Veritas Technologies, a privately owned company headquartered in the US, was founded in 1983 and operates with approximately 6,460 employees. The company develops enterprise data management software designed to help organizations protect their mission-critical data.
On June 24, 2026, Acronis Cyber Protect was presented as a modern cyber protection platform for small and medium-size businesses (SMBs) looking to replace Veritas Backup Exec, providing unified security and backup for physical, virtual, cloud, and SaaS environments. Previously, on June 15, 2026, Arcserve stated that organizations utilizing Backup Exec 25.1 could transition to Arcserve Unified Data Protection (UDP) without needing new hardware, confirming system compatibility. Earlier in the month, on June 4, Veritas developed a solution to identify "silent AI regressions" in AI agents powered by Large Language Models, addressing the challenge of testing systems that do not consistently return the same value. This follows Veritas moving its Backup Exec product to end-of-life, with sales concluding on March 31, 2026, and support scheduled to cease in April 2029, a decision initially reported on May 8, 2026.
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