Will Cohesity acquire Veritas Software?

Data security technology developer Cohesity’s planned acquisition of the enterprise business of data protection powerhouse Veritas Software is on schedule to become a global $2 billion to $5 billion revenue cybersecurity powerhouse.

What's new with Veritas & Cohesity?

Under a joint agreement, Cohesity, a leader in AI-powered data security and management, will combine with Veritas’ data protection business, to create a new leader in the data security and management market, “NewCo.” At the same time, Veritas’ InfoScale, Data Compliance, and Backup Exec businesses will spin-off to form a separate company, “DataCo.”

How much is Cohesity worth?

The newly combined company, also to be called Cohesity, is valued at an estimated $7 billion and will now offer both Cohesity's SaaS protection platform with Veritas' on-premises products. A handful of other Veritas products and assets will become part of a separate company, DataCo.