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The deal comes at a time when Cohesity's biggest competitor Rubrik is, according to sources, planning to launch a stock market flotation in the coming weeks.
GUEST OPINION: The rapid growth of quantum computing technology may catch unprepared institutions off guard, with detrimental impacts on cybersecurity...
NEW YORK, Feb 7 - SoftBank Group -backed Cohesity told Reuters on Wednesday it agreed to acquire the data protection business of information technology company Veritas,...
U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas's data protection business in a deal that would that would value the combined entity at $7...
NEW YORK (Reuters) -U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas's data protection business in a deal that would that would value the combined entity at $7 billion. The cash and stock acquisition is expected help Cohesity, which is backed by Japan's SoftBank Group, achieve positive growth margins, Cohesity CEO Sanjay Poonen said in an interview, adding that the firms together have $1.6 billion in annual revenue. San Jose, California-based C