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VERITAS Software maintains lead as world’s #1 supplier of Backup and Archiving Software, File System Software

  • 13 December, 2004 15:10

<p>For Immediate Release</p>
<p>VERITAS Software maintains lead as world’s #1 supplier of Backup and Archiving Software, File System Software</p>
<p>VERITAS remains leading independent supplier of storage software</p>
<p>MOUNTAIN VIEW, Calif. – December 13, 2004 – VERITAS Software Corporation (Nasdaq: VRTS) announced today that it maintained its position as the world’s No. 1 supplier of backup and archiving software and file system software in the third quarter of 2004, according to the latest IDC Worldwide Quarterly Storage Software Tracker. When companies are selecting software to protect, manage and migrate their data, they overwhelmingly chose VERITAS Software products. This is shown in the market share information released by IDC where VERITAS leads with 40.4 percent revenue share in backup and archiving storage software, versus 19.1 percent for its nearest competitor (Computer Associates) and 11.8 percent for the company ranked third (EMC).</p>
<p>The report also demonstrated VERITAS’ clear leadership in the file system software market, where the company commands 60 percent revenue share, compared to 0.5 percent for its nearest competitor (Sun Microsystems) tracked by IDC. VERITAS’ continued momentum in its core data protection and storage management categories complement the adoption of its software in the emerging storage resource management (SRM) and storage replication markets. Although the IDC report does not track application performance management or server provisioning, two other emerging technology areas key to the company’s utility computing strategy, VERITAS held the highest overall storage software market share of any non-hardware based company in the IDC study.</p>
<p>“The latest IDC report validates the continued trust and confidence customers place in VERITAS to help ensure that their data is well protected and managed and that they can, continue to drive cost and complexity out of the datacentre,” said Mark Bregman, chief technology officer, VERITAS Software. “VERITAS is in a unique position in the industry to offer its customers a broad range of heterogeneous software solutions that span from small and growing businesses to Fortune 500 enterprises, regardless of whether the customer is looking for simple, reliable backup or is evolving a global enterprise toward a utility computing model.”</p>
<p>About VERITAS Software
VERITAS Software, one of the 10 largest software companies in the world, is a leading provider of software and services 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 and services 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 gain market acceptance of our products and services, the risk that we will not be able to maintain the quality of our end-user customer and partnering relationships and the risk that we will not manage our business effectively, 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 annual and quarterly report 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 and the VERITAS 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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