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Veritas warns of ‘databerg’ hidden dangers

Deep Web

Backup specialist Veritas Technologies claims European businesses waste billions of euros on huge stories of useless information which are growing every year. By 2020 it claims the damage caused by this excessive data will cost over half a trillion pounds (£576bn) a year.

Symantec to sell IM business Vertias for $8.9bn

Symantec is selling its IM business to an investor consoritum

Digital security heavyweight Symantec announced this week it would sell its information management business, Veritas, to a group led by The Carlyle Group together with GIC, Singapore’s sovereign wealth fund, for a total of $8.3bn.

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