Veritas Technologies LLC develops and delivers backup and recovery, business continuity, information governance, and storage management solutions worldwide. The company provides backup and recovery products comprising system recovery solutions for protecting desktops, laptops, servers, and virtual machines; and NetBackup appliances that provide backup and recovery for data centers, remote offices, and virtual environments. Its business continuity products include InfoScale Enterprise, which provides business continuity and software-defined storage for critical services across data centers; Backup Exec, a backup and recovery solution for mid-sized organizations; Disaster Recovery Orchestrator that offers disaster recovery for business applications; and Veritas Enterprise Vault, a SaaS based data archiving solution to manage email records electronically.
The company’s information governance products include Data Insight, a file analysis solution that provides the tracking and reporting necessary to deliver organizational accountability for file usage and security. It also provides education services; business critical services; consulting services; managed services that include monitoring, management, and support of backup and archiving environments; and appliance installation and custom configuration services. It offers unstructured data growth, multi-vendor hybrid cloud, healthcare, and government solutions. Its software and hardware products enable Fortune 500 companies to protect, identify, and manage data within environments ranging from traditional data centers to private, public, and hybrid clouds. The company was incorporated in 2015 and is based in Mountain View, California. Veritas Technologies LLC operates as a subsidiary of Symantec Corporation.
Symantec Selects Veritas Technologies Corporation as the Name for its Independent Information Management Company
Powerful brand receives new logo in a blend of heritage and future direction
MOUNTAIN VIEW, Calif. – January 28, 2015 – Symantec Corp. (NASDAQ: SYMC) today announced Veritas Technologies Corporation as the name for its independent publicly traded information management company, which will be created following the completion of the previously announced separation into two companies. It also revealed a new logo for Veritas.
“Veritas remains a powerful brand that still has tremendous equity with our customers, partners and employees, and after careful review it was an easy choice as the name for our information management business,” said Michael A. Brown, Symantec president and chief executive officer. “While the name recalls the company’s heritage, the new logo signals that Veritas is ready to solve the most critical information challenges facing our customers today and tomorrow.”
The new logo design was influenced by the concepts of open, heterogeneous technologies that are required to harness the power of information, principles that are core to the future strategy of the new Veritas Technologies Corporation.
The new Veritas name and logo represent an established market leader, serving 75% of the Fortune 500 with a broad range of products that include backup and recovery software and appliances, storage management, clustering, disaster recovery, archiving and eDiscovery solutions. The Veritas business generated $2.5 billion in revenue for Symantec in fiscal year 2014. Veritas competes in markets that are an estimated $11 billion today, potentially expanding to $16 billion in 2018 with a CAGR of 7% from 2013 to 2018.
Winning in Information Management
The new Veritas Technologies Corporation has continued to build out its organization and evolve its product strategy, while serving customers with its industry-leading solutions. Veritas will continue to invest in and enhance those core products, but they will also serve as the foundation for new information availability and insight technologies that will help customers further unlock the value of their data to help drive business productivity. By extending current product capabilities, leveraging IP and building new coordinated architectures, Veritas will bring next-generation solutions designed for hybrid cloud environments to market throughout the upcoming year.