Cohesity, a data security company, will acquire Veritas’ data protection division, the two companies announced on January 8. This will create a massive data security and management company estimated to be worth USD 7 billion.
The new company, according to Cohesity, “will work towards the delivery of an integrated solution combining technologies between the two companies, while continuing to invest in and advance the roadmap and strategy of all Cohesity products and services, as well as Veritas NetBackup, NetBackup appliances, and Alta data protection offerings.”
From the announcement, it’s not clear if the “combined company” mentioned will have a new name or if the Cohesity name will stay after the transaction is finished.
Read More: Cohesity to Buy Veritas’ Data Protection Businesses
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