New Leadership Team Focused on Accelerating Customer Solutions in Fast-Growing $24B Market
MOUNTAIN VIEW, Calif., February 1, 2016 – Today, Veritas Technologies begins as a newly independent company. Led by new CEO Bill Coleman, Veritas is focused on solving organizations’ exponentially growing data challenges. Veritas provides businesses with software and services to help them collect, protect, analyze and optimize their data, so organizations 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 center 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 honored 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 $24B 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 Archiving2. 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.”
To learn more about the increasing challenges of data and information management, join Veritas on February 11 at 8 AM PST for a global broadcast with noted author and original contributor to “The Data Deluge” Kenn Cukier. Register at http://bit.ly/1JlTsFT
About Veritas Technologies
Veritas Technologies enables organizations to harness the power of their information, with information management solutions serving the world’s largest and most complex environments. Veritas works with organizations of all sizes, including 86 percent of global Fortune 500 companies, improving data availability and revealing insights to drive competitive advantage.
Veritas, the Veritas Logo, and NetBackup are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
1Source: Gartner, Inc., Magic Quadrant for Enterprise Backup Software and Integrated Appliances, Dave Russell, Pushan Rinnen, Robert Rhame, June 15, 2015
2Source: Gartner, Inc., Magic Quadrant for Enterprise Information Archiving, Alan Dayley, Garth Landers, Anthony Kros, October 29, 2015. Note, from 2005-2009 the research was called
Magic Quadrant for Email Active Archiving.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Raphel Finelli, 408-309-8348
Edelman for Veritas
Noah Banning, 206-664-8618