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Access "Thumbs down on Veritas merger"

Published: 19 Oct 2012

As we go to press, Veritas will merge with Symantec. Santa will leave executives of both companies millions in stock and bonuses under the tree. For you, it's more likely to be a lump of coal. The current regime at Veritas has shown a spectacular lack of vision, and this is the result. Take the largest independent software company in storage, with an absolutely dominant position in data protection and several other sectors, add the biggest storage boom in history, throw in a dash of users clamoring for heterogeneous management and good things should happen. Instead, Veritas has stagnated in its core businesses and made unproductive acquisitions. What's gone wrong? Veritas' management couldn't have read the opportunity any more wrongly. Hardware independence was the historic attraction of Veritas software, but the company failed to grasp the chance to quickly embrace standards and dominate the future. Instead, it let a nimble startup like AppIQ private label applications for most of the storage hardware companies. Never before has there been such a crying ... Access >>>

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