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Cohesity to buy Veritas's data protection unit, creating $7 bln company

U.S. data security software
firm Cohesity told Reuters on Wednesday it has agreed to acquire
Veritas s data protection business in a deal that would that
would value the combined entity at $7. ....

New York , United States , San Francisco , Edwina Gibbs , Sanjay Poonen , Anidban Sen , Japan Softbank Group , Carlyle Group , Softbank Group , California Based Cohesity , Haveli Investments , Premji Invest ,

Exclusive-Cohesity to buy Veritas's data protection unit, creating $7 billion company

NEW YORK (Reuters) -U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas's data protection business in a deal that would that would value the combined entity at $7 billion. The cash and stock acquisition is expected help Cohesity, which is backed by Japan's SoftBank Group, achieve positive growth margins, Cohesity CEO Sanjay Poonen said in an interview, adding that the firms together have $1.6 billion in annual revenue. San Jose, California-based C ....

New York , United States , San Francisco , Anirban Sen , Edwina Gibbs , Anidban Sen , Sanjay Poonen , Carlyle Group , Japan Softbank Group , Softbank Group , California Based Cohesity , Haveli Investments , Premji Invest , Data Protection , Softbank Group ,