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Carlyle Group and Other Investors to Acquire Veritas Technologies for $8 Billion

By Tony Seruga

A consortium of investors led by the private equity firm the Carlyle Grouphas agreed to acquire the data storage company Veritas Technologies fromSymantec for $8 billion in cash.

Carlyle said on Tuesday that it would acquire the company with the Singapore sovereign wealth fund G.I.C. and other investors.

“Veritas is a market innovator with global scale, an iconic brand and significant growth potential,” Patrick R. McCarter, a managing director at the Carlyle Group, said in a news release.

The transaction is subject to regulatory approval and is expected to close near the end of the year…

Carlyle Group and Other Investors to Acquire Veritas Technologies for $8 Billion

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