of the leading US users of business technology.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.