Back(up) to the future: Veritas reborn
It's the return of a well known name as Symantec resurrects Veritas as its information management company.
Symantec has resurrected the Veritas brand, announcing it will name its independent information management company Veritas Technologies Corporation, when Symantec splits in two.
Veritas will handle backup and recovery, archiving, eDiscovery, storage management and information availability solutions. The business generated revenue of $2.5 billion for Symantec in fiscal 2014.
Symantec announced its plans to split the company into two separate companies last October.
Michael Brown, Symantec president and chief executive, says Veritas ‘remains a powerful brand that still has tremendous equity with our customers, partners and employees’.
“After careful review it was an easy choice as the name for our information management business,” Browns says.
“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.”
Symantec acquired Veritas
The selection of Veritas as the name for the new company comes as no surprise to many. Symantec acquired Veritas back in 2005, for US$13.5 billion and the name lived on in a range of Symantec products.
Symantec’s security business, which generated $4.2 billion in fiscal 2014, will continue as Symantec.