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VERITAS & Prassi Partner To License CD-Recording Technology

Prassi's CD-Recording Engine Powers VERITAS Software's New CD-mastering Software

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 13, 2000--Prassi Europe SARL today announced that VERITAS Software has licensed Prassi Europe's Px Engine for CD-R and CD-RW mastering software.

Prassi's Px Engine is embedded in VERITAS MyCD and VERITAS MyCD Pro, VERITAS Software's new CD-recording line designed for the Microsoft Windows desktop market. VERITAS Software plans to deploy the Prassi Px Engine across the entire spectrum of its CD-R/CD-RW software, including the OEM and retail markets. The Prassi/VERITAS Software relationship broadens the base of support for Prassi's CD-recording technology by leveraging the marketing and engineering resources of VERITAS Software, a leader in data availability.

"VERITAS Software's new CD-recording line expands both OEM and retail customers' freedom of choice in selecting robust and easy-to-use CD-mastering software. CD-R/CD-RW enthusiasts look to VERITAS Software, an expert in managing corporate and personal data, to solve their data availability needs," said Gary Lyng, general manager, Desktop and Mobile Business Unit, VERITAS Software. "We chose Prassi's Px Engine for VERITAS MyCD and VERITAS MyCD Pro because we recognize that an efficient and well engineered engine is paramount to our products' success."

"We are pleased and proud that VERITAS Software has selected our CD-recording software Px Engine as the foundation for VERITAS MyCD and VERITAS MyCD Pro," said Patrick Joly, general manager, Prassi Europe SARL. "The breadth and depth of engineering and marketing resources that VERITAS Software brings to the market can only serve to further the acceptance and enjoyment of this exciting technology worldwide."

About Prassi Europe SARL

Prassi Europe SARL was founded in 1999 in Le Mans, France. The company was established to provide a worldwide freedom of choice in easy to use yet remarkably advanced CD and DVD recording software. Today, Prassi Europe's CD and DVD recording applications and technology are marketed worldwide by leading CD and DVD recording manufacturers and software publishers.

Prassi has many new and exciting products currently under development. Please continue to check Prassi Europe's website, http://www.prassieurope.com, for new product announcements. Prassi Europe SARL, worldwide freedom of choice in CD and DVD recording software.

About the VERITAS Desktop and Mobile Business Unit

For the consumer, SOHO (small office, home office) and corporate environments that require protection and management of valuable data residing on desktops and mobile devices, VERITAS Software ensures individual data availability through powerful and easy-to-use storage management software solutions.

Today, these solutions have been adopted by many OEM partners and are also available from the VERITAS Software online store http://store.veritas.com and authorized resellers. VERITAS Software will ensure that devices ranging from PCs, wireless, PDA and home networks will have VERITAS Software technology, assuring easy protection, accessibility and management of data.

This document may include estimates and forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of our products and services, our ability to maintain the quality of our end-user customer and partnering relationships, and our ability to 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 reports on Form 10-K and Form 10-Q on file with the SEC.

VERITAS, VERITAS Software and all VERITAS product names are trademarks or registered trademarks in the U.S. and/or other countries.




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