VERITAS remains leading independent supplier of storage software.
VERITAS Software Corporation (Nasdaq: VRTS) announced today that it maintained its position as the world’s No. 1 supplier of backup/archiving and file system software through the first quarter of 2005, according to the latest IDC Worldwide Quarterly Storage Software Tracker. Customers around the world continue to select VERITAS Software to protect, recover, manage and archive their data, which is underscored by the latest market share results released by IDC. VERITAS has maintained its leadership position in the backup and archive storage software market for ten consecutive quarters with 41.6 percent revenue share, compared to 13.5 percent for its nearest competitor (EMC) for the first quarter of 2005.
The report from IDC also presented VERITAS' historical leadership in the file system software market, where VERITAS Software commands 36.6 percent revenue share. In addition, VERITAS continues to see increased adoption of its storage resource management (SRM) and replication software, two market segments also reflected in the latest IDC report.
"IDC's report confirms the reliance and confidence our customers place in VERITAS to help ensure their data is well protected and effectively managed so they can continue to achieve their business goals," said Mark Bregman, chief technology officer, VERITAS Software. "Our continued growth is fueled by our ability to offer customers of all sizes an assortment of heterogeneous software solutions to reduce costs and complexity and mitigate risk."
As in quarters past, VERITAS Software held the highest overall storage software market share of any non-hardware based company in the IDC study.
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.
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