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Veritas officially becomes independent

Veritas officially becomes independent

Focuses on new strategy

As of February 1, Veritas Technologies begins life as an independent company.

The information management vendor is led by CEO, Bill Coleman and is focused on solving data challenges, providing businesses with software and services to help them collect, protect, analyse and optimise their data.

“In the era of the cloud, many organisations 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,” Coleman said.

The vendor’s board includes Chairman Bill Krause, who was previously president and CEO of 3Com, and David Scott, former chairman and CEO of 3Par and he was also senior vice president and general manager of HP storage business.

Since the company split from Symantec, Veritas has been vocal about its new strategy.

In November, partners were summoned to Macau, China, where newly appointed APJ channel boss, George Wong and APJ sales boss, Chris Lin, discussed the company's new strategy that involves focusing on the channel, limiting its direct sales, and being more selective about who it chooses to push its agenda.

According to Wong, the first half of 2015, saw 96 per cent of our business conducted through partners.

Symantec first revealed its intention to spin off its information management business in October 2014, about 10 years after it acquired Veritas Software in a deal valued at approximately $US13.5 billion.

In August, Veritas was bought by an investor group led by The Carlyle Group for $US8 billion.


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