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                                               Filed By Seagate Technology, Inc.
                                                  Pursuant to Rule 425 under the
                                                          Securities Act of 1933
                              And deemed filed pursuant to Rule 14a-12 under the
                                                 Securities Exchange Act of 1934

                                   Subject Company: VERITAS Software Corporation
                                                   Commission File No. 000-26247



                          VERITAS SOFTWARE CORPORATION

                            PRESS RELEASE CONCERNING

          MULTI-COMPANY TRANSACTION INVOLVING SEAGATE TECHNOLOGY, INC.

                        AND VERITAS SOFTWARE CORPORATION

FOR IMMEDIATE RELEASE


              VERITAS SOFTWARE AND SEAGATE TECHNOLOGY ANNOUNCE S-4
                            DECLARED EFFECTIVE BY SEC

Date Set for Stockholder Meetings for Proposed Multi-Company Transaction

MOUNTAIN VIEW AND SCOTTS VALLEY, CALIF. - OCTOBER 20, 2000 - VERITAS Software
Corporation (Nasdaq: VRTS) and Seagate Technology, Inc. (NYSE: SEG) today
announced that the Form S-4 registration statement for the proposed three-party
transaction involving the sale of Seagate's operating assets to a company
formed by a group of private equity firms led by Silver Lake Partners, followed
by a merger between Seagate and a subsidiary of VERITAS Software, has been
declared effective by the SEC. The stockholder meetings for both companies will
be held on November 21, 2000.

WHERE YOU CAN FIND ADDITIONAL INFORMATION

The SEC maintains a web site, located at http://www.sec.gov, which contains
reports, proxy and information statements and information statements and other
information regarding each of VERITAS Software and Seagate, including the
registration statement and joint proxy statement/prospectus regarding the
business transaction referenced in the foregoing information. Investors and
security holders of both VERITAS Software and Seagate are advised to read the
joint proxy statement/prospectus regarding the transaction when it becomes
available, because it will contain important information. VERITAS Software and
Seagate will mail the joint proxy statement/prospectus concerning the
transaction to their respective stockholders on or about October 23, 2000. Such
joint proxy statement/prospectus will be filed with the SEC by both companies.
Investors and security holders may obtain a free copy of the joint proxy
statement/prospectus (when available) and other documents filed by the companies
at the SEC's web site at http://www.sec.gov. The joint proxy
statement/prospectus and such other documents may also be obtained

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from VERITAS Software or Seagate by directing such requests to the respective
investor relations contacts listed below.

VERITAS Software and its officers and directors may be deemed to be participants
in the solicitation of proxies from VERITAS Software's stockholders with respect
to the proposed transaction. Information regarding such officers and directors
is included in VERITAS Software's proxy statement for its annual meeting filed
with the SEC on April 6, 2000. This document is available free of charge at the
SEC's web site at http://www.sec.gov and from the VERITAS Software investor
relations' contact listed below.

Seagate and its officers and directors may be deemed to be participants in the
solicitation of proxies from Seagate's stockholders with respect to the proposed
transaction. Information regarding such officers and directors is included in
Seagate's proxy statement for its annual meeting of stockholders filed with the
SEC on October 4, 1999, and in its S-4 Registration Statement, as subsequently
amended, on September 3, 1999. These documents are available free of charge at
the SEC's web site at http://www.sec.gov and from the Seagate investor
relations' contact listed below.

ABOUT VERITAS THE DATA AVAILABILITY COMPANY(TM)

VERITAS Software Corporation (Nasdaq:VRTS) provides essential data availability
software solutions that enable customers to protect and access their
business-critical data for Business Without Interruption(TM) . VERITAS
Software's corporate headquarters is located at 1600 Plymouth Street, Mountain
View, CA 94043. Telephone: (650) 335-8000. Fax: (650) 335-8050. Email:
vx-sales@veritas.com. WWW site: http://www.veritas.com/.

ABOUT SEAGATE

Seagate (NYSE:SEG) is a leading provider of the Internet Infrastructure enabling
people to store, access, and manage information. The Company is committed to
providing best-in-class products to help people get information when, where and
how they want it. Seagate is the world's largest manufacturer of disc drives,
magnetic discs and read-write heads, an innovator in tape drives, Storage Area
Network (SAN) solutions and a leading developer of Business Intelligence
software. Seagate can be found around the globe and at http://www.seagate.com.
For automated news, stock and financial information by phone, dial toll-free 877
SEG NYSE. Outside the U.S. and Canada, dial 760-704-4368.

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FOR MORE INFORMATION CONTACT:

Erin Jones, Public Relations, VERITAS Software
805-783-4528, erin.jones@veritas.com

Dave Galiotto, Investor Relations, VERITAS Software
650-318-4047, dave.galiotto@veritas.com

Woody Monroy, Media Relations, Seagate Technology, Inc.
831-439-2838, woody_monroy@seagate.com

Bill Rowley, Investor Relations, Seagate Technology, Inc.
831-439-2371, bill_rowley@seagate.com

Seagate Technology and Seagate are the registered trademarks of Seagate
Technology, Inc. All other trademarks are the property of their respective
owners.

This press release 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 risks and uncertainties
described the Form S-4 filed with the SEC by VERITAS Software that will be
contained in the joint proxy statement/prospectus regarding the business
transaction referenced in the foregoing information to be mailed to the

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stockholders of both companies, which 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.

Copyright 2000 VERITAS Software Corporation. All rights reserved. VERITAS,
VERITAS SOFTWARE, the VERITAS logo, Business Without Interruption, VERITAS The
Data Availability Company, are trademarks or registered trademarks of VERITAS
Software Corporation in the US and/or other countries. Other product names
mentioned herein may be trademarks or registered trademarks of their respective
companies.