Customers and partners benefit from focused R&D investments and accelerated product innovation, including expanded cloud, security and AI capabilities.
Data security vendor Cohesity will acquire the data protection business of Veritas in a stock and debt transaction resulting in a combined firm by the end of this
The deal comes at a time when Cohesity s biggest competitor Rubrik is, according to sources, planning to launch a stock market flotation in the coming weeks.
Analysts Robert Kramer and Patrick Moorhead explain why Cohesity s planned acquisition of Veritas, announced this week, will shake up the data protection market.
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