Symantec rumoured to acquire Veritas

Symantec is believed to be in advanced talks to acquire storage firm Veritas Software.

A deal could be announced as early as this week and is expected to be worth about $13bn, according to reports in The Financial Times and Wall Street Journal.

If the security firm is successful in a bid, Symantec would increase its presence amongst large enterprises and public sector organisations. Currently much of its anti-virus customer base consists of home users and small businesses.

Symantec chief executive John Thompson has made a number of acquisitions in the past few years to broaden the company?s focus.

In February this year it acquired software distribution and patch management firm On Technology.

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