A-PAC to remain fastest growing region for Veritas

Circuit EC/Mumbai

Despite the global economic slowdown, A-PAC remains the fastest-growing region for Veritas Software, the world’s largest independent storage software management company, and an area which will accelerate in 2002 as the company continues to expand in key markets with China, Korea and India remaining top priorities. “We see tremendous opportunities in A-PAC in the year ahead and have resolved to invest significantly to expand our engineering, marketing, sales and technical capabilities for this market,” says Gary Bloom, chairman, president and CEO of Veritas Software.

Excluding Japan, the company recorded 100 percent revenue growth for the past two years in the region, with Asia North (China, Hong Kong, Korea and Taiwan) representing the largest revenue generating area. The company has established offices in Australia, China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Taiwan, while Indonesia and IndoChina offices are expected to open this year. The company has opened a key research centre in Pune as part of its annual $3 billion global research and development programme.

“The proliferation of the Internet and data-intensive applications coupled with large scale infrastructure projects in the emerging markets of China and India will help boost demand for the storage. Because of this, we are confident that A-PAC region will remain a key driver for revenue growth at Veritas,” said Bloom.