M&A Deal Summary

NortonLifeLock Acquires Veritas

On December 17, 2004, NortonLifeLock acquired information technology company Veritas for 13.5B USD

Acquisition Highlights
  • This is NortonLifeLock’s 7th transaction in the Information Technology sector.
  • This is NortonLifeLock’s largest (disclosed) transaction.
  • This is NortonLifeLock’s 32nd transaction in the United States.
  • This is NortonLifeLock’s 7th transaction in California.
Investment Fate
  • Veritas was divested to a consortium of buyers in 2015 for 8.0B USD.

M&A Deal Summary
Date 2004-12-17
Target Veritas
Sector Information Technology
Buyer(s) NortonLifeLock
Deal Type Add-on Acquisition
Deal Value 13.5B USD
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Veritas

Santa Clara, California, United States
website
Entrance to VERITAS' corporate headquarters in Mountain View, California.
Entrance to VERITAS' corporate headquarters in Mountain View, California.
Veritas is an information management systems provider offers storage and server management software solutions. Veritas was founded in 1982 and is based in Mountain View, California.

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Buyer(S) 1

Buyer

NortonLifeLock

Tempe, Arizona, United States

website

Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 2.6B USD (2021)
DESCRIPTION

NortonLifeLock is a Cyber Safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. NortonLifeLock was founded in 1982 and is based in Tempe, Arizona.

DEAL STATS #
Overall 37 of 77
Sector (Information Technology) 7 of 17
Type (Add-on Acquisition) 36 of 72
State (California) 7 of 21
Country (United States) 32 of 60
Year (2004) 7 of 7
Size (of disclosed) 1 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-09 Platform Logic

Glenwood, Maryland, United States

Platform Logic, a maker of intrusion-detection software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-16 Xtreamlok Pty

Murarrie, Australia

XtreamLok develops anti-piracy and activation technologies, which enable the licensing of software applications.

Buy -
Mergr

Product

Company

Legal