M&A Deal Summary

Veritas Acquires Openvision Technologies

On April 25, 1997, Veritas acquired software company Openvision Technologies

Acquisition Highlights
  • This is Veritas’ 2nd transaction in the Software sector.
  • This is Veritas’ 2nd transaction in the United States.
  • This is Veritas’ 1st transaction in California.

M&A Deal Summary
Date 1997-04-25
Target Openvision Technologies
Sector Software
Buyer(s) Veritas
Deal Type Add-on Acquisition

Target

Openvision Technologies

Pleasanton, California, United States
Openvision Technologies is a provider of software management services.

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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 Mountain View, California.

DEAL STATS #
Overall 2 of 8
Sector (Software) 2 of 8
Type (Add-on Acquisition) 2 of 8
State (California) 1 of 4
Country (United States) 2 of 6
Year (1997) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-03-28 Advanced Computing Systems

United States

Advanced Computing Systems Corp. is a developer of APIs (application program interfaces) for media storage management software. The APIs provided programmers writing application programs with a specific method by which to make requests of an operating system or other application.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-01 TeleBackup Systems

Calgary, Alberta, Canada

TeleBackup Systems, Inc. is a developer of data backup software solutions.

Buy CA$118M
Mergr

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