Symantec-Veritas buyout raises eyebrows in cyber security market

NEW DELHI: The biggest tech buyout of the year, in which cyber security major Symantec sold its data storage business, Veritas, to private equity firm the Carlyle Group in an $8 billion deal, has raised pertinent questions about the changing dynamics in the cyber security market across the world.

Commvault, a global leader in enterprise data protection and information management, reaffirmed its continued support to customers and partners.

"The market is seeing significant changes, and customers need a trusted independent partner 100% focused on data management and customer success vs. corporate structure dynamics -- that partner is Commvault,"said Ron Miiller, Senior Worldwide Vice President, Commvault.

"Even with a sale and new ownership, Symantec/Veritas customers can expect a continued loss of focus and likely shifting product priorities. Customers should be concerned - especially ones looking to evolve data management strategies to move confidently to hybrid cloud environments. I can tell you that Commvault is 100% focused on data management and its customers' success, unlike others who may be distracted," he added.

IDC and Commvault recently released a report emphasizing on the need for a holistic data management strategy for organizations to ensure complete security for their key data assets.