Cohesity and Veritas' merger will combine their strengths to create a $7 billion entity serving 12,000 customers with an aim to consolidate the fragmented data protection industry.
Cohesity CEO Sanjay Poonen highlighted the importance of the merger by stating, 'We thought we could combine together to create more value for our customers and innovate faster.' He reflects the industry's shift towards consolidation to save costs.
Poonen noted the industry fragmentation, revealing that many executives believed the data protection sector was not viable enough to support numerous players, advocating for the need for consolidation.
Collection
[
|
...
]