In a significant development for the data protection industry, Cohesity has announced the completion of its combination with Veritas’ enterprise data protection business, establishing itself as the world’s largest data protection software provider. This strategic move not only expands Cohesity’s customer base to over 12,000 enterprises, including many Fortune 100 and Global 500 companies, but also significantly enhances its technological capabilities and market reach. With a strong focus on AI-powered data security and a robust global presence, Cohesity is poised to transform how businesses manage and secure their data.
Cohesity’s Strategic Acquisition of Veritas
With the acquisition of Veritas’ data protection business, Cohesity has dramatically scaled its operations and now boasts the largest market share in the worldwide data protection software industry. This merger combines Cohesity’s innovative scale-out architecture and advanced AI capabilities with Veritas’ extensive workload support and global footprint. This strategic combination aims to offer unprecedented value to customers, helping them to manage data more securely and efficiently in a cyber environment that is becoming increasingly complex.
Enhancing Data Security with AI and Innovation
The integration of Cohesity and Veritas technology has resulted in a robust set of data security and management features, prominently featuring AI-driven solutions. Cohesity now offers GenAI-driven insights and advanced Zero-Trust security principles to provide enhanced protection against a growing array of cyber threats. This technology integration empowers businesses to not only secure data but also leverage it for significant business insights and value creation, marking a leap forward in data protection technology.
Future Outlook and Industry Impact
With a combined market presence, Cohesity is now targeting a total addressable market worth over $40 billion. The company’s expanded R&D resources and geographic footprint are set to accelerate the deployment of innovative solutions, reinforcing its position in a fast-growing segment. The transformative effects of this acquisition are expected to resonate across the global data security landscape, setting new standards for innovation and customer value in data management.
This strategic expansion positions Cohesity at the forefront of the data protection industry, ready to meet the evolving needs of global enterprises. By harmonizing their extensive technological resources and expertise, Cohesity is not only ensuring a deeper and broader protection of the world’s data but also setting a new benchmark for innovation in the tech world. As businesses continue to face increasing data threats, Cohesity’s enhanced capabilities and global reach will play a pivotal role in defining the future of enterprise data protection.
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