SoftBank-backed Cohesity, a privately held information technology company, agreed to acquire the data security unit of Carlyle-backed Veritas, an American international data management company, for $7bn. “We are deeply committed to our mission to protect the world’s data. This deal will combine Cohesity's speed and innovation with Veritas’ global presence and installed base. We will lead the next era of AI-powered data security and management by bringing together the best of both product portfolios – Cohesity’s scale-out architecture ideally suited for modern workloads and strong Generative AI and security capabilities and Veritas' broad workload support and significant global footprint, particularly in the Global 500 and large public sector agencies,” Sanjay Poonen, Cohesity CEO.