Alston & Bird represented Veritas, a leader in secure multi-cloud data management, in the sale of its data protection business to San Jose, California-based Cohesity, a leader in AI-powered data security and management. The transaction values the combined company at approximately $7 billion.
Representing Veritas was an Alston & Bird team led by partners William Snyder, Mark Kelly, Simon Root, and Jonathan Manor, senior associates Balaji Giridharan and Claudia Golden, and associate John Salvestrin (Corporate & Business Transactions); partner Chris Gegg (Intellectual Property); partners John Baron and Danny Reach (Federal & International Tax); partners Mike Stevens and Kyle Woods (Employee Benefits & Executive Compensation); and partner Brett Coburn (Labor & Employment).