SoftBank-backed Cohesity completed the acquisition of the data security unit of Carlyle-backed Veritas for $7bn.

SoftBank-backed Cohesity, a privately held information technology company, completed the acquisition of the data security unit of Carlyle-backed Veritas, an American international data management company, for $7bn. “This is a major milestone in the 11-year history of Cohesity, whose mission is to protect, secure, and provide insights into the world’s data. By combining Cohesity’s scale-out architecture and strong generative AI and security capabilities with Veritas’ broad workload support and extensive global footprint, our customers and partners stand to gain more value from their data than ever. As promised, we will honor our “no customer left behind” commitment, supporting existing products from both companies for years to come. As we begin this new chapter, we are committed to driving industry-leading cyber resilience innovations to ensure we are the world's preeminent choice for data security with differentiated AI capabilities,” Sanjay Poonen, Cohesity President and CEO.