VERITAS SoftwareCorporate Profile

Corporate Profile

VERITAS Software Corporation (Nasdaq:VRTS) is the a leading provider of data availability software solutions that enable customers to protect and access their business-critical data. Founded in 1989, the Mountain View-based company offers solutions to manage the explosion of data and the growing complexity and scalability of networked environments that exist in today’s Nnew Eeconomy. Enabling companies to ensure bBusiness wWithout iInterruption™, VERITAS The Data Availability Company is the market’s leading innovator of data protection, file system and volume management, clustering, replication, SAN (storage area network) and application software solutions that continuously deliver data when and where it’s needed. In addition to leading the market with the broadest roster of data availability technology, VERITAS Software also leads with the deepest strategic partnerships, a strongest sales channel infrastructure and most a highly responsive global technical support organization in the data availability software industry.

VERITAS Software’s market leadership and innovation in data availability has in turn helped propelled its rapid international growth. Today, following the significant acquisitions of the Network and Storage Management Group of Seagate Software in May 1999 and OpenVision Technologies in April 1997, VERITAS Software has a global presence with more than 4,300 employees residing in 25 countries worldwide. With Pro Forma revenue for 1999 just over $700 million, VERITAS Software was added to the Nasdaq-100 Index in January 1999 and the S&P 500 Index in March 2000. Based on its $51.9.6 billion market capitalization (October 16June 22, 2000), VERITAS Software securely stands as one of the top-five software companies in the world.

VERITAS Product and Technology Innovation

VERITAS Software has become the de-facto standard for data availability solutions, with more than 60 of the world’s leading servers and operating systems integrating its software. With a projected investment in software research and development of more than $3.92.3x.x billion over the next five years, VERITAS Software firmly standsis positioned at the forefront of data availability and storage management software technology innovation. This continued investment focus has resulted in a comprehensive technology set that spans all major operating platforms. These include solutions in the following areas:

  • Data Protection –-- No other backup software provider can match VERITAS Software’s range of backup and recovery solutions or provide an upgrade path that allows businesses to rely upon one strategic partner for all their data protection needs. VERITAS Backup Exec™ is the world’s No. 1 Windows NT and Windows 2000 backup solution, and the first backup solution certified by Microsoft for Windows 2000. The VERITAS NetBackup™ family pioneered heterogeneous data protection across the enterprise, including VERITAS NetBackup™ Professional, the standard for desktop and mobile backup.
  • File and Volume Management –-- VERITAS Software’s file system and volume management solutions provide continuous access to critical information and applications. VERITAS File System™ and VERITAS Volume Manager™ provide protection from storage device failure through automated fault management, journaling for faster recovery from system failures and online reconfiguration tools for uninterrupted access to online storage.
  • Clustering and Replication –-- VERITAS Software provides clustering and replication software and management tools to suit a variety of high availability (HA) environments, from two-node clusters to enterprise storage area networks (SANs). Clustering products include VERITAS Cluster Server™, the most comprehensive, cascading service-level failover solution for HP-UX, Solaris and Windows NT, as well as VERITAS ClusterX™®, the first configuration and management tool for multiple Windows NT and Windows 2000 clusters. The VERITAS Software replication family includes VERITAS Storage Replicator™, VERITAS Volume Replicator™ and VERITAS File Replicator™ and is often deployed as part of a highly effective disaster- recovery strategy.
  • SAN Management –--VERITAS Software has optimized its data availability solutions to enable crucial storage area network (SAN) applications such as online SAN virtualization, heterogeneous clustering, LAN-free backup and hierarchical storage management. These VERITAS Software SAN solutions reduce the cost and complexity of managing expanding storage area network (SAN) environments and provide the new levels of performance and availability necessary to support Internet-based business operations.
  • Application Solutions –--VERITAS Software offers a range of application-focused solutions, called VERITAS Editions, that combine key VERITAS Software solutions and optimize and integrate them with leading applications including Oracle, Sybase, SAP, Web and file servers.
  • Desktop and Mobile Solutions –-- For the consumer, SOHO (small office, home office) and corporate environments that require protection and management of valuable data residing on desktops and mobile devices, VERITAS Software ensures individual data availability through powerful and easy-to-use storage management software solutions.

Global Sales and Distribution Infrastructure

VERITAS Software provides the continuous availability of business-critical information for companies of all sizes, from some of the world’s best-known blue-chip corporations to distributed environments and autonomous workgroups to small-office and home users. The Company delivers its software solutions to this broad customer set through a uniquely-harmonized mix of five sales channels – a worldwide direct sales force; a global network of enterprise value added resellers (VARs); an international two-tier distribution infrastructure; an extensive roster ofvia OEM partnerss; and online, through its comprehensive e-business channel – providing customers with the solutions they need via the channel they prefer, worldwide.

Strategic Partnerships

As a premier strategic partner with all major industry drivers, VERITAS Software ensures out-of-the-box integration for its data availability solutions. The Company’s OEM customers and strategic alliances include more than 85 major industry pacesetters from the device level to high-end Windows NT and UNIX vendors. Cooperatively, VERITAS Software and its team of partners aim to provide customers with integrated, scaleable data availability solutions that will grow with any expansion effort. Working closely with these key partners has enabled VERITAS Software to establish pervasive distribution of itsthe company’s core technologies. This distribution puts a VERITAS Software footprint on nearly every open system being sold today, providing users with integrated data availability solutions across multiple platforms. Thus, customers can be assured that VERITAS Software solutions will fit in with any strategic hardware vendor or platform selection – homogeneous solutions for a heterogeneous world.

World-Class Service and Support

VERITAS Software’s focus on increased communication and customer partnership has resulted in technical service and support solutions that are second to none. The Company’s world-class service and support offering, called VERITAS Vsupport™, provides customers personalized care with services that decrease the time to problem resolution, enables customers to proactively avoid issues and helps increase the effectiveness of customers’ investment in VERITAS Software technology. Cooperative Support Services, including the VERITAS, Oracle, Sun (VOS) Joint Escalation Center, Follow-the-Sun Problem Resolution, Remote Connection Services and E-mail Notification help alleviate the time it takes to resolve customer issues. Proactive VERITAS Vsupport services, such as the VERITAS Knowledge Exec™ CD and on-going software updates and upgrades, continually educate users on the most current technologies, increasing end-user productivity. Enhanced communication via Ssupport Nnewsgroups and VERITAS Vsupport Aaccount Mmanagers gives customers the knowledge they need to effectively make the most of their software investments. Additionally, executive- level customers benefit from advanced support offerings that provide added insight as VERITAS Software executives share with them the corporate vision and direction of the Company.

Corporate Values

The VERITAS Software culture is one based on mutual integrity, trust and openness. The Company encourages these values by entrusting employees with critical information and promoting open communication to employees, customers, partners and stockholders. This has made VERITAS Software a trusted supplier of data availability software solutions that customers can rely on, appeasing their desires to work with a company that not only cares about them, but also exhibits integrity – VERITAS translates to “Truth.”

Future Direction and Vision

Following the completion of its five-year business strategy to become the storage management software leader for both UNIX and Windows NT and Windows 2000 operating environments, VERITAS Software has developed an extended business vision that focuses on data availability as a broader market category for storage management software. As part of this extended vision, the Company plans to grow its market penetration with current technology and to drive emerging trends with innovative new solutions. Integral to this strategy, VERITAS Software is implementing a number of new business initiatives that enhance the Company’s leadership position in four core business areas: products and technologies; platform support and strategic partnerships; sales and distribution model; and worldwide technical and professional services. These initiatives include strategic focus on Internet businesses, the Network Attached Storage (NAS) market, Professional Services, the Hewlett-Packard market, the Windows NT/Windows 2000 market, the desktop and mobile user market and VERITAS Software’s own e-business structure. With its new focus on key initiatives for growth, VERITAS Software is again positioning itself at the forefront of the industry by anticipating industry shifts and technology requirements.

The Company’s corporate headquarters is located at 1600 Plymouth Street, Mountain View, CA 94043. Telephone: (650) 335-8000. Fax: (650) 335-8050. Email: . WWW site:

This document may include estimates and forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of our products and services, our ability to maintain the quality of our end-user customer and partnering relationships, and our ability to manage our business effectively, that could cause the actual results we achieve to differ materially from such forward-looking statements. For more information regarding potential risks, see the “Factors That May Affect Future Results” section of our most recent reports on Form 10-K and Form 10-Q on file with the SEC.

© Copyright © 2000 VERITAS Software Corporation. All rRights rReserved. VERITAS, VERITAS SOFTWARE, the VERITAS logo, Business Without Interruption, VERITAS The Data Availability Company and other VERITAS product names mentioned herein are trademarks or registered trademarks of VERITAS Software Corporation in the US and/or other countries. Other product names mentioned herein may be trademarks or registered trademarks of their respective companies.

September October 20001