Overview
Veritas Technologies LLC is an American international data management company headquartered in Santa Clara, California. With over three decades of expertise, Veritas is renowned for its solutions that allow organizations to manage and protect their critical data. The company caters to over 80,000 clients globally, including 87% of the Fortune Global 500.
Corporate Information
- Founded: 1983 as Tolerant Systems
- CEO: Greg Hughes
- Owner: The Carlyle Group
- Industry: Information Management
- Number of Employees: Approximately 7,000
- Website: [veritas.com](https://www.veritas.com/)
Recent Developments
In February 2024, Cohesity acquired Veritas for $3 billion, forming a combined entity valued at $7 billion.
Products and Services
Veritas offers a wide array of data management solutions, including:
- Veritas Alta
- NetBackup
- Backup Exec
- Enterprise Vault
- eDiscovery Platform
- APTARE IT Analytics™
- Flex Appliance
Key Leaders
Greg Hughes, the Chief Executive Officer, has over 20 years of experience in enterprise software, leading Veritas through significant transformations since its demerger from Symantec in 2016.
Lenny Alugas, Executive Vice President, Customer Success, is committed to ensuring customer success and optimizing the value of Veritas solutions.
Brian Hamel, Executive Vice President, Worldwide Field Operations, is tasked with expanding and directing global sales operations to fortify Veritas’s sales leadership.
Lawrence Wong, Senior Vice President, Chief Strategy Officer, manages strategic planning and cross-functional alignment, drawing from his extensive entrepreneurial and operational experience.
For additional leadership insights, visit [Corporate Leadership](https://www.veritas.com/company/corporate-profile/corporate-leadership).
Corporate Highlights
Veritas Technologies has a rich history, originating as Tolerant Systems and expanding through acquisitions like OpenVision Technologies in the late 1990s and Seagate NSMG in 1999, solidifying its leadership in storage management software.
The company's trajectory saw a crucial merger with Symantec in 2004 and subsequent demerger in 2016, facilitated by The Carlyle Group's involvement, leading to its recent acquisition by Cohesity.
Competitor Profiling
Veritas Technologies stands as a formidable player in the enterprise backup and recovery software solutions arena, known for reliable data management and protection offerings.
Key Competitors
- Veeam: Renowned for robust backup and recovery solutions, offering data protection across cloud, virtual, and physical environments.
- Commvault: Known for comprehensive data management with a focus on cyber resilience and rapid recovery, powered by AI-driven automation.
- Dell Technologies: Competes with Veritas through its Dell Data Protection Suite, part of a broader integrated hardware and software ecosystem.
- Rubrik: A rising competitor with emphasis on cyber threats and disaster recovery, known for automated threat detection and ransomware recovery.
- IBM: Provides a wide range of backup, recovery, and data protection solutions for large enterprises, strengthened by AI and data insights.
Additional competitors include Acronis International, Broadcom (VMware), Microsoft, and NetApp, each contributing to a dynamic and competitive landscape.
Market Position
Veritas holds a strong market position by consistently innovating and expanding its services. Their product quality is highly rated against competitors like Nutanix, Cloudera, and OpenText, ensuring sustained leadership and customer satisfaction in the ever-evolving data protection domain.
Strategic Insights
Understanding the competitive landscape is crucial for Veritas's strategic planning and market growth. With a focus on unique value propositions and alignment with client needs, Veritas ensures it remains ahead in a rapidly advancing industry, simultaneously capturing market opportunities and addressing client-specific data management demands.
