VERITAS Software Delivers The Future of Storage in Thailand

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Bangkok--Aug 7--Penner-Madison VERITAS Software Corporation, the world's leading storage software company, today announced that it is committed to deliver industry-leading storage solutions through innovative software technologies and services in Thailand. Eric Hoh, Regional Director, VERITAS Software Asia South, unveiled the company's strategy for growth at VERITAS Storage Symposium 2002 Thailand, the largest storage industry gathering of VERITAS Software's customers and technology partners. Changing business priorities have resulted in the need for organizations to discover new ways of improving the effectiveness of people and assets while delivering improved service levels. At the same time, complex environments and rigid technologies impede companies' ability to adapt to business change and incorporate new vendors or technology innovations. Hoh explains, "In order to remain competitive in the global marketplace, Thai corporations have to be adaptive and responsive to market shifts. An interoperable, cross-platform and resilient software-centric architecture can simplify today's IT environment and provide the flexibility required to adapt quickly while effectively leveraging current and future resources. Interoperability, resiliency, and efficiency are the three keystones of effective storage management, and VERITAS Software's Adaptive Storage Architectureƒ provides common, integrated, and extensible solutions by offering a single platform for managing disparate platforms and hardware devices.'' "Furthermore, with our industry wide partner programs - VERITAS Poweredƒ and VERITAS Enabledƒ - we are uniquely positioned to deliver a wide range of next-generation storage networking products that address customer demands for efficient, reliable and centrally managed storage. We are confident that we can help companies establish heterogeneous storage environments that are easier to manage, more reliable and more adaptive to changing business requirements than today's increasingly complex storage infrastructures," Hoh continued. Industry analysts Gartner and IDC have recognized VERITAS Software as the leader in the backup and recovery, clustering and availability, and volume management/virtualization markets. "VERITAS Software's leadership within all major storage software markets is a testament to the strength of our technology, services and support. We are committed to the Thai market and will continue to innovate and deliver products and services that will help our customers better manage, access and utilize their business-critical information. The VERITAS Storage Symposium 2002 Thailand is an excellent example of how VERITAS is taking the lead in the storage software arena, " he added. "As companies increasingly look to storage software to more efficiently utilize their hardware and people resources, VERITAS Software is already defining the future of storage by allowing companies to architect their storage with innovative software technologies and services. VERITAS Software enables organizations to do more with less and simplify their complex IT environments-something that is essential in a challenging economy," Hoh concluded. The VERITAS Storage Symposium 2002 Thailand showcases the latest in storage technology, innovations, architecture and solutions all in one place. VERITAS Software, together with participating partners Brocade, Hitachi Data Systems, IBM, Sun Microsystems, Quantum and Exabyte explore new ways of managing storage to meet the challenges of technology and business. About VERITAS Software With 5,700 employees in 36 countries and revenue of $1.5 billion in 2001, VERITAS Software ranks among the top 10 software companies in the world. VERITAS Software is the world's leading storage software company, providing data protection, storage management, high availability and disaster recovery software to 86 percent of the Fortune 500. VERITAS Software's corporate headquarters is located at 350 Ellis Street, Mountain View, CA, 94043, Tel: 650-527-8000, fax: 650-527-8050, e-mail: [email protected], Web site: www.veritas.com. Press Contacts: Ms. Buranii Chandraparnik, Penner-Madison & Co., Ltd. Tel: 2711 6891 ext 133; Fax: 2381 8971 [email protected] Aileen Tang, VERITAS Software Tel: (65) 6333 6366, [email protected] This press release may include estimates and forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties, including the risk that we will not gain market acceptance of our products and services, the risk that we will not be able to maintain the quality of our end-user customer and partnering relationships, and the risk that we will not manage our business effectively, that could cause the actual results we achieve to differ materially from such forward-looking statements. For more information regarding potential risks, see the "Factors That May Affect Future Results" section of our most recent report on Form 10-K on file with the SEC. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. Copyright 2002 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS Logo and all other VERITAS product names and slogans are trademarks or registered trademarks of VERITAS Software Corporation. VERITAS and the VERITAS Logo Reg. U.S. Pat. & Tm. Off. Other product names and/or slogans mentioned herein may be trademarks or registered trademarks of their respective companies. End. -SN-

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