Veritas to Buy Jareva, Precise Software

From Bloomberg News

Veritas Software Corp. agreed to pay a total of $599 million for two companies whose programs help computers and applications perform more efficiently, to expand beyond products that protect data.

The company will pay $537 million for Israel-based Precise Software Solutions Ltd., whose software spots potential system failures, and $62 million for closely held Jareva Technologies, a Sunnyvale, Calif., maker of programs that automate management of server computers.

Shares of Mountain View, Calif.-based Veritas fell 86 cents to $16.43 on Nasdaq.

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