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COMPANY NEWS: Customers save time and resources and improve real-time wireless environment monitoring; the AI-driven solutions accreditation extends t...
SoftBank Group -backed Cohesity told Reuters on Wednesday it agreed to acquire the data protection business of information technology company Veritas, in a deal that sources said is worth about $3 billion, including debt.
NEW YORK (Reuters) -U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas' data protection business in a deal that values the combined entity at $7 billion. The cash and stock acquisition is expected to help Cohesity, which is backed by Japan's SoftBank Group, achieve positive growth margins and expand into international markets, Cohesity CEO Sanjay Poonen said in an interview, adding that the firms together have $1.6 billion in annual revenue. The deal comes at a time when Cohesity's biggest competitor Rubrik is, according to sou...
US data security software firm Cohesity has agreed to acquire Veritas's data protection business in a deal that values the combined entity at $7bn.
COMPANY NEWS: Fortinet®, a global cybersecurity leader driving the convergence of networking and security, has announced financial results for the fou...