VERITAS SOFTWARE CORP /DE/
8-K, 2000-05-18
PREPACKAGED SOFTWARE
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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) May 10, 2000

                         ------------------------------

                          VERITAS SOFTWARE CORPORATION
        ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                   <C>                    <C>
          Delaware                     000-26247                 77-0507675
- ----------------------------          ------------           -------------------
(State or other jurisdiction          (Commission             (I.R.S. Employer
      of incorporation)               File Number)           Identification No.)
</TABLE>


                              1600 Plymouth Street
                         Mountain View, California 94043
            --------------------------------------------------------
           (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

     Increase in Number of Authorized Shares. On May 10, 2000, our stockholders
approved an amendment to our Restated Certificate of Incorporation to increase
the number of shares of common stock that we are authorized to issue from 500
million to 2 billion. The amendment became effective May 10, 2000.

     IBM Business Transaction. On May 16, 2000, we announced a business
agreement with IBM in support of AIX/Monterey. As part of the agreement, we will
be porting and optimizing our complete set of storage management solutions,
including VERITAS Volume Manager and VERITAS File System, to AIX/Monterey for
IBM POWER and Intel IA-64 processor-based systems. AIX/Monterey is a code name
that refers to both AIX for the IBM POWER processors as well as the future
delivery of the UNIX operating system for Intel's IA-64 Itanium processor-based
systems.

Item 7: Financial Statements and Exhibits.

        (c)     Exhibits

        99.1    Press release dated May 16, 2000.


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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: May 17, 2000

                                   VERITAS SOFTWARE CORPORATION

                                   By: /s/ JAY A. JONES
                                       --------------------------
                                       Jay A. Jones
                                       Senior Vice President,
                                       Chief Administrative Officer & Secretary


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                                  EXHIBIT INDEX

99.1    Press release of the registrant dated May 16, 2000.




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                                                                    EXHIBIT 99.1

Tuesday May 16, 4:10 pm Eastern Time

Company Press Release

VERITAS Software Signs Agreement with IBM to
Deliver Storage Management Solutions for
AIX/Monterey

Agreement Calls for VERITAS Software to Port VERITAS Volume Manager and VERITAS
File System to AIX/Monterey and Offer Storage Management Products for
AIX/Monterey Customers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 16, 2000-- VERITAS(R) Software
Corporation (Nasdaq:VRTS - news), the industry's leading enterprise-class
application storage management software provider, today announced a business
agreement with IBM in support of AIX/Monterey(1). As part of the agreement,
VERITAS Software will be porting and optimizing its complete set of storage
management solutions, including VERITAS Volume Manager(TM) and VERITAS File
System(TM), to AIX/Monterey for IBM POWER and Intel IA-64 processor-based
systems.

"The availability of VERITAS Software solutions for AIX/Monterey will offer our
customers choices in storage management to help them maintain the availability
of critical data," said Ross Mauri, vice president, UNIX Software, Enterprise
Systems Group, IBM Corporation. "The addition of these solutions will enhance
the set of AIX/Monterey offerings as the industry's premier UNIX platform."

"AIX/Monterey is a significant force in the enterprise computing market," said
Peter Levine, executive vice president of worldwide strategic operations,
VERITAS Software. "The implementation of VERITAS Software solutions on
AIX/Monterey is a noteworthy move as we continue to build our storage management
solutions support for heterogeneous enterprise environments. This agreement
between IBM and VERITAS Software allows customers to benefit from VERITAS
Software's robust set of technology that will enhance the performance and
reliability of IBM AIX/Monterey environments."

Further details on this business agreement will be disclosed at a later date.

About VERITAS Volume Manager and VERITAS File System

VERITAS Software's volume management and file system solutions provide
continuous access to critical information and applications. VERITAS Volume
Manager(TM) and VERITAS File System(TM) provide protection from storage device
failure through automated fault management, journaling for faster recovery from
system failures, and online reconfiguration tools for uninterrupted access to
online storage. Unplanned



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downtime from system failures and planned downtime from system reconfiguration
are minimized. VERITAS Software's volume and file management software
accelerates application performance and increases application scalability by
optimizing storage resource utilization, while its online storage management
solutions simplify the complex task of administering storage and return users'
focus to their applications and businesses.

About VERITAS Software

For enterprise customers that demand the continuous availability of
business-critical information, VERITAS Software Corporation (Nasdaq:VRTS -
news), an industry leading enterprise-class application storage management
software provider, helps to ensure information availability from
business-critical applications by delivering integrated cross-platform storage
management software solutions. The Company's products enable Business Without
Interruption and are designed to protect, access and manage business-critical
application information. VERITAS Software products are delivered through a
worldwide direct sales force and a network of resellers and OEM partners in
North America, Europe, Asia-Pacific and Japan. 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/.

(1) AIX/Monterey is a code name that refers to both AIX for the IBM POWER
processors as well as the future delivery of the UNIX operating system for
Intel's IA-64 Itanium processor-based systems.

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 a
number of risks and uncertainties, including the timely development and market
acceptance of VERITAS Software's products and VERITAS Software's ability to
appropriately distribute its products, that could cause actual results it
achieves to differ materially from such forward-looking statements. For more
information regarding potential risks, see the sections titled "Factors That May
Affect Our Future Results" of VERITAS Software's most recent reports on Form
10-K and Form 10-Q on file with the SEC.

Note to Editors: AIX is a registered trademark of IBM Corporation. UNIX is a
registered trademark of the Open Group.

VERITAS is a registered trademark of VERITAS Software Corporation in the US and
other countries. The VERITAS logo, Business Without Interruption, VERITAS File
System and VERITAS Volume Manager 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. Other
product names mentioned herein may be trademarks and/or registered trademarks of
their respective companies.

Contact:

     VERITAS Software
     Erin Jones, 805/783-4528 (PR Director)
     [email protected]
     Martha Blackwell, 805/782-4175 (PR)
     [email protected]
     Dave Galiotto, 650/318-4047 (IR)
     [email protected]


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