Cohesity To Acquire Veritas Technologies - Gestalt IT Rundown
Gestalt IT, Wednesday, February 14th, 2024
Cohesity is set to acquire the data protection assets of Veritas in a huge deal. Cohesity will be picking up the NetBackup portfolio as well as SaaS offering Alta.
The move is seen as a huge bolster to Cohesity both in their cloud offerings as well as traditional on-prem enterprise back and data protection. The deal will merge the two companies into a $7 billion. The remaining parts of Veritas that aren't purchased will be rebranded as DataCo.