backup failed with error log Event log 17055 errors

I ran backup from db server to verita backup machine but it was failed by this error,

Event log 17055 errors, is that permisssion issue?  what permission?  does it need sys admin permission?

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greyknight17Connect With a Mentor Commented:
To resolve this issue, simply create  a backup folder under the following directory:
C:\Program  Files\Microsoft SQL Server\MSSQL$BKUPEXEC\.

Got this from the following site:

You might also want to take a look at the following if the above doesn't resolve the problem.
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