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Veritas Software Named to Deloitte Technology’s Fast 500 for Nine Consecutive Years

  • 20 October, 2003 09:33

<p>Recognition based on continued growth and leadership in storage software market</p>
<p>MOUNTAIN VIEW, Calif., October 20, 2003 - VERITAS Software (NASDAQ: VRTS), the leading storage software provider, today announced that it is the only recipient named to Deloitte Technology Fast 500 for nine consecutive years. The ninth annual Fast 500 ranks the fastest growing technology companies in North America, recognizing both established and emerging companies in software, biotechnology, computers, semiconductors and the Internet.</p>
<p>VERITAS has received top ratings annually since the Fast 500’s inception, based on its financial results. VERITAS Software, ranked among the top 10 software companies in the world, based on revenue and market capitalization, continues to lead the industry in storage software technology.</p>
<p>"Achieving a compounded annual growth rate of 41 percent over five years is an accomplishment, especially during a difficult period for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media &amp; Telecommunications Group. "The growth that VERITAS Software has experienced makes a strong statement about the quality of the company’s products and its leadership."</p>
<p>The 2003 Fast 500 is based on a company’s average percentage revenue growth from 1998 through 2002. To qualify for the Fast 500, companies must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively and 2002 operating revenues must be at least $1 million USD or CD.</p>
<p>“Our results are a testament to the strength of VERITAS’ business model, the value we provide to our customers and our vision to use software as the enabler for utility computing,” said Gary Bloom, chairman, president and CEO, VERITAS Software. “We will continue to execute on our strategic vision, offering best-in-class products and superior technology that enables our customers to leverage their existing resources to manage complex heterogeneous IT environments.”</p>
<p>About VERITAS Software
With revenues of $1.5 billion in 2002, VERITAS Software ranks among the top 10 software companies in the world. VERITAS Software is the world’s leading storage software company, providing data protection, storage management, high availability, application performance management, and disaster recovery software to 99 percent of the Fortune 500. VERITAS Software’s corporate headquarters is located at 350 Ellis Street, Mountain View, CA, 94043, telephone: 650-527-8000, fax: 650-527-8050, e-mail: vx-sales@veritas.com, Web site: www.veritas.com.</p>
<p>About Deloitte
Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for six consecutive years. “Deloitte” refers to Deloitte &amp; Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name “Deloitte,” “Deloitte &amp; Touche,” “Deloitte Touche Tohmatsu” or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte’s web site at www.deloitte.com/us.</p>
<p>Deloitte Technology, Media &amp; Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.</p>
<p># # #</p>
<p>Local contact:
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 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 © 2003 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS Logo, and all other VERITAS product names and slogans are trademarks of VERITAS Software Corporation. VERITAS and the VERITAS Logo Reg. U.S. Pat. &amp; Tm. Off. Other product names and/or slogans mentioned herein may be trademarks of their respective companies.</p>

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