Veritas' "end to end" service, to be Precise
Veritas' "end to end" service, to be Precise
Veritas has declared the acquisition of application performance management vendor Precise Software Solutions a key step in its aim to deliver utility computing.
The price tag of US$609 million, consisting of $400 million in cash and 7.4 million Veritas shares, was a little in excess of the estimated cost of $US537 million when the two companies first agreed on the merger last December.
Sal Fernando, chief technical architect, Veritas Australia and New Zealand, outlined how the acquisition would benefit the end user.
"Traditionally, Veritas has delivered solutions for back-up recovery, virtualisation, and the like. Now we are able to offer our customers solutions for performance management and can integrate it with the rest of the Veritas portfolio."
Fernando pinpointed the complementary nature of Precise's offerings with Veritas' own as a key factor in the acquisition.
"Precise's value proposition was to find out what was happening in your IT environment in relation to your applications and your database and then have a look at how they are behaving and how the performance can be improved from the user workstation to the database that provides that application. The Veritas stack goes on from that, looking at the performance of servers and the like, so we believe that the benefit to our customers is that they will get an end-to-end view of their IT infrastructure."
Fernando added that the merger was also rather symptomatic of a market in which customers want to deal with fewer vendors with a broader range of solutions, but added that the intrinsic nature of the solutions in terms of business continuity was also important.
"We are talking about complex solutions that go across the breadth of the enterprise, and customers want to ensure they have a single point of accountability and support."
At the same time as Veritas announced the completion of the Precise acquisition, it also announced the strengthening of its ties with global services company EDS, an alliance which Fernando said goes back some way, both from Veritas' and Precise's point of view.
"Veritas and EDS have had a long term relationship around our conventional solutions, with EDS using Veritas solutions in their outsourced accounts in all parts of the world. They also had a relationship with Precise relating to performance management, so we deemed it appropriate for us to work even closer (following this acquisition) though both ourselves and Precise already had a very close relationship with EDS and this is being continued and strengthened with the Precise acquisition."
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