VERITAS Software Promotes Ken Lonchar to Executive Vice President and Chief Financial Officer

Apr 30, 2001, 01:00 ET from VERITAS Software Corporation

    MOUNTAIN VIEW, Calif., April 30 /PRNewswire/ --
 VERITAS Software Corporation (Nasdaq:   VRTS), The Data Availability Company,
 today announced the promotion of Ken Lonchar to the position of executive vice
 president and chief financial officer (CFO). Lonchar was previously senior
 vice president and CFO.
     Lonchar is responsible for the management and compliance of the company's
 corporate accounting, strategic planning, financial reporting, treasury, tax,
 investor relations and stock administration functions.
     "VERITAS Software is the recognized leader and innovator of storage
 software solutions and is one of the most successful software technology
 companies in the world. VERITAS has experienced this success due to the
 individual contributions of talented and committed individuals such as
 Ken Lonchar," said Gary Bloom, president and chief executive officer,
 VERITAS Software. "With over 13 years experience as a CFO in publicly traded
 software companies, he brings extensive financial expertise to our team and
 has done a superb job of managing VERITAS' financial growth for the past
 four years."
     From 1997 to the present Lonchar has served as chief financial officer for
 VERITAS Software, He was CFO and senior vice president of OpenVision from
 December 1995 until VERITAS Software acquired the company in April 1997. Prior
 to joining OpenVision, Lonchar was senior vice president of finance and
 administration and CFO of Microtec Research, Inc., a publicly traded software
 firm, from 1988 to 1995. Lonchar began his career with the public accounting
 firm of Coopers & Lybrand before working with Symmetricom and Granger
 Associates in expanding financial and operations management roles from 1981 to
 1988. Lonchar is a board member of Geoworks Corporation and Spectra Medical
 Devices as well as the Western States Affiliate of the American Heart
 Association. Lonchar graduated from Arizona State University, where he earned
 his bachelor of administration in accounting. He received his master's degree
 in business administration from Stanford University and is a certified public
 accountant.
 
     About VERITAS The Data Availability Company(TM)
     VERITAS Software Corporation provides essential data availability software
 solutions that enable customers to protect and access their business-critical
 data for Business Without Interruption(TM). The company's corporate
 headquarters is located at 1600 Plymouth St., Mountain View, CA 94043.
 650-335-8000, fax:  650-335-8050, e-mail:  vx-sales@veritas.com, Web site:
 www.veritas.com.
 
     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.
     NOTE:  VERITAS, VERITAS SOFTWARE, the VERITAS logo, Business Without
 Interruption, and VERITAS The Data Availability Company are trademarks or
 registered trademarks of VERITAS Software Corporation in the U.S. and/or other
 countries. Other product names mentioned herein may be trademarks or
 registered trademarks of their respective companies.
 
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SOURCE VERITAS Software Corporation
    MOUNTAIN VIEW, Calif., April 30 /PRNewswire/ --
 VERITAS Software Corporation (Nasdaq:   VRTS), The Data Availability Company,
 today announced the promotion of Ken Lonchar to the position of executive vice
 president and chief financial officer (CFO). Lonchar was previously senior
 vice president and CFO.
     Lonchar is responsible for the management and compliance of the company's
 corporate accounting, strategic planning, financial reporting, treasury, tax,
 investor relations and stock administration functions.
     "VERITAS Software is the recognized leader and innovator of storage
 software solutions and is one of the most successful software technology
 companies in the world. VERITAS has experienced this success due to the
 individual contributions of talented and committed individuals such as
 Ken Lonchar," said Gary Bloom, president and chief executive officer,
 VERITAS Software. "With over 13 years experience as a CFO in publicly traded
 software companies, he brings extensive financial expertise to our team and
 has done a superb job of managing VERITAS' financial growth for the past
 four years."
     From 1997 to the present Lonchar has served as chief financial officer for
 VERITAS Software, He was CFO and senior vice president of OpenVision from
 December 1995 until VERITAS Software acquired the company in April 1997. Prior
 to joining OpenVision, Lonchar was senior vice president of finance and
 administration and CFO of Microtec Research, Inc., a publicly traded software
 firm, from 1988 to 1995. Lonchar began his career with the public accounting
 firm of Coopers & Lybrand before working with Symmetricom and Granger
 Associates in expanding financial and operations management roles from 1981 to
 1988. Lonchar is a board member of Geoworks Corporation and Spectra Medical
 Devices as well as the Western States Affiliate of the American Heart
 Association. Lonchar graduated from Arizona State University, where he earned
 his bachelor of administration in accounting. He received his master's degree
 in business administration from Stanford University and is a certified public
 accountant.
 
     About VERITAS The Data Availability Company(TM)
     VERITAS Software Corporation provides essential data availability software
 solutions that enable customers to protect and access their business-critical
 data for Business Without Interruption(TM). The company's corporate
 headquarters is located at 1600 Plymouth St., Mountain View, CA 94043.
 650-335-8000, fax:  650-335-8050, e-mail:  vx-sales@veritas.com, Web site:
 www.veritas.com.
 
     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.
     NOTE:  VERITAS, VERITAS SOFTWARE, the VERITAS logo, Business Without
 Interruption, and VERITAS The Data Availability Company are trademarks or
 registered trademarks of VERITAS Software Corporation in the U.S. and/or other
 countries. Other product names mentioned herein may be trademarks or
 registered trademarks of their respective companies.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X84757314
 
 SOURCE  VERITAS Software Corporation