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Symantec (Deutschland) GmbH

Führende Softwareunternehmen Symantec und VERITAS Software wollen fusionieren
Verbindung soll Komplexität der Sicherung und des Managements von Informationen reduzieren

Cupertino, Kalifornien (USA)/Mountain View, Kalifornien (USA)

Symantec Corp. (Nasdaq: SYMC) und VERITAS Software Corp. (Nasdaq: VRTS) haben heute angekündigt, dass die Unternehmen einem definitiven Abkommen zu einer Fusionierung durch eine Aktientransaktion zugestimmt haben. Basierend auf dem Preis der Symantec-Aktie von 27,38 US-Dollar bei Marktschluss am 15. Dezember 2004 wird die Transaktion mit zirka 13,5 Milliarden US-Dollar bewertet.

The leader in storage software and the leader in security software
will provide enterprise customers with a more effective way to secure
and manage their most valuable asset, their information. The combined
company will be uniquely positioned to deliver information security
and availability solutions across all platforms, from the desktop to
the data center, from consumers and small businesses to large
organizations and service providers.
Under the agreement, which has been unanimously approved by both
boards of directors, VERITAS stock will be converted into Symantec
stock at a fixed exchange ratio of 1.1242 shares of Symantec common
stock for each outstanding share of VERITAS common stock.  Upon
closing, Symantec shareholders will own approximately 60 percent and
VERITAS shareholders approximately 40 percent of the combined
company.  The transaction is expected to be tax-free to shareholders
of both companies for U.S. federal income tax purposes.
The combined company will operate under the Symantec name.  John
W. Thompson, Chairman and Chief Executive Officer of Symantec, will
continue as Chairman and CEO of the combined company. Gary L. Bloom,
Chairman, President and Chief Executive Officer of VERITAS, will be
Vice-Chairman and President of the combined company. The board
directors of the combined company will include 6 members of
Symantec's current board and 4 from VERITAS' current board for a
total of 10 members.
"Customers are looking to reduce the complexity and cost of
managing their IT infrastructure and drive efficiency with fewer
suppliers," said John W. Thompson, Chairman and CEO, Symantec. "The
new Symantec will help customers balance the need to both secure
their information and make it available, thus ensuring its integrity.
 We believe that information integrity provides the most
cost-effective, responsive way to keep businesses up, running and
growing in the face of system failures, Internet threats or natural
"Our customers have told us that one of their most critical needs
is to enable 24x7 access to information.  At the same time, they must
maintain tight security, comply with all regulatory requirements and
operate within their existing budget constraints," said Gary L.
Bloom, Chairman, President and CEO of VERITAS Software. "Through our
unique portfolio of solutions, Symantec and VERITAS are best
positioned to address the ever-growing needs of our customers.  Based
on IDC data, the total market opportunity for the combined company
today is approximately $35 billion and is expected to grow to $56
billion by 2007."
By merging with VERITAS, Symantec will expand its combined revenue
base and create an entity with significantly greater financial scale
and resources.  The aggregate revenue of the combined company is
expected to be approximately $5 billion for fiscal year 2006, which
begins in April 2005 and ends in March 2006. Approximately 75 percent
of the revenue of the combined company is expected to come from the
enterprise business and 25 percent from the consumer business. In
addition, the combined company will have approximately $5 billion in
The combination will create significant benefits for the customers
and partners of both companies, including:
· Breadth - A broad range of leading security and storage
solutions at every tier of the enterprise - end point, gateway, and
application - across all platforms from a single vendor;
· Depth - Leading-edge technology combined with expertise to
architect, design, and manage security, storage, and IT
infrastructures; and
· Global Reach - Worldwide sales, service, and channel partner
organizations supporting millions of consumers, and small, medium,
and large enterprise customers.
The transaction is expected to close in the second calendar
quarter of 2005 and is subject to customary closing conditions,
including approval by the shareholders of both companies and
regulatory approvals. Non-GAAP earnings per share for this
transaction, which exclude the amortization of deal-related
intangibles, the write-down of VERITAS' deferred revenue,
restructuring charges, amortization of deferred compensation, and any
one-time costs associated with the merger, will be accretive in the
first combined year of operations as compared to the Thomson
Financial First Call mean estimate of $0.98 for Symantec in fiscal
year 2006.
Lehman Brothers acted as exclusive financial advisor to Symantec.
Fenwick & West LLP served as legal counsel to Symantec. Goldman Sachs
acted as exclusive financial advisor to VERITAS.  Simpson Thacher &
Bartlett LLP acted as legal counsel to VERITAS.
Conference Call
There will be an analyst and investor conference call conducted by
both management teams to discuss the transaction, today at 8:30 a.m.
EST/5:30 a.m. PST. The live discussion can be accessed by dialing
1-800-819-9193 or 1-913-981-4911, passcode 148675. A webcast of the
Symantec/VERITAS analyst and investor conference call will also be
available on the Internet at and There will be replay of the webcast available on the
websites for those shareholders and analysts who are unable to listen
to the live call.
About Symantec
Symantec is the global leader in information security providing a
broad range of software, appliances and services designed to help
individuals, small and mid-sized businesses, and large enterprises
secure and manage their IT infrastructure. Symantec's Norton brand of
products is the worldwide leader in consumer security and
problem-solving solutions. Headquartered in Cupertino, Calif.,
Symantec has operations in more than 35 countries. More information
is available at
About VERITAS Software
VERITAS Software, one of the 10 largest software companies in the
world, is a leading provider of software 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 2003
revenues of $1.75 billion, VERITAS delivers products and services for
data protection, storage and 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


Andrea Wolf
Senior Manager Public Relations Central Europe
Symantec (Deutschland) GmbH
Tel. 02102-7453-875

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