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VERITAS Acquires Invio Software

  • 15 July, 2004 13:02

<p>For Immediate Release</p>
<p>VERITAS Acquires Invio Software</p>
<p>Technology helps to enable standardization and automation of IT service delivery</p>
<p>MOUNTAIN VIEW, Calif. – July 15, 2004 – VERITAS Software Corporation (Nasdaq: VRTS) today announced it has acquired Invio Software, Inc., a privately-held, Los Altos, California-based supplier of IT process automation technology, in an all-cash transaction valued at US$35 million.</p>
<p>Invio’s highly-customizable process automation engine, which is already an integral component of VERITAS CommandCentral™ Service 4.0, extends the capability of VERITAS’ software products that enable utility computing by offering customers a tool for standardizing and automating IT service delivery in key areas such as storage provisioning, server provisioning and data protection.</p>
<p>With an intuitive, “point-and-click” interface, Invio’s technology allows IT managers to select from a broad range of out-of-the box process templates and customize them to define, manage and automate IT processes for their organization. Workflows can be used to define rules for application and infrastructure requirements, such as ensuring that database provisioning always uses a consistent underlying storage configuration. Services can then be incrementally extended and evolved—according to best practices and company policies—to continually adapt and align IT services with the evolving needs of the business.</p>
<p>“IT organizations are faced today with inconsistent processes and siloed organizations – creating barriers to efficiency. Process automation technology empowers IT organizations to simplify and standardize the way they manage and deliver IT services, enabling them to more effectively define and manage the cost of services while reducing the chance of manual error and driving down expenses,” said Jamie Gruener, senior analyst, The Yankee Group. “Utility computing is all about consistent and automated service delivery and Invio’s technology is a powerful extension to VERITAS’ portfolio. This is a real win for customers and puts the other storage management competitors on notice.”</p>
<p>Using the process automation engine within CommandCentral Service software, users can create and automate IT processes by linking together the capabilities of VERITAS OpForce™, CommandCentral Storage, Storage Foundation™ and NetBackup™ software products, connecting people and systems into consistent service delivery processes that are aligned with business requirements. As with all VERITAS software, the process automation technology is open, enabling it to integrate with other IT systems management products, such as third-party automation and provisioning solutions as well as help desk and ticketing systems. The integrated process automation capabilities have already earned accolades from VERITAS CommandCentral 4.0 customers and partners.</p>
<p>“IT professionals are continuously challenged by corporate mandates to deliver higher quality service levels at a lower cost,” said Sean Garvey, president and CEO, NovusCG. “The seamless integration of the Invio process automation engine as part of VERITAS CommandCentral Service software provides a powerful tool to automate complex, repetitive tasks within the context of flexible IT workflow definitions. Properly implemented, this can have a massive impact on the quality and efficiency of service delivery. We are currently engaged with several clients who are implementing this technology for both storage and server provisioning.”</p>
<p>“Enabling the delivery of IT as a clearly defined and measurable service is fundamental to enabling utility computing because it is central to understanding both the value and the cost of supplying technology resources to users,” said Mark Bregman, executive vice president of product operations, VERITAS Software. “Invio’s process automation technology adds another strategic capability to the VERITAS utility computing portfolio, helping IT organizations to dynamically deliver services that are measurable, accountable and aligned with business needs.”</p>
<p>About VERITAS Software
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, minimizing hardware and labor costs. With 2003 revenues of $1.75 billion, VERITAS delivers products for data protection, storage &amp; server management, high availability and application performance management that are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com.</p>
<p># # #</p>
<p>Press Contacts:
Narelle Wilson, General Manager Marketing, Australia and New Zealand, VERITAS Software
(61 2) 8220 7000, narelle.wilson@veritas.com</p>
<p>Fiona Martin, Account Director, Max Australia
(61 2) 9954 3492, fiona.martin@maxaustralia.com.au</p>
<p>This press release may include estimates and forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties, including the risk that we will not maintain market acceptance of our products and services, the risk that we will not achieve market acceptance of new products and services, the risk that we will not successfully integrate acquired technologies into current or future products and the risk that we will not be able to maintain or increase the quality of our end-user customer and partnering relationships that could cause the actual results we achieve to differ materially from such forward-looking statements. For more information regarding potential risks, see the “Factors that May Affect Future Results” section of our most recent report on Form 10-K and Form 10-Q on file with the SEC. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.</p>
<p>Copyright © 2004 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS Logo, CommandCentral, NetBackup, OpForce, and VERITAS Storage Foundation are trademarks or registered trademarks of VERITAS Software Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.</p>

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