Latest News  

Veritas gets ready to expand its Romanian operations

Veritas, the data management unit of Symantec recently bought by Carlyle Group, intends to expand its operations and team in Romania, says Vasile Aniculaesei, Territory Manager of the company.

2015-10-26 16:33:00 - by Bogdan Tudorache

Veritas saw an opportunity to expand its regional telesales center in Bucharest as local clients and even some local rival IT companies use more and more their solutions, banking and energy being some of the main revenue driving domains.

„We plan to expand our team, our local revenue reaches a few million euro each year. Most fears that we have had were linked to finding the right rare language speakers for our help desk center in Bucharest, especially for Greek language servicing. We were surprised to see that the first consultant we hired was a Greek speaker, and the second one, a Serbian speaker,” Aniculaesei tells Outsourcing Today.

Symantec Corp. recently announced that it has entered into a definitive agreement to sell its information management business, known as Veritas, to an investor group led by The Carlyle Group together with GIC, Singapore’s sovereign wealth fund, and other expected co-investors for $8 billion in cash.

The transaction is expected to close by January 1, 2016 in all the countries where the company operates. Veritas solutions are available to the Romanian market since early 2000 and, starting next year, Veritas solutions will continue to be represented and promoted in the market by a dedicated team, through its network of partners.

„Stakeholders are committed to invest in the development of the Veritas business in Romania and at regional level”, say company officials in a statement.

The volume of data is increasing at incredible rates and is spreading across servers, clouds and hypervisors around the world. Unchecked data growth is an expensive burden in the business environment and a potential security risk waiting to happen. Veritas products enable organizations to understand their own information and recognize valuable information enabling them to achieve their objectives more quickly and efficiently.

In Romania, there is great opportunity for growth in the areas addressed by the company’s solutions portfolio, due to the fact that Veritas is providing new information management and governance solutions designed to help Romanian customers capitalize on the power of information across on-premises and cloud platforms.

"The Romanian market presents a significant opportunity for growth in the areas addressed by Veritas solutions portfolio. We are currently offering locally, the entire existing range of Veritas software products for the protection, governance and management of information of Romanian companies and starting this fall we will also introduce products from the company’s portfolio of dedicated backup appliances,” said Vasile Aniculaesei.

Veritas provides its solutions to 86% of the top Fortune 500 companies. In Romania, Veritas solutions will give the organizations the ability to recognize valuable information, protect it and keep it available for continuing business use.

In Romania and in the region, Veritas solutions presence in the market will be supported through active investments in sales and technical resources, as well as a regional telesales center, located in Bucharest. The company’s reseller channel comprises more than 200 active partners, including national system integrators, specialized partners, global alliance and regional partners.
Carlyle Group LP agreed to buy Symantec Corp.’s Veritas data-storage unit for $8 billion in the biggest U.S. leveraged buyout this year, according to Bloomberg.

In a year when private equity dealmakers including Carlyle’s Bill Conway have lamented high prices for companies, the transaction is the biggest U.S. leveraged buyout (LBO) announced in 2015, surpassing the $5.3 billion LBO of software company Informatica Corp. by Permira and the Canada Pension Plan Investment Board, according to data compiled by Bloomberg.

Bill Coleman, the founder of software company BEA Systems Inc., will become Veritas’s chief executive officer, the companies said. Bill Krause, a Carlyle operating executive who previously was president and CEO of 3Com, will be chairman.

The Veritas sale will provide cash for Symantec, which has seen its dominance of the cyber-security business eroded as hackers have found ways to thwart its key security product, antivirus software. Symantec needs the cash to fund acquisitions and build costly security services such as incident response, Daniel Ives, an analyst at FBR Capital Markets & Co. in New York, said in an interview.

A sale of Veritas, bought in 2005 for more than $13 billion, is symbolic of Symantec’s refocusing on the security market as it tries to lessen its dependence on antivirus. As part of the effort, Symantec earlier this year said it was hiring 65 engineers and data scientists from Boeing Co.’s Narus security division, which makes network-monitoring technologies used by the U.S. government.

Carlyle manages $193 billion in private equity, real estate, credit and hedge fund assets. The firm said it’s invested $18 billion of equity in 243 telecom, media and tech companies such as SS&C Technologies Holdings Inc., Dealogic and Syniverse Holdings Inc.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Companies leased 105,000 sqm of office space in Q1 2019, with IT&C players top stars in a tight labour market

The Bucharest office market debuted in 2019 with decent numbers: a gross take-up of 105,000 sqm, out of which the net take-up was 29,000 sqm, and 93,000 sqm of deliveries. Data from the real estate consultancy

 Read Full article »
Microsoft report: Romania registers average malware attack rate of 7.46 per cent, over European average

Romania reached a 7.646 per cent malware attack rate in 2018, 2.13 per cent higher than the average European rate, according tot eh 24th edition of Microsoft Security Intelligence (SIR), released recently.

 Read Full article »
Blockchain StartUp Swazm signs partnership with Maguay, one of the biggest server and storage suppliers in Europe

Romanian Blockchain company Swazm has signed a partnership with Maguay, one of the biggest server and storage suppliers in Europe. The objective of the partnership is to expand the Swazm blockchain network by u

 Read Full article »
Deloitte research: Learning, employee experience and leadership, the main topics on human capital agenda in Romania

Continuous learning for skills development, leadership development and improving the employee experience are the most important and urgent among the trends identified by Deloitte 2019 Global Human Capital Trend

 Read Full article »
Oracle: Shifting toward a whole-enterprise cloud

Cloud technology and its adoption have been transformative for nearly every business, industry, and product. From running applications that are always-on and available, to limitless infrastructure scalability,

 Read Full article »
CBRE takes charge of the operations of NEPI Rockcastle's office portfolio in Bucharest

CBRE, the world and local market leader in real estate consultancy, was mandated with the property management of NEPI Rockcastle's office portfolio in Bucharest, consisting of three emblematical buildings: Flo

 Read Full article »
KPMG launches an application enabling real-time feedback of employees and managers

KPMG launches an application enabling real-time feedback of employees and managers

 Read Full article »
ABSL GALA AWARDS celebrated its winners last evening at Bucharest

As the voice of the business services, ABSL has created the ABSL Awards with the purpose of recognizing the most innovative, impactful and valuable projects and initiatives of the business services industry ove

 Read Full article »
Medium-sized companies relocate from class B to class A-offices in Timisoara

The office market in Timisoara witnesses a new trend: the relocation of companies from class B spaces to class A and the increase in attractiveness of modern office projects for firms with less than 50 employee

 Read Full article »
PropTech Romania organizes a hackathon in Bucharest, dedicated to real estate industry

Proptech Romania, the first Romanian innovation platform dedicated to the real estate market announced it is organizing the first European Real Estate Hackathon, in Bucharest, on the 12-13 April, an event that

 Read Full article »
 
 
 
MOST READ ARTICLES
» Huawei opens a centre on cyber securit...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Romania ranks above EU average in gend...
» Bucharest, in the top of cities in Eur...
» Berg Software Romania: Reasons to outs...
» Meet the experts who will decide the w...
» Bogdan Pelinescu, president of ABSL: A...
» KPMG launches an application enabling ...
» ABSL GALA AWARDS celebrated its winner...
» Oracle reaches 4,200 employees and pla...
 
EDITOR CHOICE
Colin C. Lovering: Meet the speakers at Romanian Business Services Forum & Awards 2019, on May 7

Colin C. Lovering has been living and working in Romania since 2009 when he arrived to offer consultancy and advice to organisations looking for growth and profitability and founded Achieve International.

 Read Full article »
Antoniu Panait: Meet the speakers at Romanian Business Services Forum & Awards 2019, on May 7

Managing Director for VASTINT Romania since 2009, Antoniu Panait has an executive experience of more than 10 years, mainly in real estate.

 Read Full article »
Andrei Voica: Meet the speakers at Romanian Business Services Forum & Awards 2019, on May 7

Andrei Voica, Director Project Management and Workplace Consultancy, Colliers International. Truly passionate about his work and always eager to add value to each project.

 Read Full article »
Romulus Caralicea: Meet the speakers at Romanian Business Services Forum & Awards 2019, on May 7

Romulus is Wipro's Information Security, Risk & Compliance Lead for Europe. In his role he is managing internal audits and compliance activities for all clients and internal functions based on the corporate ISO

 Read Full article »
George Didoiu: Meet the moderator of Romanian Business Services Forum 2019 CEO LEADERS DEBATE, on May 7

In his 15 years of real estate, George Didoiu advised on the relocation of top IT&C, finance-banking and consultancy companies, which total over 10,000 employees.

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events