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VERITAS Positioned in Leaders Quadrant for E-mail Archiving

MOUNTAIN VIEW, Calif. - May 10, 2005 - VERITAS Software Corporation (Nasdaq: VRTS) today announced that it has been positioned in the Leaders Quadrant of Gartner's Magic Quadrant for E-mail Active-Archiving, 2005. (1) VERITAS' Enterprise VaultTM e-mail and content archiving software enables companies and government agencies to protect critical records, improve employee productivity and achieve compliance with industry and government regulations and laws requiring the retention and supervision of e-mails.
According to the Gartner report, vendors included in the Magic Quadrant are measured on completeness of vision and ability to execute, and are required to provide Gartner with at least five reference customers using the product in production. The vendors are then positioned into one of the four quadrants: Leaders, Visionaries, Challengers and Niche Players. According to Gartner, Leaders are vendors who are performing well today, have a clear market direction and are actively building competencies to sustain their leadership position.
VERITAS added Enterprise Vault software to its product line when it acquired KVS Inc. in September 2004. VERITAS recently announced the upcoming release of Enterprise Vault 6.0, the first new version under the VERITAS name. Scheduled for a July 2005 release, Enterprise Vault 6.0 will be available to Lotus Domino/Notes messaging system users for the first time, providing coverage for the leading e-mail systems when combined with its longstanding support of Microsoft Exchange. Enterprise Vault 6.0 will also enable organizations to archive other forms of electronic documents and records including instant messages, Microsoft Windows and Network Appliance file systems and Microsoft SharePoint documents. The Gartner report cites mailbox management and the need to comply with laws and regulations that directly or indirectly require the retention and supervision of e-mails as the primary factors driving the rapid growth of the e-mail archiving market.
"Enterprise Vault is the leading content archiving software in the Exchange user market with more than 1,200 customer installations worldwide to date managing over 2.4 million mailboxes as of the close of 2004," said Jeremy Burton, executive vice president, data management group, VERITAS Software. "By adding support for Lotus Domino/Notes, we will be able to address the archiving needs of more than 90 percent of the worl's leading corporate messaging systems. Including support for other types of documents and messages, such as Microsoft SharePoint and instant messages, will enable our customers to more effectively manage their growing records stores, and help ensure full compliance with electronic document retention and supervision regulations."

Magic Quadrant Disclaimer

The Magic Quadrant is copyrighted April 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

For More Information Contact:

Andrew Ryan , Corporate Communications , VERITAS Software
(954) 434-1552 , andrew.ryan@veritas.com

Mary Ann Gallo , Corporate Communications , Edelman Public Relations for VERITAS Software
(650) 429-2727 , maryann.gallo@edelman.com

Marilyn Mora , Investor Relations , VERITAS Software
(650) 527-3343 , marilyn.mora@veritas.com
Copyright © 2005 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS Logo, and Enterprise Vault 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.

(1) Magic Quadrant for E-mail Active-Archiving, 2005; Carolyn DiCenzo and Kenneth Chin; April 4, 2005

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.