M&A Deal Summary

Veritas Acquires Precise Software Solutions

On June 30, 2003, Veritas acquired software company Precise Software Solutions for 609M USD

Acquisition Highlights
  • This is Veritas’ 5th transaction in the Software sector.
  • This is Veritas’ largest (disclosed) transaction.
  • This is Veritas’ 4th transaction in the United States.
  • This is Veritas’ 2nd transaction in California.
Investment Fate
  • Precise Software Solutions was divested to a consortium of buyers in 2008.
  • Precise Software Solutions was sold to a strategic buyer in 2013.

M&A Deal Summary
Date 2003-06-30
Target Precise Software Solutions
Sector Software
Buyer(s) Veritas
Deal Type Add-on Acquisition
Deal Value 609M USD

Target

Precise Software Solutions

Redwood Shores, California, United States
website
Precise Software Solutions, Inc. is a provider of transaction performance management (TPM) software and solutions.

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Buyer(S) 1

Buyer

Veritas

Santa Clara, California, United States

website

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 Mountain View, California.

DEAL STATS #
Overall 5 of 8
Sector (Software) 5 of 8
Type (Add-on Acquisition) 5 of 8
State (California) 2 of 4
Country (United States) 4 of 6
Year (2003) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-08 The Kernel Group

Austin, Texas, United States

The Kernel Group is a software company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-17 Precise Software Solutions

Redwood Shores, California, United States

Precise Software Solutions, Inc. is a provider of transaction performance management (TPM) software and solutions.

Sell -
Mergr

Product

Company

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