News Release

Veritas Unveils Major Advances in Cloud Backup and Turbocharges Performance with the Release of NetBackup 7.7

NetBackup™ 7.7 Expands Virtualization Integration and Delivers Intelligent Policy Enhancements

MOUNTAIN VIEW, Calif. – July 7, 2015 – Veritas, Symantec’s (Nasdaq: SYMC) information management business, today announced the latest release of its enterprise-class data protection solution, Veritas NetBackup™ 7.7. Among its powerful new capabilities, the industry-leading solution includes features that greatly expand the effectiveness of backup and recovery operations that utilize cloud storage services, adding support for new cloud providers and increasing performance by up to thirty times.

“Today many enterprises are adding cloud storage to their menu of backup storage choices to gain the advantages of elasticity, agility, and OpEx pricing, or simply to replace tape,” says Ana Pinczuk, Senior Vice President, Backup and Recovery for Veritas. “NetBackup 7.7 is designed to exploit these storage alternatives in a much more optimal way, enabling IT organizations to easily incorporate cloud storage into their backup strategy, without compromise.”

This latest release greatly enhances the performance and interoperability of backups directed to cloud storage services such as those offered by Amazon Web Services (AWS), Google, Hitachi Data Systems (HDS), Verizon, and Cloudian. NetBackup 7.7 also introduces breakthrough integration with VMware® vSphere Virtual Volumes, Microsoft® Hyper-V, NetApp clustered Data ONTAP® (cDOT), and Microsoft SQL Server™, and delivers enhanced self-service capabilities that allow both IT and non-IT users to independently manage and control backup and recovery activities using intuitive interfaces combined with native tools.

“As the sheer volume and scope of enterprise data continues to increase, businesses need better tools to adequately protect their data against loss. NetBackup 7.7 is designed to provide faster, easier recovery with enhanced performance and efficient storage techniques to manage data protection at every layer of the stack,” said Phil Goodwin, Research Director, Storage Systems and Software at IDC. “These new enhancements can help businesses take advantage of the cost efficiencies and operational agility of cloud storage, by improving performance and expanding the choice of service providers.”

The new cloud connector introduced in NetBackup 7.7, designed on Amazon Simple Storage Service (Amazon S3), is optimized to significantly improve backup and restore times for Amazon S3-compatible cloud storage targets. The new connector takes advantage of multi-streaming and other techniques to fully utilize network bandwidth, significantly reducing backup and recovery times when compared to previous releases. In addition, NetBackup 7.7 supports cloud gateways from NetApp and AWS using a tiered approach to replicate backup data to cloud storage.

NetBackup’s innovative Auto Image Replication (AIR) feature is also integrated with cloud services – enabling businesses to efficiently replicate catalog and backup data in a cloud environment, while efficiently preserving the de-duplicated state of backups. New Intelligent Policies for Microsoft Hyper-V and Microsoft SQL Server help enterprise IT organizations scale faster, increase flexibility, and provide the appropriate controls to the right people.

Veritas NetBackup 7.7 converged platform simplifies infrastructure management and has advanced automated processes and controls to protect complex physical and virtual environments.Longtime NetBackup customers and partners commented on the new version of the enterprise backup and recovery solution.

“Datalink and Veritas have had a long history of success together. NetBackup is our go-to solution for enterprise backup and recovery solutions,” said Mike Spindler, Practice Director, Data Protection and Storage at Datalink. “We are excited for Veritas NetBackup 7.7 and the enhancements with the cloud, Microsoft Hyper-V, and enhanced data protection of array based snapshots & replication. We look forward to helping customers reduce costs and complexity while improving their ability to meet business needs.”

“NetBackup has been a trusted solution in enterprise backup and recovery, safeguarding one of our company’s most valuable assets – our data,” said Mr. Richard Morris at Colt Technology Services Group. “We’re excited about the advancements coming with NetBackup 7.7, including its growing list of cloud providers and increased cloud performance. We will continue to entrust our data to the Veritas team to enable us to easily manage our information and ensure availability when and where we need it.”

Veritas NetBackup 7.7 is available now through the company’s channel partners, as well as directly through Veritas. For additional information on NetBackup 7.7, please visit:http://veritas.symantec.com/backup.

About Veritas Technologies Corporation

Veritas Technologies Corporation, the information management company that will emerge from the separation from Symantec, will enable organizations to harness the power of their information, with solutions designed to serve the world’s largest and most complex heterogeneous environments. The Veritas business works with 86 percent of Fortune 500 companies today, improving data availability and revealing insights to drive competitive advantage. Veritas generated $2.6 billion in revenue for Symantec in fiscal year 2015.

About Symantec

Symantec Corporation (NASDAQ: SYMC) is an information protection expert that helps people, businesses and governments seeking the freedom to unlock the opportunities technology brings -- anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company's more than 19,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2015, it recorded revenues of $6.5 billion. To learn more go towww.symantec.com or connect with Symantec at: http://www.symantec.com/social/.

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This press release contains statements regarding our strategic direction, which may be considered forward-looking within the meaning of the U.S. federal securities laws, including; statements with respect to the proposed timing of the separation. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include those related to: risks related to the separation of the company into the security business and the information management business, general economic conditions; maintaining customer and partner relationships; the anticipated growth of certain market segments, particularly with regard to security and information management; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; the timing and market acceptance of new product releases and upgrades; the successful development of new products, and the degree to which these products and businesses gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. We assume no obligation, and do not intend to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors sections of our Form 10-K for the year ended March 28, 2014.