Softbank Group Corp.-backed Cohesity Inc. today boldly announced its intent to acquire the Veritas Technologies LLC‘s data protection business for $3 billion. The purchase will be funded one-third with equity, and the other two-thirds will be debt-financed through Haveli Investments, Premji Invest and Madrona Venture Group.

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Looking at both sides of Cohesity’s acquisition of Veritas’ data protection unit

Cohesity and Microsoft recently announced they have expanded their partnership to enhance data security, threat detection, and protection against cyberattacks using artificial intelligence. The goal is to help organizations optimize cloud usage while mitigating risks in an increasingly hybrid and multicloud world.

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Cohesity and Microsoft Tag Team To Improve Data Protection