Veritas completes FluidOps acquisition

Veritas completes FluidOps acquisition

Financial terms haven't been disclosed

Cloud data management vendor, Veritas Technologies, has completed its acquisition of German-based software company, Fluid Operations (FluidOps).

The financial details haven’t been disclosed.

This acquisition will accelerate Veritas’ ambition to enable customers to harness the power of their data, regardless of where that data is housed, while driving insights that can lead to competitive advantage.

The deal is part of Veritas’ 360 Data Management strategy and brings additional capabilities to its portfolio in the areas of artificial intelligence (AI) and machine learning (ML).

It will integrate the technology into many of its current and future data management solutions, starting with Veritas Access, version 7.4, which will be available in the coming quarters, according to Veritas.

Access is a software-defined network-attached storage (NAS) solution for unstructured data and provides enterprise-wide insight and management of an organisation’s complete data protection and storage infrastructure.

“Veritas and FluidOps are squarely focused on helping customers harness the power of their information —whether that information is on-premises, in the cloud or in complex hybrid environments,” Veritas chief product officer and executive vice president, Mike Palmer, said.

In January, Veritas Technologies, named Greg Hughes as its CEO, replacing Bill Coleman who remained on the board as a trusted advisor and was also set to join The Carlyle Group as an operating executive.

Hughes, who was most recently the CEO of Serena Software, joined Veritas in 2003. During his seven-year stint at Veritas, Hughes held various executive roles in the lead up to the merger with Symantec. He was then named president of enterprise products at Symantec, which involved the responsibility for all Veritas products.

Tags acquisitionsveritasfluidOps


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