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Cohesity to Acquire Veritas Technologies | The Gestalt IT Rundown: February 14, 2024
Cohesity is set to acquire the data protection assets of Veritas in a huge deal. Cohesity will be picking up the NetBackup portfolio as well as SaaS offering Alta. The move is seen as a huge bolster to Cohesity both in their cloud offerings as well as traditional on-prem enterrpise back and data protection. The deal will merge the two companies into a $7 billion. The remaining parts of Veritas that aren't purchased will be rebranded as DataCo.
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