Veritas Acquires Ejascent for $59 Million

• By theWHIR.com , January 09, 2004

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provider of storage software, announced today that it has reached a definitive

agreement to acquire Ejasent, Inc., a developer of application virtualization

technology for utility computing. Under the terms of the agreement, VERITAS will

acquire Ejasent (ejasent.com) for $59 million

in cash.

The company said the acquisition is expected to be completed by the end of January

2004.

VERITAS said acquiring Ejasent's application virtualization technology will help it

accelerate development of its utility computing strategy.

"Simplifying the management of IT infrastructure that is 'always on' for end-users

is a fundamental objective of utility computing. Ejasent's technology adds another

key building block to the VERITAS portfolio," said Mark Bregman, executive vice

president of product operations for VERITAS Software. "Live application migration

can cut server maintenance and upgrade time from hours to minutes, freeing valuable

IT resources to work on other projects while at the same time improving application

availability for end-users."

Upon completion, Ejasent will become part of VERITAS' High Availability/Clustering

group.

"The Ejasent team is pleased to be joining with VERITAS to accelerate the delivery

of advanced utility computing technologies," said Rajeev Bharadhwaj, co-founder and

chief technology officer for Ejasent. "Ejasent's application virtualization

technology is highly complementary to VERITAS' products, and it will become an

important building block as VERITAS enables utility computing."

Ejasent's flagship product UpScale migrates applications between servers in near

real-time. VERITAS said UpSale allows IT managers to reduce costs through savings on

periodic upgrades and application maintenance.

According to VERITAS, it expects to deliver Ejasent's UpScale and MicroMeasure, a

data center usage reporting solution, in the second quarter of 2004. UpScale will be

available initially on Solaris, with a Linux version set for release in early 2005.

MicroMeasure runs on Solaris, Windows, Linux and HP-UX.

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