Mountain View, Calif., Aug. 17, 1999 - VERITAS Software Corporation announced that it has acquired the assets of NuView, Inc., including its Windows NT cluster management solutions, ClusterX. This acquisition furthers VERITAS Software's leading position in high availability storage management and continues its strategic long-term direction toward the delivery of heterogeneous and distributed availability solutions for enterprise environments and Internet businesses.
VERITAS Software initially intends to market ClusterX directly via its OEM and end-user sales force and through its worldwide network of resellers. The transaction's consideration included both the company's common stock and cash, and will be accounted for using purchase accounting.
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