Following stockholders` approval, the merger between Symantec and Veritas Software was completed during the weekend. The new company will be called Symantec.
"By merging the industry leaders in storage and security software, Symantec will provide enterprises with a more effective way to secure and manage the most valuable asset - information. Symantec can now deliver information security and availability solutions across all platforms and to customers of all sizes," a Symantec spokesman said in a statement.
Symantec said the new board of the merged entity comprises predominantly independent directors, and will be eligible for re-election at the company`s 2005 annual stockholders` meeting.
John W Thompson will remain as chairman of the board of directors, as well as CEO. Gary Bloom, formerly Veritas CEO, will serve as vice-chairman and co-president.
In SA, Patrick Evans has been named regional director, responsible for sub-Saharan Africa, and will now be responsible for identifying and anticipating market trends for this region. In addition, Evans will be responsible for planning and implementing relevant business strategies, based on local needs and overseeing in-country sales efforts.
"Symantec`s new combined team is committed to 'business as usual` with its customers, partners and channel members. I will be working closely with the teams across the vertical segments and divisions to develop business across the region. This is a case of the sum of all parts being greater than the whole, as both teams bring a strong legacy of accounts and customers to the new Symantec, as well as a breadth of experience across the information integrity space," Evans commented in a statement.
Symantec assured South African customers and partners that business activities will continue as normal and that they should continue to contact the team members they are accustomed to dealing with.
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