Summary
Cohesity CEO Sanjay Poonen discusses the Veritas integration, focusing on customer benefits, AI innovation, and the company’s IPO readiness. He emphasizes Cohesity’s commitment to existing Veritas customers, highlighting the enhanced security and AI capabilities now available. Poonen also shares Cohesity’s roadmap for future innovation and growth, emphasizing their “public-ready” status.
See how TrueNAS has transformed companies worldwide with Esdebes expertise.
** Main Story**
Okay, so Cohesity’s move to grab Veritas’ enterprise data protection arm? It’s a pretty big deal, shaking up the whole backup tech world, right?
Sanjay Poonen, the CEO, he’s got a clear vision. And honestly, it sounds pretty compelling. First, it’s all about getting Veritas’ existing customers on board smoothly. Then, it’s about using AI to do some really cool stuff with data management. Finally, they’re setting the stage for a successful IPO. This isn’t just a merger; it positions Cohesity as a major player in data security going forward.
Cohesity + Veritas: Strength in Numbers
Poonen sees Cohesity and Veritas working together as one, providing all the data protection and management solutions you could want. A huge part of this is making sure Veritas’ 8,000 customers don’t get left in the lurch. They’re promising ongoing support and highlighting what Cohesity brings to the table. Things like better security and those AI-powered insights that can really unlock data’s potential.
He’s even talking about a “no customer left behind” policy. Which sounds great, but what does that really mean practically speaking? Well it seems to mean supporting both Veritas and Cohesity products going forward. That’s reassuring, isn’t it?
AI: The Future is Now
Now, let’s talk AI. Cohesity is clearly betting big on it. Think of their knowledge discovery assistant, Gaia. It’s all about helping businesses find valuable insights in their data. And let’s be honest, everyone’s talking about using data to make better decisions and get a better ROI. So, by building AI right into its platform, Cohesity wants to be a leader in this next wave of data management. I mean, it makes sense, doesn’t it? You want to be ahead of the curve, not behind it.
IPO: Are They Ready for Prime Time?
Remember when Cohesity first filed for an IPO back in 2021? Yeah, well, the market wasn’t exactly cooperating, so they held off. That said, with the Veritas deal happening, Poonen’s reiterating that they’re serious about going public. Apparently, they’ve already picked their bankers and are laser-focused on showing that the integration is working and that the company is performing well. They want to be ready to jump when the market’s right. It shows confidence, don’t you think? They believe in their long-term prospects and are preparing to operate in the full glare of public scrutiny.
What About the Customers?
During all this, Poonen knows that customers are going to have questions, and maybe even some concerns. Therefore, he’s promising clear communication and transparency about the product roadmaps and future plans. Customers need to understand the benefits and not feel like things are being disrupted unnecessarily. It’s all about building trust and showing that they’re committed to their customer base. Plus, they’re planning to keep investing in both Cohesity and Veritas products, working towards a future solution that blends the best of both. Because let’s face it, you can’t just abandon what works.
A Data Security Powerhouse
So, to sum it all up, Cohesity buying Veritas’ data protection business, that’s a real turning point. The combined company now serves over 12,000 customers, including a ton of Fortune 500s, and they’re projecting revenue of around $2 billion for fiscal year 2025. With Poonen at the helm, and with their emphasis on keeping customers happy, driving AI innovation, and getting ready for an IPO, Cohesity looks poised to become a major player in the data security arena. It’s a powerful combination of resources and expertise, poised to shape the future of data protection and management, wouldn’t you agree?
The “no customer left behind” policy sounds promising. I wonder how Cohesity plans to handle technical debt and product overlap between the two platforms in the long term, ensuring a seamless experience for all users?
That’s a great point! Addressing technical debt and product overlap is definitely key to ensuring a smooth transition. Cohesity has mentioned a phased approach to integration, leveraging AI to identify synergies and streamline functionalities. Hopefully, this will minimize disruption and maximize the benefits for all users. More info to come as the integration progresses!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
The emphasis on AI-driven insights is particularly interesting. How will Cohesity ensure these insights are actionable and easily integrated into existing workflows for Veritas customers, maximizing the value of their data assets?
That’s a fantastic question! Cohesity is focusing on intuitive interfaces and pre-built integrations to make those AI insights immediately usable. The goal is to seamlessly surface relevant findings within existing dashboards and reporting, empowering users to take action without requiring specialized expertise. It will be exciting to see these benefits come to fruition.
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
Cohesity’s commitment to supporting both Cohesity and Veritas products is a reassuring sign for customers. How will Cohesity balance feature development across both platforms while working towards that unified future solution?
That’s a really important question! Balancing feature development requires a strategic approach. Cohesity is looking at user feedback and data analysis to prioritize features that bring the most value to both sets of customers. I will share more on this as information becomes available!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
$2 billion in revenue by fiscal year 2025? That’s quite a claim! I’m curious, what percentage of that revenue is projected to come from upselling AI-driven solutions to existing Veritas customers versus new customer acquisition? Just trying to gauge the real AI impact!
That’s a very insightful question! While I don’t have the exact breakdown of projected revenue sources, the expectation is that both upselling AI solutions and new customer acquisition will be significant contributors. Successfully integrating AI is key to unlocking new value for Veritas customers and attracting new ones, driving overall growth. Looking forward to seeing how this unfolds!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
Given the emphasis on AI innovation, what specific metrics will Cohesity use to measure the success of Gaia in improving ROI for its expanded customer base post-integration?
That’s a great question. While specific metrics will vary, key indicators will revolve around improvements in data recovery times, threat detection accuracy, and overall operational efficiency for the expanded customer base post-integration. Tracking these improvements will demonstrate Gaia’s impact on ROI. More info to come!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
$2 billion by 2025, with an IPO on the horizon? Ambitious! I’m curious, what’s the plan to ensure that the “full glare of public scrutiny” doesn’t melt down that AI-driven ice cream before we all get a taste?
That’s a fun analogy! To ensure a smooth IPO process, Cohesity is prioritizing transparent reporting and compliance, establishing robust internal controls, and engaging proactively with stakeholders. It’s about building a solid foundation that can withstand the heat and deliver consistent results. More information to come!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
“No customer left behind” sounds lovely! But will that “blended” future solution be a data smoothie everyone actually *wants* to drink? Or will some be gagging for a straight shot of the old stuff?
That’s a fun way to put it! We are committed to a flexible approach. If customers prefer to leverage their existing setups, they can continue to do so. The goal is to offer options, not mandates. The ‘blended’ future aims to bring new capabilities when and where it adds value, but the choice will always be with the customer. Great point!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
$2 billion by 2025, eh? With Veritas in tow, will that AI-powered knowledge discovery assistant, Gaia, need a serious upgrade to handle *that* much more data? Just wondering if it’s ready to become a digital detective on steroids!
That’s a great question! We’re constantly evaluating and optimizing Gaia’s architecture to ensure it can handle increasing data volumes and complexity. The team is focused on scalability and performance, so it can continue to deliver accurate and timely insights even as the data grows. Stay tuned for updates!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe
Given the focus on seamlessly integrating Veritas’ existing customer base, what strategies are being considered to address potential differences in data governance policies between the two platforms, ensuring compliance and data sovereignty?
That’s a critical point about data governance and sovereignty! We’re exploring several avenues, including customizable policy mappings and regionalized data storage options, to accommodate different requirements. We are aiming for a solution that provides both flexibility and robust compliance controls. Thanks for raising this important issue!
Editor: StorageTech.News
Thank you to our Sponsor Esdebe