New study also confirms VERITAS increased market share leadership in core storage management and backup markets in 2004
SAN FRANCISCO -- VERITAS VISION 2005 - April 25, 2005 - VERITAS Software Corporation (Nasdaq: VRTS) announced today its continued leadership in the non-array-based storage management software market, continuing its double-digit lead over the next closest competitor in 2004 based on new license revenue. According to a new market research report from analyst firm Gartner, VERITAS led the $3.78 billion non-array/switch-based software market with 27.5 percent of market revenues in 2004. The report also confirms that VERITAS increased its leadership in two segments of the market, core storage management and backup and recovery software. VERITAS also achieved strong growth in the archiving, replication and storage resource management markets.
In addition to its leadership in the overall non-array-based storage software market, VERITAS has retained its leadership or shown significant growth in the following segments:
Core Storage Management:
- VERITAS was No.1 in the core storage management category in 2004, with 31.5 percent market share based on new license revenue of a broad product category that includes file systems, volume management, disk utilities, access and path management software.
Backup and Recovery:
- VERITAS increased its market share leadership in the overall data protection market, even as its 8.2 percent year-over-year growth outpaced the industry average of 5.6 percent growth. VERITAS NetBackup and Backup Exec software constituted 46 percent of the 2004 worldwide market for backup and recovery on distributed platforms, a Gartner definition for all operating systems outside of mainframes.
Archiving, Replication and Storage Resource Management:
- VERITAS also showed strong growth in several key emerging markets, including hierarchical storage management (HSM) and archiving, replication and storage resource management market segments. VERITAS HSM and archiving software license revenues grew 75 percent from 2003 to 2004; replication grew 16 percent, while storage resource management software grew nearly 69 percent in the same timeframe.
About VERITAS Software
VERITAS Software, one of the 10 largest software companies in the world, is a leading provider of software and services to enable utility computing. In a utility computing model, IT resources are aligned with business needs, and business applications are delivered with optimal performance and availability on top of shared computing infrastructure, minimizing hardware and labor costs. With 2004 revenue of $2.04 billion, VERITAS delivers products and services for data protection, storage & server management, high availability and application performance management that are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com
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 gain market acceptance of our products and services, the risk that we will not be able to maintain the quality of our end-user customer and partnering relationships and the risk that we will not 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 annual and quarterly report on file with the SEC. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.
Copyright 2005 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS Logo, Backup Exec, NetBackup, and VERITAS VISION are trademarks or registered trademarks of VERITAS Software Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.