M&A Deal Summary

Veritas Acquires Globanet

On September 28, 2020, Veritas acquired software company Globanet

Acquisition Highlights
  • This is Veritas’ 8th transaction in the Software sector.
  • This is Veritas’ 6th transaction in the United States.
  • This is Veritas’ 4th transaction in California.

M&A Deal Summary

Date 2020-09-28
Target Globanet
Sector Software
Buyer(s) Veritas
Deal Type Add-on Acquisition

Target

Globanet

Sherman Oaks, California, United States
Globanet is a software company provides of email archive migration, compliance and eDiscovery solutions. Globanet was founded in 1996 and is based in Sherman Oaks, California.

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Buyer(S) 1

Buyer

Veritas

Santa Clara, California, United States

Category Company
Founded 1982
Sector Information Technology
Revenue 2.6B USD (2015)
DESCRIPTION
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 Santa Clara, California.


DEAL STATS #
Overall 8 of 8
Sector: Software M&A 8 of 8
Type: Add-on Acquisition M&A Deals 8 of 8
State: California M&A 4 of 4
Country: United States M&A 6 of 6
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 APTARE

Campbell, California, United States

APTARE, Inc. is a provider in analytic solutions for hybrid cloud environments and the industry's leading open and extensible IT analytics platform. APTARE, Inc. was founded in 1993 and is based in Campbell, California.

Buy -