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Veritas Technologies
Veritas Technologies LLC is an American international data management company headquartered in Santa Clara, California. The company has its origins in Tolerant Systems, founded in 1983 and later renamed Veritas Software. It specializes in storage management software including the first commercial journaling file system, VxFS, VxVM, VCS, the personal/small office backup software Backup Exec and the enterprise backup software, NetBackup. Veritas Record Now was an early CD recording software.
Before merging with Symantec (now known as Gen Digital) in 2004, Veritas was listed on the S&P 500 and the NASDAQ-100 under the VRTS ticker symbol.
In 2014, Symantec announced that it would demerge its information management business as Veritas Technologies LLC, to focus on security. It was purchased as part of the demerger by the private equity firm The Carlyle Group for $8 billion in cash in 2016. Its data protection and data security unit was sold in 2024 to software firm Cohesity, valued at $3 billion. Remaining part of Veritas Technologies later spun-off into an independent company called Arctera.
The company was founded by Eli Alon and Dale Shipley (both from Intel) as Tolerant Systems in 1983 to build fault-tolerant computer systems based on the idea of "shoe box" building blocks. The shoe box consisted of an OS processor, running a version of Unix called TX, and on which applications ran, and an I/O processor, running a Real Time Executive, developed by Tolerant, called RTE: both processors were 320xx processors. The system was marketed as the "Eternity Series."
The TX software gained a level of fault-tolerance through check-pointing technology. Applications needed to be fortified with this check-pointing to allow roll-back of the application on another processor if a hardware failure occurred. Tolerant also developed a forerunner of today's RAID systems by incorporating a journaling file system and multiple copies of the disk drive content.
Dale Shipley formed Tolerant Software in January 1988. Tolerant Software produced a journaling file system and a virtual disk management system for the AT&T UNIX platform, which was built by a new team led by John Carmichael.
The firm started out with a relationship with AT&T to provide the file (Veritas File System – VxFS) and disk management (Veritas Volume Manager – VxVM) software for its UNIX operating system, and to jointly market and support the products to the System OEMS (Sun, HP, etc.). The OEM model provided royalties to Veritas when the OEM shipped its products to end users.
On December 9, 1993, the company had its initial public offering (IPO), selling 16 million shares to the public, and valuing the company at $64 million.
Veritas Technologies
Veritas Technologies LLC is an American international data management company headquartered in Santa Clara, California. The company has its origins in Tolerant Systems, founded in 1983 and later renamed Veritas Software. It specializes in storage management software including the first commercial journaling file system, VxFS, VxVM, VCS, the personal/small office backup software Backup Exec and the enterprise backup software, NetBackup. Veritas Record Now was an early CD recording software.
Before merging with Symantec (now known as Gen Digital) in 2004, Veritas was listed on the S&P 500 and the NASDAQ-100 under the VRTS ticker symbol.
In 2014, Symantec announced that it would demerge its information management business as Veritas Technologies LLC, to focus on security. It was purchased as part of the demerger by the private equity firm The Carlyle Group for $8 billion in cash in 2016. Its data protection and data security unit was sold in 2024 to software firm Cohesity, valued at $3 billion. Remaining part of Veritas Technologies later spun-off into an independent company called Arctera.
The company was founded by Eli Alon and Dale Shipley (both from Intel) as Tolerant Systems in 1983 to build fault-tolerant computer systems based on the idea of "shoe box" building blocks. The shoe box consisted of an OS processor, running a version of Unix called TX, and on which applications ran, and an I/O processor, running a Real Time Executive, developed by Tolerant, called RTE: both processors were 320xx processors. The system was marketed as the "Eternity Series."
The TX software gained a level of fault-tolerance through check-pointing technology. Applications needed to be fortified with this check-pointing to allow roll-back of the application on another processor if a hardware failure occurred. Tolerant also developed a forerunner of today's RAID systems by incorporating a journaling file system and multiple copies of the disk drive content.
Dale Shipley formed Tolerant Software in January 1988. Tolerant Software produced a journaling file system and a virtual disk management system for the AT&T UNIX platform, which was built by a new team led by John Carmichael.
The firm started out with a relationship with AT&T to provide the file (Veritas File System – VxFS) and disk management (Veritas Volume Manager – VxVM) software for its UNIX operating system, and to jointly market and support the products to the System OEMS (Sun, HP, etc.). The OEM model provided royalties to Veritas when the OEM shipped its products to end users.
On December 9, 1993, the company had its initial public offering (IPO), selling 16 million shares to the public, and valuing the company at $64 million.