History (1998): Veritas to Acquire TeleBackup Systems

Veritas Software signed a definitive agreement to acquire TeleBackup Systems in Calgary, Canada, in exchange for approximately 1.7 million shares of Veritas stock.

TeleBackup provides a remote backup and restore product called TSInfoPRO.

This article is an abstract of news published on issue 128 on September 1998 from the former paper version of Computer Data Storage Newsletter.