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EXHIBIT 99.1
[VERITAS LETTERHEAD]
FOR IMMEDIATE RELEASE
VERITAS SOFTWARE NAMES GARY L. BLOOM
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Mark Leslie to Continue to Serve as Chairman
MOUNTAIN VIEW, CALIF. - NOVEMBER 17, 2000 - VERITAS Software Corporation
(Nasdaq: VRTS), The Data Availability Company, today announced that it has named
Gary L. Bloom as president and chief executive officer. Bloom joins VERITAS
Software from Oracle Corporation (Nasdaq: ORCL) where he served as executive
vice president. Mark Leslie, who has served as chairman and CEO of VERITAS
Software since 1990, will continue to serve as chairman of the board of
directors and will maintain a full-time active role in the business. Bloom will
also join the VERITAS Software board of directors.
A fourteen-year veteran of Oracle, Bloom assumed control of Oracle's core
database business and led the execution of Oracle's Internet and e-business
vision. Bloom also led Oracle's worldwide marketing, support, education and
alliance organizations, and was responsible for mergers and acquisitions, global
information technology and the Oracle Venture Fund. In addition, Bloom served as
the executive responsible for Oracle Business Online, OracleMobile.com, and
Oracle e-Travel where he was chairman of the board.
"Gary and I worked together for many years building the successful partnership
between Oracle and VERITAS Software. I can't think of a better person to entrust
the future of VERITAS," said Leslie. "Gary has demonstrated a unique ability to
build and lead large organizations. At Oracle, he touched virtually every aspect
of the business. I'm confident that Gary's leadership will invigorate the
VERITAS team as we continue to accelerate our growth."
"Oracle's partnership with VERITAS Software gave me a unique perspective into
their business," said Bloom. "I watched as they established a strategic position
in the market, and became a key technology supplier worldwide. I admire those
accomplishments and I am eager to join this impressive management team."
-more-
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VERITAS Software Names Gary L. Bloom President and CEO
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"Gary is joining a key Oracle partner. With Gary at VERITAS Software we expect
an already close relationship to grow even closer," said Larry Ellison, chairman
and CEO of Oracle Corporation. "We are very proud of Gary. He is a first rate
executive. During his fourteen year career at Oracle he did a wonderful job for
us, and I am certain that he will do a wonderful job for VERITAS Software."
A conference call featuring Leslie and Bloom will be held today, November 17,
2000 at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time, to discuss this
announcement. The toll-free dial-in number is: 800-530-8983 (Reservation
#17003412). The replay number for the call is: 800-633-8284/858-812-6440
(Reservation #17003412).
ABOUT VERITAS THE DATA AVAILABILITY COMPANY(TM)
VERITAS Software Corporation (Nasdaq:VRTS) provides essential data availability
software solutions that enable customers to protect and access their
business-critical data for Business Without Interruption(TM) VERITAS Software's
corporate headquarters is located at 900 Alta Avenue, Mountain View, CA 94043.
Telephone: (650) 527-8000. Fax: (650) 527-8050. Email: [email protected]. WWW
site: http://www.veritas.com/.
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FOR MORE INFORMATION CONTACT:
Erin Jones, Public Relations, VERITAS Software
(805) 783-4528, [email protected]
Dave Galiotto, Investor Relations, VERITAS Software
(650) 527-4047, [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 Exchange Act of 1934. These forward-looking statements involve a
number of risks and uncertainties, including the timely development and market
acceptance of our products and our ability to 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 reports
on Form 10-Q on file with the SEC.
Copyright (C) 2000 VERITAS Software Corporation. All Rights Reserved. VERITAS,
VERITAS SOFTWARE, the VERITAS logo, Business Without Interruption, and VERITAS
The Data Availability Company are trademarks or registered trademarks of VERITAS
Software Corporation in the US and/or other countries. Other product names
mentioned herein may be trademarks or registered trademarks of their respective
companies.
