Veritas Unveils New Portfolio to Tackle Unchecked Data Growth and Fragmented Storage

New information management and governance solutions designed to help customers harness the power of information across on-premises and cloud platforms

MOUNTAIN VIEW, Calif.--()--Veritas, Symantec’s (Nasdaq:SYMC) information management business, today announced new offerings for rapidly evolving enterprise datacenters, as well as significant upgrades to its core portfolio of backup and information management products.

“Our customers find themselves at the crossroads of an information explosion and a fundamental shift in the way infrastructure is delivered,” said Matt Cain, Executive Vice President and Chief Product Officer for Veritas. “To make sense of tremendous volumes of data, we know that traditional infrastructure-centric approaches alone no longer work. These new offerings will help our customers realize information availability while gathering the insight critical to supporting their business goals.”

This set of product enhancements and new solutions showcases a fundamentally different approach to delivering data and services across multiple cloud environments. Enhancements to current products enable simpler management in hybrid cloud infrastructures and extended protection for VMware and Microsoft virtual environments. Veritas is also introducing new products that enable businesses to delve deep into their data stores to recognize and prioritize information across their organizations.

Veritas brings together a unique combination of experience in application availability and storage management on premises and in the cloud. Veritas also offers management tools that help companies find the estimated 1.5 percent of truly valuable data in their organization to glean information, regardless of underlying infrastructure models.

“There are several driving forces impacting a company’s ability to take advantage of its data today. Businesses and individuals are creating more data than ever – and IT organizations are struggling to manage the increasing scope and size of their data storage needs,” said Laura DuBois, Program Vice President, Storage and GRC Infrastructure, IDC. “Veritas is well positioned to help companies tap into their data to gain more value, as well as ensure the availability and recovery necessary in today’s ever-changing business marketplace.”

“The planned separation of Veritas from Symantec is an important milestone for the industry. As many IT environments struggle to achieve better data protection, data preservation, high availability and storage management, Veritas’s vision of information availability and insights promises a full suite of solutions and services that companies should look to from storage infrastructure to insight. It will be extremely exciting to watch Veritas build on its data protection and data management pedigree with new storage insights and intelligence that align with tomorrow’s IT challenges,” said Jason Buffington, Sr. Analyst on Data Protection, Enterprise Strategy Group.

Key product updates and new releases include:

Veritas NetBackupTM 7.7, the latest iteration of Symantec’s industry-leading, enterprise-grade backup solution adds new functionality and increased performance to support the largest, most dynamic enterprise environments. NetBackup 7.7 introduces enhanced datacenter integration for VMware vSphere 6 and Microsoft Hyper-V, as well as support for hybrid-cloud deployments leveraging Amazon Web Services, Google Nearline and many more. Cloud performance has also been improved and is up to thirty times faster than previous versions. A single solution for the entire enterprise, NetBackup 7.7 empowers IT organizations to reduce complexity and outpace relentless datacenter growth. Find more information here: NetBackup 7.7 press release.

Veritas InfoScale™ addresses enterprise business continuity needs for complex, multi-tiered applications in physical and virtual environments. InfoScale solutions provide application availability and software-defined storage to meet datacenter challenges such as operational complexity, tool proliferation, unpredictable service levels and lack of agility through a single, web-based management interface. InfoScale is available via a new, streamlined purchasing model. For more information click here.

Veritas Resiliency Platform offers a unified, global approach for IT service continuity, helping to ensure critical data and applications remain accessible at all times across complex, multi-vendor physical and virtual environments. Available now, the Resiliency Platform helps customers ensure critical business applications consistently meet stringent Service Level Agreements. The solution brings visibility, simplicity and automation to service continuity, restoring predictability across enterprise IT business services. For more information click here.

Veritas™ Data Insight 5.0 will extend unstructured data analytics to support governance across on-premises storage platforms and Box cloud storage. Through enhanced access control tracking and entitlements orchestration, Data Insight will help ensure file share security. By applying a user-centric lens to data forensics, Data Insight offers business users the ability to monitor anomalous user activity and behavior. Coming later this summer, Data Insight version 5.0 will continue to expand the application of data analytics to facilitate retention management, achieve access compliance, and gain a better understanding of how user risk relates to data sensitivity. For more information click here.

Veritas™ Information Map is the first cloud application built on the Information Fabric technology that will enable companies to gain better visibility into their unstructured data. Information Map will easily glean metadata from Veritas NetBackup™, store it in the cloud and present this data in a user-friendly, visual navigation tool that helps identify areas of risk, areas of value and areas of waste across a customer’s primary content repositories. Coming later this summer, the Information Map will help businesses make decisions that reduce information risk and optimize information storage. For more information click here.

An operational separation of Veritas and Symantec is currently scheduled for October 2015, with the complete separation on track by January 2016. For more details on each product and solution, please visit: http://veritas.symantec.com/launch.

About Veritas Technologies Corporation

Veritas Technologies Corporation, the information management company that will emerge from the separation from Symantec, will enable organizations to harness the power of their information, with solutions designed to serve the world’s largest and most complex heterogeneous environments. The Veritas business works with 86 percent of Fortune 500 companies today, improving data availability and revealing insights to drive competitive advantage. Veritas generated $2.6 billion in revenue for Symantec in fiscal year 2015.

About Symantec

Symantec Corporation (NASDAQ:SYMC) is an information protection expert that helps people, businesses and governments seeking the freedom to unlock the opportunities technology brings — anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company's more than 19,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2015, it recorded revenues of $6.5 billion. To learn more go to www.symantec.com or connect with Symantec at: http://www.symantec.com/social/.

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Symantec, the Symantec logo, Checkmark logo, Veritas, NetBackup, and InfoScale are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

This press release contains statements regarding our strategic direction, which may be considered forward-looking within the meaning of the U.S. federal securities laws, including; statements with respect to the proposed timing of the separation. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include those related to: risks related to the separation of the company into the security business and the information management business, general economic conditions; maintaining customer and partner relationships; the anticipated growth of certain market segments, particularly with regard to security and information management; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; the timing and market acceptance of new product releases and upgrades; the successful development of new products, and the degree to which these products and businesses gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. We assume no obligation, and do not intend to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors sections of our Form 10-K for the year ended March 28, 2014.

Contacts

Symantec
Phil Nash, 805-550-0106
phil_nash@symantec.com
Kurt Mumma, 650-743-2458
kurt_mumma@symantec.com
or
Edelman for Veritas
Margaret Reeb, 206-664-7835
margaret.reeb@edelman.com

Release Summary

Veritas today announced new offerings for rapidly evolving enterprise datacenters, as well as significant upgrades to its core portfolio of backup and information management products.

Contacts

Symantec
Phil Nash, 805-550-0106
phil_nash@symantec.com
Kurt Mumma, 650-743-2458
kurt_mumma@symantec.com
or
Edelman for Veritas
Margaret Reeb, 206-664-7835
margaret.reeb@edelman.com