Symantec's getting $1bn less for Veritas thanks to ‘uncertainties’ The Carlyle Group and Symantec have agreed to cut Veritas’s top line purchase price by $600m, as "uncertainties" related to the transaction have come to the fore. Back in August the Carlyle Group agreed to buy Veritas, Symantec's storage business, for $8.0bn, with Symantec expecting to receive $6.3bn in net cash. That price …
" can only assume that Veritas’s preliminary results show a significant downturn"
well what do they expect? Announce the business is going to be sold, take months completing the deal, then customers go jittery because - as far as they're concerned - the future of the product they are buying is in doubt.
Think how many IT business have been folded / slashed / burnt / raped after takeover and you'll soon understand the failure in customer confidence
Their technology is as old as their company-busting CEOs insipid stock answers of all the goodness the split creates.
Symantec deserve to be flushed into the sewer of had-beens, and should've years ago!
Another round of layoffs at Symantec obviously will ensue.
It's going on 10 years since I worked in IT, we used Backup Exec with various types of tape including libraries. It was easy to used reliable and on the few occasions a restore, full or just a file it never let us down.
It seems to have a few detractors now, has it gone down hill since 2006/7?
Out of interest it is a genuine question?
"It's going on 10 years since I worked in IT, we used Backup Exec with various types of tape including libraries. It was easy to used reliable and on the few occasions a restore, full or just a file it never let us down."
It was easy to use but even back when Veritas owned Backup Exec (and continuing to this day) once you had the system working there was always a good chance that it would go belly-up if you even dared to install Service packs or other updates. You almost always need to update the agents in remote servers after each update which is annoying. Upgrading from earlier versions always introduced bugs so it was usually just faster to print out the old selection lists and type them after you'd removed the old version and installed the new one rather that find out why some backups just fail for no obvious reason.
Pre-2012 version you could back-up any number of servers in a single backup instance. Now you need to create a backup schedule and lists for each server. Supposedly there's some logic to that but I hate it. The GUI has also been sprinkled with candy and is slower to use.
/Rant over.
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