Will Carlyle sell Veritas?

Silicon Valley, CA & Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has completed its acquisition of Veritas, an information management system provider, from Symantec Corp. (NASDAQ: SYMC) for $7.4 billion.

When did the Carlyle group acquire Veritas?

Veritas was purchased in 2005 for $13 billion. Carlyle manages $193 billion in private equity, real estate, credit and hedge fund assets.

When did Symantec sell Veritas?

2014–2016: Demerger On August 11, 2015, Symantec announced the sale of its Veritas information management business to The Carlyle Group. Veritas and Symantec achieved operational separation on October 1, 2015. The sale completed on January 30, 2016, when Veritas became a privately held company.

Who owns Veritas now?

The Carlyle GroupVeritas Technologies / Parent organization

Does Dell Own Veritas?

2015 Symantec announced the sale of its Veritas information management business to The Carlyle Group. Veritas and Symantec achieved operational separation last Oct. 1, and the sale closed Jan. 30 when Veritas became a privately held company.

Is Veritas being sold?

Symantec Corp. and Veritas Software Corp. have agreed to merge in an all-stock transaction valued at $13.5 billion based on Symantec’s stock price of $27.38 at yesterday’s market close.

Is Veritas part of Symantec?

The product was previously known as Symantec Backup Exec when Veritas was part of security giant Symantec Corp. Veritas was sold by Symantec in January 2016 to The Carlyle Group private equity firm for $7.4 billion.

What is Veritas technologies worth?

Veritas’ Matt Cain Symantec on Tuesday confirmed July reports that it is selling Veritas to a group of outside investors, including the Carlyle Group, Singapore-based GIC and others, for $8 billion — far below the $13.5 billion Symantec paid for Veritas Software 10 years ago.