Veritas gets Precise for $537M
Veritas Software Corp., Mountain View, Calif., is buying Precise Software
Solutions, Westwood, Mass., in a planned stock and cash transaction valued at
The acquisition announced Thursday will add Precise application management
and monitoring technology to the Veritas hardware and software management
product offerings, said Gary Bloom, chairman, president and CEO at Veritas. The
two companies' products are complementary and are frequently deployed together
by IT departments in Fortune 500 corporations, he said.
Speaking during a conference call Thursday with reporters and analysts, Bloom
explained: ''We really do see them [Precise] heavily in the application
performance management market, which is directly adjacent to what we do with our
high-availability technology. This now introduces for us the whole concept of
high performance for applications. If you take availability and put it together
with performance, you have a winning combination. And that's what this
acquisition is all about.''
Veritas also announced Thursday the separate acquisition of Jareva
Technologies, a Sunnyvale, Calif.-based start-up providing automated
server-provisioning technology. Buying privately held Jareva for $62 million in
cash will further broaden Veritas' product offerings, Bloom said.
During the conference call, he offered an example of how the Veritas, Precise
and Jareva software might work together.
''Consider a typical company that has deployed a PeopleSoft e-HR application
running on a Windows machine against an Oracle database on a Sun Solaris
machine,'' Bloom said. ''Precise is used to monitor the PeopleSoft application.
Even before the users begin to call the help desk, it detects that the
PeopleSoft e-HR application is experiencing a slowdown. Precise determines that
the computer running the PeopleSoft application is running out of resources and
recommends that a new one be brought on line to take some of the load. Precise
notifies Veritas Cluster Server, which in turn calls Jareva to bring a new
computer into the cluster and prime it with PeopleSoft e-HR. As the new computer
comes online, performance of the application improves. Problem solved. At the
same time, Veritas Cluster Server takes over management of the new computer,
ready to take action in the event of any failure.''
Bloom said that integration of the Veritas and Precise products will be
facilitated by the experience both companies have with corporate IT departments
using both companies' products. He said Veritas will offer further details on
the integration of Precise as well as Jareva after the deals are finalized,
which he estimated will be in the second quarter of 2003.
Shimon Alon, CEO at Precise, who joined Bloom on the conference call, said he
plans to stay on after the acquisition is complete. Along with employees in
Massachusetts and Virginia, Alon said, Precise will continue its research and
development operations based in Israel.
Bloom said the 470 employees at Precise and 35 employees at Jareva will be
added to the 5,600 employees of Veritas. He added that his company, which
reported revenue of $1.5 billion in 2001, expects the acquisitions to have a
'neutral impact' on Veritas financials.
''Precise buys rights to EMC toolset'' by Michael W. Bucken
''Precise pushes correlation solution forward'' by Peter Bochner at http://www.adtmag.com/article.asp?id=6828
Rich Seeley is Web Editor for Campus Technology.