Cohesity Becomes World's Largest Data Protection Provider with $1.5B Revenue After Veritas Acquisition

Dec 10, 2024, 05:02 PM

Cohesity has completed its acquisition of Veritas Technologies LLC's enterprise data protection business, positioning itself as the world's largest data protection software provider. The merger, announced today, aims to enhance data security and management through the integration of Cohesity's AI-powered platform with Veritas' assets. The combined company now boasts a revenue exceeding $1.5 billion, marking a significant milestone in the data protection industry. Cohesity's CEO, Sanjeev Spoor, emphasized a commitment to innovation and ensuring no customer is left behind in this new era of data protection. The acquisition has been celebrated by investors and industry observers alike, with Cohesity's rapid growth highlighted as it reached this revenue milestone just 11 years after its founding.