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.
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.