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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 17, 1999
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VERITAS SOFTWARE CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 000-26247 77-0507675
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1600 Plymouth Street
Mountain View, California 94043
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(Address of principal executive offices including Zip Code)
Registrant's telephone number, including area code: (650) 335-8000
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Item 5: Other Events
On August 17, 1999, VERITAS Software Corporation announced that it has
acquired the assets of NuView, Inc. The press release is attached to this
Current Report as Exhibit 99.1 and is incorporated herein by this reference.
Item 7: Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated August 17, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: August 20, 1999
VERITAS SOFTWARE CORPORATION
By: /s/ Jay A. Jones
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Jay A. Jones
Senior Vice President, Chief
Administrative Officer & Secretary
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EXHIBIT INDEX
99.1 Press release of the Company dated August 17, 1999.
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EXHIBIT 99.1
For Immediate Release
VERITAS Software Acquires ClusterX(R) to Provide High Availability Solutions for
Enterprises and Internet Business
Strategic Acquisition Expands VERITAS Software's High Availability
Solutions For Enterprises and Internet Businesses Deploying
Microsoft Cluster Server (MSCS) Environments
MOUNTAIN VIEW, Calif. - August 17, 1999 - VERITAS(R) Software Corporation
(Nasdaq:VRTS), the industry's leading enterprise-class application storage
management software provider, today announced that it has acquired the assets of
NuView, Inc., including its industry-leading Windows NT cluster management
solution, ClusterX. This acquisition furthers VERITAS Software's leading
position in high availability storage management and continues its strategic
long-term direction toward the delivery of heterogeneous and distributed
availability solutions for enterprise environments and Internet businesses.
"NuView's ClusterX technology is a strategic addition to our portfolio of high
availability technology," said Mark Leslie, chairman, president and chief
executive officer of VERITAS Software. "Increased demand for information
availability - specifically in high-volume NT installations like Internet
businesses - is driving the need for powerful solutions that can ensure business
without interruption. ClusterX, together with VERITAS Cluster Servera , extends
our enterprise clustering leadership and gives customers the dynamic,
heterogeneous solutions they require to manage system availability in simple or
complex environments."
"NuView ClusterX, in combination with VERITAS Software's leading storage
management products, provides customers with a total solution for providing
non-stop operations," said Rahul Mehta, chief executive officer and president of
NuView, Inc. "The combination of products will enable VERITAS Software to
provide customers with an integrated and centrally managed high availability
solution for business critical applications."
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The ClusterX acquisition positions VERITAS Software as the leading independent
software vendor (ISV) of high availability management software for Windows NT
and furthers VERITAS Software's leadership in heterogeneous and distributed
solutions for the management of enterprise storage. As the first and only
solution to integrate the management of both Microsoft Cluster Server (MSCS) and
Windows NT Load Balancing Service (WLBS), ClusterX extends VERITAS Software's
ability to manage all clustered NT servers, from Web servers to back-end
application servers. The product increases the manageability and availability of
clustered servers running Microsoft Windows NT Server 4.0 Enterprise Edition,
and Windows 2000 Data Center Edition (when available), and has been architected
to support other cluster technologies. ClusterX can be deployed with VERITAS
Cluster Server to enable enterprises to centrally manage the availability of
their critical, heterogeneous Solaris, HP-UX and Windows NT environments.
"ClusterX has helped reduce the management complexity and improve the system
availability of our clustered PowerEdge server and PowerVault storage
solutions," said Bob Van Steenberg, vice president and general manager of Dell's
Enterprise Server Products. "We look forward to extending our strategic
relationship with VERITAS Software, which now will include ClusterX, and working
with them to deliver the system performance, data availability and ease of
management our enterprise customers want."
"ClusterX fills a critical gap in an organization's efforts to deploy clustered
solutions for high availability," said Harvey J. Hindin, vice president, High
Availability Services, D.H. Brown Associates. "Together, ClusterX and VERITAS
Software's high availability products make a powerful solution to manage the
explosive need for high availability in the Internet marketplace."
VERITAS Software initially intends to market ClusterX directly via its OEM and
end user sales force and through its worldwide network of Team VERITAS value
added resellers. VERITAS Software will also continue to leverage the deep
strategic partnerships NuView developed for ClusterX with Dell, Data General,
Microsoft and Unisys. Integration plans for the ClusterX product and VERITAS
Software's VERITAS Cluster Server solutions will be released later this year.
In addition to NuView's ClusterX technology, approximately 22 NuView employees
will join VERITAS Software and establish a new Houston-based research &
development office for the Company.
The transaction's consideration included both the Company's common stock and
cash, and will be accounted for using purchase accounting. The Company expects
the acquisition to be non-dilutive to pro forma earnings, excluding one-time
charges and purchase accounting amortization. Specific terms of the acquisition
were not announced.
About VERITAS Software
For enterprise customers who demand the continuous availability of business
critical information, VERITAS Software Corporation (Nasdaq:VRTS), the industry's
leading
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enterprise-class application storage management software provider,
ensures information availability from business-critical applications by
delivering integrated, cross-platform storage management software solutions. The
Company's products enable Business Without Interruption(TM) and are designed to
protect, access and manage business-critical application information. VERITAS
Software products are delivered through a global end user sales force and a
worldwide network of enterprise VARs, resellers and OEM partners. The Company's
corporate headquarters is located at 1600 Plymouth Street, Mountain View, CA
94043. Telephone: (650) 335-8000. Fax: (650) 335-8050. Email:
[email protected]. WWW site: http://www.veritas.com/.
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For Further Information Contact:
Erin Jones, Public Relations Director, VERITAS Software (805) 783-4528,
[email protected]
Dave Galiotto, Vice President Finance/Investor Relations, VERITAS Software,
(650) 318-4047, [email protected]
This press release may include estimates and forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and 21E of the
Securities and Exchange Act of 1934. These forward-looking statements involve
risks and uncertainties, including the risks of acquisition integration
problems, difficulties with strategic relations, the timely development of
products, lack of market acceptance of products and VERITAS' inability to
distribute products appropriately, that could cause actual results to differ
materially from such forward-looking statements. For more information regarding
potential risks see the "Risk Factors" section of our most recent reports on
Form 10-K and Form 10-Q on file with the SEC.
VERITAS is a registered trademark of VERITAS Software Corporation in the US and
other countries. ClusterX, VERITAS Cluster Server and the VERITAS logo are
trademarks of VERITAS Software Corporation in the US and other countries. Other
product names mentioned herein may be trademarks and/or registered trademarks of
their respective companies.
