Buy veritas software

And Veritas is in a growth market. The three of us together can just grow faster," Bloom said. While exact revenue numbers for Jareva were not disclosed, Bloom said the company's technology and early customer success will offer Veritas future revenue opportunities. We deployed it ourselves in our labs," Bloom said. Veritas currently employs about 5, people, and the company will add Precise employees and 35 Jareva staff members to its headcount. Veritas said it expects its revenue to remain neutral will the addition of the two companies.

Bloom said Veritas will see accretive earnings within 12 months. The acquisition of Precise by Veritas follows on the company's acquisition of NTP's StorageReporter software and fills gaps in its product line.

Storage Resource Management software has been a hot target for acquisition this year - Sun started the consolidation of the SRM market in April with the acquisition of start-up HighGround's software. In , Veritas acquired Windward Technologies and integrated its predictive-failure analysis tools into its storage management products.

The acquistion of Jareva is also important to storage management in that it gives Veritas the ability to automatically provision storage resources. Automated storage managment is a nirvana of sorts for the storage industry. EMC led the industry with the announcement of its Automated Resource Manager software, which allows rules to be applied to automate storage tasks. NetBackup delivers agentless backup, instant access and reliable granular data recovery in the cloud that can scale with your virtual machine environment.

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Veritas NetBackup has made our shortlist because it offered hardware-level replication and seamless VMware integration. Symantec's purchase, which comes on the heels of Oracle Corp.

Industry leaders and analysts say the software field has matured, leading to the inevitable consolidation of that market. Symantec, based in Cupertino, is best known for its computer security products, while Veritas, based in Mountain View, sells software that companies use to store and manage computer data. Since the two companies do not compete, the merger appears designed to expand Symantec's reach, particularly into the increasingly lucrative corporate software market, where Veritas is a strong player.

John Schwarz , Symantec's chief operating officer and president, said the merger is not expected to lead to job cuts.