M&A Deal Summary

VERITAS Software Acquires Precise Software Solutions

On June 30, 2003, VERITAS Software Corp. acquired software company Precise Software Solutions, Inc. for 609M USD

Acquisition Highlights
  • This is VERITAS Software’s 5th transaction in the Software sector.
  • This is VERITAS Software’s 1st largest (disclosed) transaction.
  • This is VERITAS Software’s 4th transaction in the United States.
  • This is VERITAS Software’s 2nd transaction in California.
Investment Fate
  • Precise Software Solutions was divested to a financial buyer 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, Inc.
Sector Software
Buyer(s) VERITAS Software Corp.
Deal Type Add-on Acquisition
Deal Value 609M USD

Target

Precise Software Solutions, Inc.

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 Software Corp.

Mountain View, California, United States

website


Category Company
Founded 1982
SectorSoftware
Employees7,500
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 a provider of storage and server management software solutions. The Company was formed 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, Inc.

Redwood Shores, California, United States

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

Sell -