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Symantec sells Veritas to Carlyle for USD 8 billion

2015-08-11 15:34:00| Telecompaper Headlines

(Telecompaper) Symantec has agreed to sell its information management business, known as Veritas, to an investor group led by the Carlyle Group together with GIC, Singapore's sovereign wealth fund, for USD 8 billion. Veritas offers a range of software and systems to help businesses organize, manage and store their information. It had revenues of USD 2.4 billion in 2014 and serves 75 percent of the Fortune 500 countries. Symantec announced last October the decision to spin off the information management business under the name Veritas and consider strategic options for the activities, so it could focus on its core security software business. With the sale to Carlyle, Symantec said it expects to receive a net USD 6.3 billion in cash proceeds, which it will use for capital returns to shareholders as well as investing in its security business. The company already announced a USD 1.5 billion increase in its share buyback programme to a total USD 2.6 billion and said it will maintain its quarterly dividend of 15 cents a share. 

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Bureau Veritas and GBCI Sign Global Agreement for LEED Certification

2015-05-29 07:00:00| Coatings World Breaking News

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Bureau Veritas Cambodia earns LEED certification

2015-02-12 15:20:00| Daily apparel & textile news and comment - from just-style.com

Compliance and quality assurance specialist Bureau Veritas has received LEED platinum certification for its laboratory in Cambodia - making it the company's second building to achieve this level.

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Bureau Veritas develops US trim quality solution

2014-12-18 17:08:00| Daily apparel & textile news and comment - from just-style.com

Compliance and quality assurance specialist Bureau Veritas has developed a trim manufacturing quality programme for the US market.

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Bureau Veritas launches wearable tech solution

2014-11-27 15:49:00| Daily apparel & textile news and comment - from just-style.com

Compliance and quality assurance specialist Bureau Veritas has launched a wearable technology solution in a bid to help support the market in overcoming challenges as sales in this area grow.

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