Symantec split official as Veritas goes it alone
- 03 February, 2016 06:31
Veritas Technologies is beginning life as a newly independent company, following its split from security vendor Symantec.
Led by new CEO Bill Coleman, the new-look Veritas is now focused on providing businesses with software and services to collect, protect, analyse and optimise data, protecting 86 percent of the global Fortune 500 companies.
“In the era of the cloud, many organisations won’t own their data centre and many might not even own their applications,” says Bill Coleman, CEO, Veritas.
“Other than your team, data is the most critical asset of value in the 21st century.
“We’re in a unique position as the company that manages and protects the world’s information, and I am honoured to become part of the Veritas family to serve our customers and partners.”
At present, Coleman says the company is pursuing market segments that in aggregate represent a $US24 billion market opportunity by 2018.
For Coleman, these markets include Backup and Recovery, Integrated Appliances, Information Availability and Archiving solutions, where Veritas holds number one or number two market share positions.
Now with the backing of The Carlyle Group, Coleman believes the company is “accelerating new solutions in this fast-growing market.”
“IT leaders continue to face constrained IT budgets while businesses and consumers alike continue to create data unabated,” adds Laura DuBois, Group Vice President, Enterprise Storage, Server and Infrastructure Software, IDC.
“Successful IT organisations must not only identify simple and cost-effective solutions to manage their company’s information but also support the use of information for their company’s competitive advantage.
“As an established and trusted information management company, Veritas provides the critical solutions to help its customers gain that competitive advantage.”