Symantec selling Veritas to private equity firm – report

Symantec’s soon-to-be-split-off Veritas business is destined for private equity ownership, according to Bloomberg. The buyer is said to be the Carlyle Group and it will pay something between $7bn and $8bn for a business, which has forecast $2.6bn annual revenues. It’s been noted for some time that there is no CEO identified …

[John Smith 19]

Weren't Veritas the company whose CV said he had an MBA when he didn't ?

I think it was.

Kind of liked working for a Veritas reseller.

Good at free clothing supply.

[Crazy Operations Guy]

What makes you think it will still exist?

Veritas would probably be worth a lot more if they just killed it and sold all their patents and trademarks to whoever wanted them.