Migrated from eDJGroupInc.com. Author: Greg Buckles. Published: 2015-08-11 20:00:00Format, images and links may no longer function correctly.
Symantec is completely out of the enterprise info management game. In 2004, the software giant acquired Veritas for $13 billion in stock. I joined the product management team in 2006 during the golden years of rapid expansion. A recession and increasingly cloud based market kept the ‘Veritas’ segment revenue flat at roughly $2.6 billion. So Carlyle Group and the Singapore sovereign wealth fund G.I.C. have now paid a roughly 3X multiple for the newly spun off Veritas. Makes you wonder if the Symantec board had this in mind before the spin out. I am sure that major Symantec shareholders will ask those hard questions, probably through their attorneys. I still believe that the enterprise tech unit has the IP and internal talent to bring a real Information Governance solution to the market if they can break through the development log jams that plague most global technology providers. Good luck guys.
Greg Buckles wants your feedback, questions or project inquiries at Greg@eDJGroupInc.com. Contact him directly for a ‘Good Karma’ call. His active research topics include analytics, mobile device discovery, the discovery impact of the cloud, Microsoft’s Office 365/2013 eDiscovery Center and multi-matter discovery. Recent consulting engagements include managing preservation during enterprise migrations, legacy tape eliminations, retention enablement and many more.
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Blog perspectives are personal opinions and should not be interpreted as a professional judgment. Blog content is neither approved nor reviewed by any providers prior to being posted. Do you want to share your own perspective? eDJ Group is looking for practical, professional informative perspectives free of marketing fluff, hidden agendas or personal/product bias. eDJ Group is not responsible for the content of outside contributors and all such blogs will clearly indicate the author, company and any relevant affiliations.