Cain says Veritas is in fine fettle as able Symantec preps for split

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The split

Veritas' operational separation from Symantec should take place in the first week of October this year, with the legal separation set for January 4, 2016. The acting general manager is John Gannon. Symantec is going to set up a Veritas board and that board will choose and hire a CEO for Veritas.

This contrasts with HP, which is similarly splitting itself into two, where the pair of CEOs have already been identified.

At the split point Veritas will have aproximately $2.6bn in annual revenues from its four lines of business.

There will be some 8,200 employees, with 4,400 in products and support, 2,900 in sales and marketing, and 900 in the general business administration area. All the product, support, sales and marketing people have been identified and are, we're told by Cain, completely focussed on Veritas already.

The strategy Cain has outlined provides a logical framework for product development, and should resonate well with customers and keep them on-side, as Veritas separates itself from Symantec and sets out on a solo path. Its CEO could well be John Gannon, an ex-USAF pilot, who came to Symantec in 2005 after five years at Quantum, where he rose to be president and chief operating officer. He sent seven years at HP before Quantum.

Can he get Veritas flying again? That is the big question.

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