CUPERTINO, Calif - July 5, 2005 -- Symantec Corp. (Nasdaq: SYMC) and VERITAS Software Corp. today announced the completion of their merger following approvals by both companies’ stockholders. The transaction was finalized on Saturday, July 2, 2005. As a result of the merger, shares of VERITAS stock were converted into the right to receive shares of Symantec stock, and VERITAS shares will no longer be traded.
By merging leaders in storage software and security software, Symantec will provide enterprise customers with a more effective way to secure and manage their most valuable asset, their information. Symantec can now deliver information security and availability solutions across all platforms and to customers of all sizes.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, including statements regarding the anticipated benefits of the merger, that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by these statements. Such risk factors include, among others, difficulties encountered in integrating merged businesses and the ability to successfully combine product offerings and customer acceptance of combined products. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec's most recently filed Forms 10-K and 10-Q. Symantec undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.