Veritas Technologies

Veritas Technologies

Veritas Technologies, headquartered in Santa Clara, California, sells data protection and management software to large enterprises. The firm was historically a standalone public company before being taken private by an investor consortium in 2016 and later merging with Cohesity in 2024. Its primary product lines include NetBackup, Cohesity Data Cloud, and Arctera, covering backup, cyber recovery, and data insights. The company targets three core areas: data protection for hybrid cloud and SaaS workloads, data security through threat detection and automated recovery, and data insights to improve AI outcomes. It claims to support over 13,000 customers globally, spanning industries from finance to healthcare. Its geographic footprint includes offices in the United States, Canada, Brazil, Costa Rica, Ireland, the UK, France, India, Japan, Singapore, and South Korea. Veritas does not disclose AUM or deployment figures, as it operates as an enterprise software vendor rather than an investment firm. The firm employs roughly 6,000 people across 16 global offices. Its leadership team includes executives with backgrounds at Google, Nutanix, VMware, Palo Alto Networks, Splunk, and Cisco. In 2023, Veritas announced a merger with Cohesity, creating a combined entity focused on cyber resilience and AI-ready data management. The combined company continues to operate under the Cohesity brand for many products, while the Arctera brand covers legacy Veritas offerings. Veritas’s structural differentiator is its post-merger dual-brand strategy: Cohesity for modern cloud-native data protection and Arctera for legacy backup and archiving. This allows the firm to serve both traditional enterprise customers migrating to the cloud and those remaining on-premises. The company also maintains a partner ecosystem, including resellers and managed service providers, to distribute its software globally.