STORAGE

MOUNTAIN VIEW, CA -- VERITAS Software Corporation (Nasdaq: VRTS) today announced an agreement with IBM to jointly deliver storage management solutions for complex multi-vendor storage environments. The agreement increases freedom of choice for companies implementing fully integrated storage and data infrastructure solutions. Under the agreement, IBM Global Services will add VERITAS Software's products to its data infrastructure services for all major platforms including AIX, Linux, Solaris, HP-UX and Windows. IBM Global Services will provide enterprise consulting, implementation, support and maintenance services as part of its multi-vendor coordinated point of contact for information technology solutions tailored to the specific needs of joint customers. "Our clients are asking for multi-vendor solutions to address their interoperability challenges in managing heterogeneous storage environments," said Don Bradford, general manager of IBM Storage Services. "This offering combines the strengths of VERITAS Software and IBM's comprehensive services portfolio to address the data infrastructure needs of our clients' e-business initiatives." IDC estimates the worldwide storage software market will grow to $10.7 billion by 2005. "Support and services are critical factors in storage management implementations and demand will continue to grow," said Bill North, director of storage software research, IDC. "This collaboration enables IBM to add a leading storage management software solution to its product arsenal." VERITAS Software provides the expertise and technology required to manage heterogeneous storage in open environments. The full scope of VERITAS Software's portfolio will be available to customers of IBM Global Services. These products provide storage management solutions for disaster recovery, data protection, storage virtualization, high availability and storage-area networking. This agreement complements IBM Global Services' comprehensive data infrastructure services portfolio of consulting, e-commerce, backup and recovery, availability, IT optimization and security. This relationship enables IBM and VERITAS Software to offer customers a single source for all their consulting and integration needs. "VERITAS Software and IBM deliver compelling value to customers by extending services, technology and solution competencies across the high-growth data infrastructure marketplace," said Don Foster, vice president of partner sales, VERITAS Software. "Providing IBM Global Services with access to VERITAS Software's leading storage software solutions significantly strengthens the ability of the two companies to deliver enterprise storage management solutions that most appropriately fit individual customers' needs and further their return on investment in storage infrastructure." The VERITAS Software and IBM Global Services agreement will be rolled out in phases and will be available immediately in the United States, Canada and Latin America. Subsequent phases of the agreement will include Europe and Asia Pacific. In addition, the two companies have agreed to team on joint sales and marketing programs to promote these solutions in every region of the world. For additional information visit www.veritas.com