Cohesity’s recent acquisition of Veritas’ data protection business is set to reshape the landscape of data management and security. Sanjay Poonen, CEO of Cohesity, announced that this strategic move aims to broaden the company’s reach and enhance its offerings by combining advanced security measures with cutting-edge AI technology. The acquisition is expected to integrate seamlessly with Veritas’ existing solutions, providing a smooth transition for current customers while expanding Cohesity’s footprint to cover 90% of Fortune 100 firms.
A key component of this acquisition is the partnership with Nvidia, which will integrate AI capabilities into Cohesity’s data protection solutions. Poonen emphasized that the incorporation of AI will not only bolster data security but also enable deeper insights into data management. This approach addresses the growing need for businesses to protect their data from cyber threats while also leveraging it effectively to gain strategic advantages.
Poonen outlined that the acquisition and subsequent AI integration align with Cohesity’s mission to protect and extract value from data. The focus is on ensuring data resilience against cyberattacks and enhancing the ability to derive actionable insights from it. This dual approach will help clients transform their data from a potential liability into a powerful asset, enabling better decision-making and risk management.
In addition to the acquisition, Poonen also discussed Cohesity’s roadmap for the future, including plans to become a publicly traded company. His background, including significant leadership roles at VMware and SAP, underscores his experience in driving growth and innovation. The acquisition of Veritas marks a pivotal moment for Cohesity, positioning it to lead in the data protection sector with enhanced capabilities and a broader market presence.
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