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Cohesity completes its merger with Veritas; here’s how they’ll integrate
The combined entity will continue to innovate and put resources behind products from both companies and will be valued at $7 billion.
This transaction only involved Veritas’ data protection business; the rest of the company will remain owned by Carlyle. While Poonen states this move is entirely focused on Cohesity’s customers and improving the experience for them, market consolidation can result in higher prices. Poonen said this move puts his company in a great position for a future IPO, although he declined to share specifics on a timeline when asked.
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