Cohesity, an AI-powered data security company, has officially completed its merger with Veritas’ enterprise data protection business, creating the largest data protection software provider in the world. The combined entity, now serving over 12,000 customers including major companies from the Fortune 100 and Global 500, will protect hundreds of exabytes of data. This merger establishes Cohesity as a dominant player in the data protection market, boasting the broadest workload support and a vast partner ecosystem. With over $1.7 billion in revenue for the fiscal year ending July 2024, the company is poised to accelerate its innovation and expand its global footprint.
The merger enhances Cohesity’s ability to offer cloud-scale and AI-powered data security and management solutions. By integrating Veritas' advanced data protection solutions, such as NetBackup and Alta, Cohesity strengthens its position at the intersection of multi-cloud, security, and AI. The company is committed to providing long-term support for both legacy products and its new portfolio, ensuring customers benefit from cutting-edge cybersecurity and data insights. Cohesity has a total addressable market of over $40 billion.
