Sep 1, 2004 : Veritas Buys KVault for $225 Million

📅 September 1, 2004 - Storage software company Veritas (veritas.com) announced on Tuesday that it has entered into an agreement to acquire email backup company Kvault Software for $225 million in cash, according to a report by Reuters.

Kvault helps companies store, manage, backup and archive email and data, a technology that analysts say is growing in importance as regulatory requirements become more stringent.
Veritas said it expects the deal to close by the end of the month. The acquisition will add to the company's earnings within 12 to 18 months. Veritas said.
Kvault, with 200 employees, recorded revenues of $23 million last year. It has offices in the US, Britain, France, Germany, Australia and the Benelux countries.

Reads: 2349 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/buy090104.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 Aug 31, 2004 - Verio Increases Reseller Incentives - Web hosting provider Verio (verio.com ) announced on Tuesday an incentive program for viaVerio business partners, offerring extra commission on the sales of IntelliSecurity Managed Solutions. The company says it will pay an extra five percent commission on top of normal contractual commission percentages, on the monthly recurring revenue of the IntelliSecurity component of each deal during the promotional period. The promotion is available to viaVerio business partners who join the viaVerio partner program between August 31 and September 30, 2004. Verio says services like IntelliSecurity can help viaVerio business partners deliver security services like managed firewa

📅 Aug 31, 2004 - Via Net.Works USA Offers SEO Service - Web hosting provider Via Net.Works USA (vianetworks.net) announced on Monday that it has formed a strategic alliance with Internet marketing and Web design firm TwentySix2 Marketing (twentysix2.com) to provide its customers with search engine optimization services. "VIA continues to look for products and services, developed by ourselves or partners, that extend the value of our services to our customers and creates new competitive advantages for them," says Patrick Gaul, managing director of VIA USA. "We understand how critical it is for our customers to maximize the value of their marketing investments and to generate real bottom line results. We are pleased to offer the

📅 Aug 31, 2004 - Thawte Launches SSL Reseller Channel - Thawte (thawte.com), a provider of digital certificates, announced on Monday that it has launched a newly enhanced reseller channel (thawte.com/isp). According to thawte, the channel features new functionality that has been requested by its reseller partners, including a three-step customer enrollment process, a single-step certificate renewal process, free certificate reissues, real time reporting capabilities, refined certificate status pages, a real time message center, flexible prepay options, a streamlined pay-as-you-go option, a renewal reminder tool and competitive discounts. The reseller channel includes thawte's recently launched SSL 123 certificate and it

📅 Sep 2, 2004 - Outsourcing Giants Face Challenge - As the US domestic call center market rapidly shrinks, research calculated by independent market analyst Datamonitor (datamonitor.com) shows heavy competition among outsourcers scrambling for their share of the $600 billion global IT services market. The report, entitled Call Centers in the IT Services & Outsourcing Landscape, highlights how the big guns such as Accenture and IBM Global Services face stiff competition from alliances of service providers. Some call center companies have shifted from being commodity businesses by offering a wider range of services in an attempt to take a slice of the overall IT services market globally. Margins for call center outso

📅 Sep 2, 2004 - Swiss Water Picks Radiant Web Hosting - Web hosting firm Radiant Communications (radiant.com), and portal software developer The Level (thelevel.com) announced on Thursday the launch of Swiss Water Decaffeinated Coffee Company's Web site, which promotes the company's chemical free Swiss Water decaffeination process. The Web site, hosted in one of Radiant's data centers, includes a comprehensive extranet for over 1,000 of SWDCC's coffee industry partners, a retailer locator application to help customers find Swiss Water process retailers and The Level's enterprise content management system. Built on XML standards, The Level's platform is designed to meet the information and knowledge management needs of mid

📅 Sep 2, 2004 - Equinix to Host Gigabit Peering Forum - Data center and Internet exchange provider Equinix (equinix.com) announced this week that it will host the ninth Gigabit Peering Forum on September 14, 2004 in New York. The event features networking experts from Adelphia Communications, Akamai, CAIDA, Cisco, New York City Connect and others. The Gigabit forum, says Equinix, is part of an ongoing series of events that feature educational sessions from industry experts as well as presentations focused on network and content peering methodologies and strategies. The event also includes programs to assist Internet service providers and large content players in establishing peering relationships. More than 100 networking profes