VERITAS Software Corporation (Nasdaq: VRTS), leverancier van softwareoplossingen voor data- en applicatiebeschikbaarheid, heeft een overnameovereenkomst gesloten met Ejasent, Inc., leverancier van applicatievirtualisatietechnologie voor utility computing. Met de overname, die VERITAS eind januari 2004 verwacht af te ronden, is een bedrag gemoeid van 59 miljoen dollar.
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VERITAS Acquires Ejasent, Inc.; Extends Utility Computing Strategy
Technology enables live migration of mission critical applications between servers, dramatically improving availability and reducing cost
MOUNTAIN VIEW, Calif. - Jan. 8, 2004 - VERITAS Software Corporation (NASDAQ: VRTS), the leading storage software provider, today announced it has reached a definitive agreement to acquire Ejasent, Inc., a Mountain View, Calif.-based supplier of application virtualization technology for utility computing, in an all cash transaction valued at $59 million. VERITAS expects the acquisition to be completed by the end of January 2004.
Ejasent's application virtualization technology provides VERITAS with another key building block to enable utility computing. The company's core software, UpScale (TM), offers the ability to move an application from one server to another without disrupting or terminating the application. UpScale software takes a snapshot of an application and its state, preserving all its current settings and data, and transfers it to a different server in near real time. Ejasent places very little overhead in the application environment allowing its use for even the most demanding, mission critical applications. Ejasent UpScale offers IT managers the ability to significantly reduce the time and resources required for planned periodic upgrades and application maintenance for IT managers, while virtually eliminating associated application down-time for end-users.
"Simplifying the management of IT infrastructure that is 'always on' for end-users is a fundamental objective of utility computing. Ejasent's technology adds another key building block to the VERITAS portfolio," said Mark Bregman, executive vice president of product operations, VERITAS Software. "Live application migration can cut server maintenance and upgrade time from hours to minutes, freeing valuable IT resources to work on other projects while at the same time improving application availability for end-users."
The Ejasent UpScale system introduces an abstraction layer between applications and the underlying server and operating system. This abstraction layer makes it possible to simply and quickly move applications across different processing resources within a data center - from server to shared storage to server.
Upon the completion of the acquisition, Ejasent will become part of VERITAS' High Availability/Clustering group.
"The Ejasent team is pleased to be joining with VERITAS to accelerate the delivery of advanced utility computing technologies," said Rajeev Bharadhwaj, co-founder and chief technology officer, Ejasent, Inc. "Ejasent's application virtualization technology is highly complementary to VERITAS' products, and it will become an important building block as VERITAS enables utility computing."
Ejasent's other core product, MicroMeasure (TM), enables usage-based metering and billing of physical and logical data center assets, including servers, storage and application transactions by specific users and departments. Upon completion of the acquisition, VERITAS plans to integrate MicroMeasure software into the VERITAS CommandCentral (TM) Service product, further enhancing service level reporting across the enterprise.
VERITAS expects to deliver UpScale and MicroMeasure software in the second quarter of 2004. UpScale will be available initially on Solaris, with a Linux version set for release in early 2005. MicroMeasure runs on Solaris, Windows, Linux and HP-UX.
About Ejasent, Inc.
Founded in January 1999, Ejasent supplies software and technology to leading product and services companies delivering utility computing solutions to enterprises and IT services providers. The company has 13 patents pending on core technologies for building IT infrastructures that enable utility computing. Ejasent is a privately-held company based in Mountain View, Calif. Investors in Ejasent include Crescendo Ventures, Technology Crossover Ventures, Red Rock Ventures, and Crystal Internet Ventures. For more information, visit www.ejasent.com.
About VERITAS Software
With revenues of $1.5 billion in 2002, VERITAS Software ranks among the top 10 software companies in the world. VERITAS Software is the world's leading storage software company, providing data protection, storage management, high availability, application performance management and disaster recovery software to 99 percent of the Fortune 500. VERITAS Software's corporate headquarters is located at 350 Ellis Street, Mountain View, Calif., 94043, tel: 650-527-8000, fax: 650-527-8050, e-mail: vx-sales@veritas.com, Web site: www.veritas.com.