AI data security company Cohesity has finalised its merger with Veritas’ enterprise data protection business, becoming the world’s largest data protection software provider as measured by market share.
The enlarged Cohesity will serve over 12,000 customers and protect hundreds of exabytes of the world’s data. With the completion of the merger, Cohesity offers broad workload support and one of the largest partner ecosystems in the data protection industry.
“This is a major milestone in the eleven-year history of Cohesity, whose mission is to protect, secure, and provide insights into the world’s data,” said Cohesity CEO Sanjay Poonen.“By combining Cohesity’s scale-out architecture and strong generative AI and security capabilities with Veritas’ broad workload support and extensive global footprint, our customers and partners stand to gain more value from their data than ever.”
The combination of Cohesity with Veritas’ data protection business provides customers with:
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Industry-leading innovation and capabilities: The combined company will offer cloud-scale and AI-powered data security and management, generative AI-driven insights, an easy-to-use management interface, and a comprehensive multi-cloud data protection portfolio. Cohesity now supports the broadest range of workloads within a highly scalable modern architecture;
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Peace of mind for current customer investments: For years to come, Cohesity will continue to invest in and advance the roadmap and strategy for all products brought from both companies into the new combined portfolio. This includes all existing Cohesity products and services and all the Veritas solutions covered by the combination agreement, including Veritas NetBackup, Veritas NetBackup appliances, and Veritas Alta data protection offerings;
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Global scale and support: With an industry-leading net promoter score and a global go-to-market footprint, Cohesity now supports a combined global, follow-the-sun customer success organisation. Cohesity is committed to helping enterprises succeed by consistently providing positive outcomes for customers’ support experience and needs;
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Advanced AI capabilities: Patent-pending, first-to-market AI capabilities offer customers tremendous data management, protection, and resiliency benefits and help them gain more significant insights and create value for the whole company from their data; and
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Strong partner ecosystem: The combined company brings together one of the industry’s largest partner ecosystems, covering cloud service providers, security players, VARs, system integrators, MSPs, technology ecosystem partners, distribution partners, and hardware OEMs.
The expanded go-to-market breadth, geographic footprint, and research and development resources will allow the combined company to accelerate new customer adoption and help drive the deployment of innovative solutions within the fast-growing data security and management segment. The transaction values the combined company at over USD7 billion.
