Newly Independent Veritas Re-Launches with Focus on $24 Billion Information Management Market
Veritas Technologies has been formally re-launched as a newly independent company with a focus on solving organisations’ exponentially growing data challenges.
Veritas provides businesses with software and services to help them collect, protect, analyse and optimize their data, so organisations can make smarter decisions, manage risk and minimize expense growth. Today, Veritas is in the unique position of already protecting 86% of the global Fortune 500 and utilizing that visibility and intelligence to help drive better business results.
“In the era of the cloud, many organizations won’t own their data centre and many might not even own their applications. Other than your team, data is the most critical asset of value in the 21st century” said Bill Coleman, CEO, Veritas. “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.”
Veritas is well positioned to innovate and deliver the benefits of information management. The company pursues market segments that in aggregate represent a $24 billion market opportunity by 2018. These markets include Backup and Recovery, Integrated Appliances, Information Availability and Archiving solutions, where Veritas holds number one or number two market share positions. For over a decade, Veritas has been recognized as a leader in the Gartner Magic Quadrant for both Enterprise Backup Software and Integrated Appliances1 and Enterprise Information Archiving. Now with the backing of The Carlyle Group, the company is accelerating new solutions in this fast-growing market.
The new Veritas leadership team brings together a strong mix of industry expertise and entrepreneurial success. Partnering with the executive team is a seasoned board led by Chairman Bill Krause, formerly President and CEO of 3Com and David Scott, former chairman and CEO of 3Par who was until recently senior vice president and general manager of the global HP storage business.
Bill Coleman has a long history of establishing innovative technology companies, including Cassatt, Inc., and BEA Systems where he was CEO. Under his leadership, BEA Systems became the fastest software company to reach $1B in revenue, and continues to hold that record today.
See Bill Coleman discuss Veritas and the future of information management and learn more about Veritas solutions and our leadership team at veritas.com.
“IT leaders continue to face constrained IT budgets while businesses and consumers alike continue to create data unabated. Successful IT organizations 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,” said Laura DuBois, Group Vice President, Enterprise Storage, Server and Infrastructure Software, IDC. “As an established and trusted information management company, Veritas provides the critical solutions to help its customers gain that competitive advantage.”