By Dave Simpson
With the completion of its acquisition of Precise Software earlier this summer and the release of the first products from its acquisition of Jareva Technologies (see "Veritas expands beyond storage," InfoStor, July 2003, p. 8), Veritas is pushing beyond its storage-centric roots and into more direct competition with Computer Associates, IBM/ Tivoli, and EMC.
According to Kris Hagerman, executive vice president of strategic operations, Veritas has already completed interoperability testing between the Precise product line and solutions such as Veritas' backup/recovery, volume manager, and clustering software, as well as with the OpForce server provisioning software (which Veritas acquired from Jareva).
The company is now in the process of actually integrating Precise's products with Veritas' software, which is expected to be completed some time in the first half of next year, according to Hagerman. Details on the integration of the two companies' products are expected in late September or early October, but analysts expect the two SRM product lines to be first on the integration priority list.
Precise's products fall primarily into the software categories of storage resource management (SRM) and application performance management (APM), a combo that other vendors such as CA, Hewlett-Packard, IBM/Tivoli, and EMC already have.
One example of the potential synergies between the Veritas and Precise products, says Hagerman, is to integrate Precise APM software with OpForce server provisioning software and Veritas' clustering software. Veritas demonstrated this combo at its Vision user conference earlier this year.
Precise, via its acquisition of W. Quinn, was a long-time player in the SRM market. Hagerman says that Veritas will integrate Precise's Windows-compatible SRM software with its own SRM software. Precise claims more than 6,000 customers for its StorageCentral SRM software.
Veritas inked a reseller deal with CDW and Dell to distribute the StorageCentral software.
Precise's i3 APM software has been renamed Veritas i3, and Precise StorageCentral is now Veritas StorageCentral. APM software proactively detects application performance problems, identifies the root cause of problems, and helps correct them. Market analysts expect the APM market to approach $5 billion by 2006.
Veritas' acquisition of Precise was valued at approximately $609 million (about $400 million in cash and 7.4 million shares of Veritas stock). Veritas CEO Gary Bloom estimated that the Precise products will bring in between $45 million and $55 million in both Q3 and Q4.