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.
Veritas Technologies was cited in January 2026 as a software company included in "hand-the-keys" provisions within post-LME credit documents, which lenders are proactively negotiating to enable smooth equitization and avoid bankruptcy if company performance declines, according to 9fin sources. In October 2025, Veritas unveiled new AI-driven capabilities for its cyber resilience portfolio, including AI-powered automation and user interface enhancements, designed to provide data protection specialists and IT generalists with intelligent solutions for cyber recovery. Earlier in October 2025, Veritas reported that a channel revamp drove 12% recurring revenue growth, responding to an industry shift in enterprise data management marked by accelerated cloud adoption and customer consolidation. This followed an update on October 7, 2025, when Veritas strengthened its Backup Exec product with unified data and identity protection, addressing organizational vulnerabilities where attackers target identity systems like Entra ID, beyond just data.
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