Symantec Corp and VERITAS Software Corp today announced the structure of the team responsible for managing the integration of the two companies.
In addition, the companies have engaged PricewaterhouseCoopers to provide merger and acquisition services related to infrastructure planning and implementation and Bain & Company to help with the integration of customer-facing functions.
"Symantec and VERITAS are highly complementary in terms of product lines, account coverage structure and go-to-market approaches," said John W Thompson, Symantec chairman and chief executive officer.
"At the same time, we are taking an approach that is both pragmatic and realistic when it comes to the integration challenges that lie ahead. Our synergies, along with the commitment of both companies' employees and the integration teams, should help make the integration process more manageable."
Ed Gillis, VERITAS chief financial officer, will lead the overall integration planning and management efforts for both companies. Gillis is establishing the integration management office and forming joint teams to begin the planning.
Led by representatives from both companies, the joint teams will be focused on:
* Planning for the sales, services and business development structure;
* Outlining the lines of business and developing the technology roadmap;
* Detailing the combined company's go-to-market plans;
* Integrating the services and support organisations;
* Combining the finance, infrastructure and legal operations.
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VERITAS Software, one of the 10 largest software companies in the world, is a leading provider of software to enable utility computing. In a utility computing model, IT resources are aligned with business needs and business applications are delivered with optimal performance and availability on top of shared computing infrastructure, minimising hardware and labour costs.
With 2003 revenues of $1.75 billion, VERITAS delivers products and services for data protection, storage and server management, high availability and application performance management that are used by 99% of the Fortune 500. More information about VERITAS Software can be found at www.VERITAS.com.
Symantec
Symantec is the global leader in information security providing a broad range of software, appliances and services designed to help individuals, small and mid-sized businesses, and large enterprises secure and manage their IT infrastructure. Symantec's Norton brand of products is the worldwide leader in consumer security and problem-solving solutions. Headquartered in Cupertino, California, Symantec has operations in more than 35 countries. More information is available at http://www.symantec.com.
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