Symantec and VERITAS announce integration team

Symantec Corp. and VERITAS Software Corp. have announced the structure of the team responsible for managing the integration of the two companies. In addition, the companies have engaged PricewaterhouseCoopers to provide merger and acquisition services related to infrastructure planning and implementation and Bain & Company to help with the integration of customer facing functions.

“Symantec and VERITAS are highly complementary in terms of product lines, account coverage structure, and go-to-market approaches,” said John W. Thompson, Symantec chairman and chief executive officer. “At the same time, we are taking an approach that is both pragmatic and realistic when it comes to the integration challenges that lie ahead. Our synergies, along with the commitment of both companies’ employees and the integration teams, should help make the integration process more manageable.”

Ed Gillis, VERITAS chief financial officer, will lead the overall integration planning and management efforts for both companies. Gillis is establishing the integration management office and forming joint teams to begin the planning.

Led by representatives from both companies, the joint teams will be focused on:
• Planning for the sales, services and business development structure;
• Outlining the lines of business and developing the technology roadmap;
• Detailing the combined company’s go-to-market plans;
• Integrating the services and support organisations; and
• Combining the finance, infrastructure and legal operations.

www.VERITAS.com
www.symantec.com

•Date: 20th January 2005 • Region: N.America/World •Type: Article •Topic: BC markets
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