VERITAS highlights another successful year and recognizes customers for their visionary use of the company's software
SAN FRANCISCO -- VERITAS VISION 2005 - April 25, 2005 - VERITAS Software Corporation (Nasdaq: VRTS) chairman, president and CEO Gary Bloom today opened the company's eighth annual user conference, VERITAS VISION 2005 and highlighted key milestones of the past year in which the company celebrated its 15th anniversary, surpassed $2 billion in revenue and extended its position as the worldwide leading independent company in storage software. In addition, Bloom highlighted the broad portfolio of products VERITAS has delivered in the past year, enabling utility computing through availability, performance, and automation. The company also recognized a select group of global customers with VERITAS "VISIONARY" awards to recognize their exemplary use of VERITAS technology to achieve quantifiable business results.
"Customers continue to embrace our vision and strategy for enabling utility computing, a model for computing that lowers the costs associated with acquiring and managing IT assets, reduces the complexity of managing heterogeneous IT environments and enables customers to manage risk and meet compliance requirements," said Bloom. "With a proven track record for software excellence spanning more than 15 years, VERITAS Software is uniquely positioned to help customers unlock innovation, enhance the resiliency of their IT infrastructure and align IT closely with the changing needs of their business."
VERITAS VISIONARY Awards This year marked the second annual VERITAS VISIONARY Awards, which recognize customers' innovative use of VERITAS software to increase IT efficiency, reduce cost and increase the performance and availability of critical IT systems. The 2005 VISIONARY award recipients include Banco Santander, Carnival Cruise Lines, Children’s Hospital of Atlanta, Credit Suisse Group, Hyundai Department Store, NTT Japan and Raymond James Financial. Selected by a committee of VERITAS executives and technologists, the 2005 VISIONARY award winners represent a broad range of industries, global markets and geographic locations (see related press release, issued today).
On Tuesday, April 26, VERITAS plans to make significant announcements at the VERITAS VISION conference in the areas of data protection, customer success, and strategic partnerships in a press conference scheduled to begin at 8:00 AM PST. Additional information will be accessible at the following URL: http://www.veritas.com/vision/presskit.html
Executive Keynotes at VERITAS VISION 2005 include: Monday, April 25
Gary Bloom, chairman, president and CEO, VERITAS, will present "Destination: Utility" at 8:30 a.m. PDT. Bloom will provide a business update, updates on customer progression toward utility computing and a look into future solutions that will tie information security and information availability together through the proposed merger with Symantec.
Jonathan Schwartz, president and chief operating officer, Sun Microsystems, will present Sun Microsystems vision for "Culture, IT and Opportunity -- The Future of Secure Utility Computing" at 2:15 p.m. PDT.
Tuesday, April 26
Daniel Warmenhoven, chief executive officer, Network Appliance, will explore the technology trends driving newer, simpler, and more cost-effective solutions and to provide insight into when customers should adopt new technology in "Destination: Enterprise Data Management" at 9:30 a.m. PDT.
Mark Bregman, chief technology officer, VERITAS, will present "Destination: Storage and Server Management" at 1:30 p.m. PDT.
Jeremy Burton, executive vice president, VERITAS, will present "Ultimate Makeover: Data Management Edition", the extreme makeover of JoeCIO's data management infrastructure, at 5 p.m. PDT.
Wednesday, April 27
John Thompson, chairman and CEO, Symantec, will provide insight into information security and offer a glimpse into "The Next Destination" for the combined company following closing of the merger as it integrates information security with information availability at 9:15 a.m. PDT.
Rick Belluzzo, chairman and CEO, Quantum, will present "Supporting the Business: The Evolving Data Protection Imperative", covering data protection trends and the opportunities and challenges they present to IT professionals at 10 a.m. PDT.
Mark Bregman, chief technology officer, VERITAS, will present "Destination: Application Management", demonstrating VERITAS' Application and Service Management software that helps reduce cost and risk in the IT infrastructure at 1:30 p.m. PDT.
VERITAS VISION 2005 VERITAS VISION 2005 is a leading IT conference that brings together thousands of IT professionals from around the world to evaluate the latest storage and server management, data protection and application service management solutions. Attendees share and discuss best practices with peers, learn tips and tricks from the leading minds in technology and come away with a well-designed strategy to implement utility computing across their enterprises.
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, 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.