provider of storage software, announced today that it has reached a definitive
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agreement to acquire Ejasent, Inc., a developer of application virtualization
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technology for utility computing. Under the terms of the agreement, VERITAS will
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acquire Ejasent (ejasent.com) for $59 million
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in cash.
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The company said the acquisition is expected to be completed by the end of January
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2004.
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VERITAS said acquiring Ejasent’s application virtualization technology will help it
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accelerate development of its utility computing strategy.
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“Simplifying the management of IT infrastructure that is ‘always on’ for end-users
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is a fundamental objective of utility computing. Ejasent’s technology adds another
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key building block to the VERITAS portfolio,” said Mark Bregman, executive vice
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president of product operations for VERITAS Software. “Live application migration
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can cut server maintenance and upgrade time from hours to minutes, freeing valuable
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IT resources to work on other projects while at the same time improving application
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availability for end-users.”
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Upon completion, Ejasent will become part of VERITAS’ High Availability/Clustering
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group.
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“The Ejasent team is pleased to be joining with VERITAS to accelerate the delivery
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of advanced utility computing technologies,” said Rajeev Bharadhwaj, co-founder and
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chief technology officer for Ejasent. “Ejasent’s application virtualization
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technology is highly complementary to VERITAS’ products, and it will become an
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important building block as VERITAS enables utility computing.”
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Ejasent’s flagship product UpScale migrates applications between servers in near
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real-time. VERITAS said UpSale allows IT managers to reduce costs through savings on
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periodic upgrades and application maintenance.
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According to VERITAS, it expects to deliver Ejasent’s UpScale and MicroMeasure, a
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data center usage reporting solution, in the second quarter of 2004. UpScale will be
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available initially on Solaris, with a Linux version set for release in early 2005.
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MicroMeasure runs on Solaris, Windows, Linux and HP-UX.
