Symantec To Buy Veritas: May Announce Deal “As Early as This Week”

Symantec is close to buying Veritas – for more than $13 billion.
According to the New York Times this morning, negotiations between security giant Symantec and backup/storage giant Veritas that have lasted for more than a month are almost complete.

If successful, they would lead to “the announcement of a possible deal as early as this week,” says the paper.

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It does make sense. Symantec has owned the majority stake in the drive imaging market since buying PowerQuest and that gave them GoBack, as well, for real-time mirroring of files. What they lack is your garden variety backup software. And that’s where Veritas comes in.