Cohesity, known for its expertise in AI-powered data security and management, and Veritas, recognised for its leadership in ensuring the resilience of data across multiple cloud platforms, have unveiled a partnership agreement.
As part of this arrangement, Cohesity plans to integrate with Veritas’ data protection division, which will be separated from Veritas, with the aim of establishing a new frontrunner in the field of data security and management.
The companies say the combined innovations of Cohesity and Veritas will offer organisations a multicloud data protection portfolio with a simple user experience, and a high-performance, centrally-managed hyperconverged platform. And that this will create a new leader in data security and management with numerous product offerings to help customers address their needs for data security and data insights.
A statement from Cohesity says that the combined company will continue to invest in and advance the roadmap and strategy of all Cohesity products and services, as well as Veritas NetBackup, NetBackup appliances and Alta data protection offerings, while working towards the delivery of an integrated solution combining the best technology across the two companies.
Sanjay Poonen, President and CEO of Cohesity, said: “This deal will combine Cohesity’s speed and innovation with Veritas’ global presence and installed base. We will lead the next era of AI-powered data security and management by bringing together the best of both product portfolios – Cohesity’s scale-out architecture ideally suited for modern workloads and strong Generative AI and security capabilities and Veritas’ broad workload support and significant global footprint, particularly in the Global 500 and large public sector agencies.”
Poonen added that existing products will be supported for many years.
Greg Hughes, CEO of Veritas, said: “Veritas and Cohesity share a common vision of empowering businesses to protect their critical data assets in the face of evolving cyberthreats and complex hybrid cloud environments. Bringing Veritas’ differentiated cloud-native architecture to Cohesity’s strong innovation engine will ideally position us to offer our customers transformative solutions against cyberattacks while delivering the flexibility and scalability required to thrive in the multicloud era.”
The transaction has been unanimously approved by each of Cohesity’s and Veritas’ boards of directors and is expected to close by the end of 2024, subject to regulatory approval and other customary closing conditions.
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