For awhile, it appeared the rampant consolidation of 2003 would have little carryover to 2004. Then, just in the past week, two major deals hit with snowstorm speed: Symantec Corp.'s (Nasdaq: SYMC) blockbuster buy of Veritas Software Corp. (Nasdaq: VRTS) and EMC Corp.'s (NYSE: EMC) grab of System Management Arts Inc. (Smarts).
Sandwiched between those two on our Top 10 list for 2004: the closing of Cisco Systems Inc.'s (Nasdaq: CSCO) drawn-out purchase of Andiamo Systems Inc. The remainder of the list represents a smattering worthy of a holiday fruitcake.
Herewith, the Byte and Switch Top 10 M&A's of 2004:
No. 10: Veritas Nabs Ejasent