Symantec Seals Veritas Deal - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News
News
7/5/2005
11:11 AM
50%
50%

Symantec Seals Veritas Deal

Symantec officially closed its merger deal with Veritas Software on Saturday.

Symantec became a much larger company over the weekend.

The Cupertino, Calif.-based security vendor on Saturday finalized its $13.5 billion merger deal with Veritas Software. Also on Saturday, Symantec said shares of Veritas stock were converted into Symantec stock, and Veritas shares will no longer be traded.

The merger agreement had won approval from shareholders of Symantec and Mountain View, Calif.-based Veritas on June 24.

Symantec Chairman and CEO John Thompson will retain his title in the combined company. Veritas Chairman and CEO Gary Bloom will serve as vice chairman and president of Symantec, with responsibility for sales, services, support and corporate development.

In other key executive posts, Greg Myers will continue as CFO, and John Schwarz will be responsible for all product development, security response and technology alliances, according to Symantec. Allyson Seelinger will lead the global channels segment, and Vince Steckler will oversee the global consumer and small-business segment.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
Why 2021 May Turn Out to be a Great Year for Tech Startups
John Edwards, Technology Journalist & Author,  2/24/2021
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
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.
Sponsored Video
Flash Poll