Veritas vincit 'truth prevails' ( latin)
Pune, January 29, 2015: Ten years after it acquired the storage management company Veritas, Symantec has restored the name Veritas Technologies Corporation to its independent publicly traded information management company.
This will be created following the completion of the previously announced separation into two companies.
“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 Symantec President and CEO Michael A. Brown,“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.”
Veritas Technologies India will return to its roots in Pune, where the original Veritas had and under Symantec, still maintains, a strong centre of innovation
The new Veritas name and logo ( our picture above) 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.
Ther erstwhile Veritas Software Corporation was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. The company specialized in storage management software
See our Image of the Day on Veritas in marble