Veritas buys two software companies for $600M

Veritas buys two software companies for $600M

Seeking to buy into the emerging US$11 billion storage resource management marketplace, storage vendor Veritas Software announced Thursday that it will purchase Precise Software Solutions and Jareva Technologies to gain application performance management and server-provisioning capabilities on its own software suites.

Veritas said it will pay $537 million for Westwood, Mass.-based Precise and $62 million for Sunnyvale, Calif.-based Jareva.

Precise, a 10-year-old company with 450 employees, makes application performance management software. Its software will give Veritas the ability to oversee mission-critical applications such as SAP, Oracle, BEA and Microsoft Exchange.

Currently, Veritas' flagship application, SANPoint Control and Veritas Volume Manager, are storage provisioning tools for storage-area networks.

"Our clustering products ensure those applications never go down. Then Precise covers the same mission-critical applications, but they ensure the performance of those application never degrade," said Kris Hagerman, senior vice president of strategic operations at Veritas in Mountain View, Calif.

Jareva, a privately held start-up with 35 employees, makes server provisioning software that allows IT managers to add servers without manual intervention.

Last month, Veritas purchased an application called NTP Storage Recorder from start-up NTP Software in Manchester, N.H. That software gave Veritas storage chargeback capabilities.

"We think this rounds out the hardware utilization objective we're after," said Bob Maness, senior director of products marketing at Veritas. "We're extending our value from the storage level to the application level and that entire stack. That's a critical part of the measurement of a CIO's value proposition to a company."

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.



Join key decision-makers within Environmental, Social, and Governance (ESG) that have the power to affect real change and drive sustainable practices. SustainTech will bridge the gap between ambition and tangible action, promoting strategies that attendees can use in their day-to-day operations within their business.

EDGE 2023

EDGE is the leading technology conference for business leaders in Australia and New Zealand, built on the foundations of collaboration, education and advancement.


ARN has celebrated gender diversity and recognised female excellence across the Australian tech channel since first launching WIICTA in 2012, acknowledging the achievements of a talented group of female front runners who have become influential figures across the local industry.

ARN Innovation Awards 2023

Innovation Awards is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in Australia.

Show Comments