Cohesity and Veritas: A New Era in Data Protection

Summary

Cohesity’s acquisition of Veritas’ enterprise data protection business has created the world’s largest data protection software provider. This merger combines Cohesity’s AI-powered data security and Veritas’ extensive workload support, offering enhanced data protection and insights. The move solidifies Cohesity’s position as a leader in the evolving landscape of data resilience.

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Main Story

Okay, so you’ve probably heard that Cohesity just finalized its acquisition of Veritas’ enterprise data protection biz, and it’s a pretty big deal. I mean, we’re talking about a major shake-up in the data protection world. This move effectively creates what’s being called the world’s largest data protection software provider in terms of market share. Think about it; over 12,000 customers, including a ton of Fortune 100 and Global 500 companies are now under the same umbrella. This definitely solidifies Cohesity’s position; they’re a major player in data resilience, no doubt about it.

Speaking of big numbers, the combined company is boasting some impressive financials; $1.5 billion in annual recurring revenue, and a 28% adjusted cash EBITDA margin. That’s, frankly, pretty huge. What’s more is that Cohesity hit that $1.5 billion revenue mark in just 11 years. Which is, they say, the fastest any data protection company has ever done that. This kind of rapid growth, coupled with the strong financial performance, really underscores just how crucial robust data protection solutions are becoming.

Now, what exactly does this merger mean? Well, it brings together the best of both worlds. Cohesity brings some real strengths to the table, particularly in AI-powered data security, along with some modern scale-out architecture, and generally cutting-edge data management tech. Veritas, on the other hand, offers this enormous global reach, a huge number of clients, particularly in enterprise, and a wide range of workload support. Together it looks like they can create a really comprehensive platform that really meets the evolving data protection needs that we are seeing from businesses today. It’s a shift from those fragmented, point solutions from the past, and more toward a unified platform based approach for managing your data, which, frankly, makes sense considering the increasing complexity of IT infrastructures, and the sheer volume of data being generated these days.

This isn’t just about grabbing market share though, it’s a reflection of a big shift towards data resilience as a whole. And when I say data resilience I’m talking about everything from your data security posture management, to data compliance and governance, backups and recovery etc, it’s the entire package. Think about it, data isn’t just a ‘byproduct’ of business, its becoming the product, and because of this it’s becoming increasingly valuable, and of course vulnerable. And the more sophisticated AI becomes, the more crucial this becomes. Gone are the days of being able to just react to a problem, you’ve got to be proactive.

Cohesity has pledged to not leave any customers behind, which is a relief to those with existing products from both sides of the merger. But you know, in the long-run, the success really comes down to how well they integrate everything, and how much innovation they can bring forward. Their challenge is to combine the platforms in a way that creates a unified and seamless experience for customers. This will mean consolidating product catalogs, streamlining management on Cohesity’s Helios platform, and making sure Veritas’s API connectors work well across the various vendor solutions. It’s a hefty task, I’m sure.

Integration, however, is never simple. Combining two large companies, especially with product overlap, requires some careful planning and execution. They’ll need to address redundancies and make sure the operations transition well. How well Cohesity navigates this will ultimately decide how successful this merger ends up being. Think of it like building a great Lego castle, it’s easy to put a load of blocks together, but for it to work well, you need to plan it out properly.

Ultimately, this acquisition really highlights the importance of data in the modern business world. It’s more than just a byproduct of our operations; it’s become a strategic asset that needs protection, management, and to be leveraged for insights. Cohesity has put itself at the forefront of this data-centric world, empowering businesses to both protect and unlock the full potential of their data. In a landscape that is continually changing, Cohesity’s platform does offer a compelling option for organizations seeking comprehensive data protection and resilience. It’s an interesting time in the industry, for sure.