Simpson Thacher is representing Cohesity in connection with its combination with Veritas’ data protection business in a cash-and-stock transaction that values the combined company at $7 billion. The combination will create a new leader in data security and management. The transaction is subject to customary closing conditions, including regulatory approvals.
Cohesity is a leader in AI-powered data security and management. Aided by an extensive ecosystem of partners, Cohesity makes it easier to protect, manage, and get value from data—across the data center, edge and cloud.
Veritas is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability and compliance of their data.
The Simpson Thacher team includes Atif Azher, Mark Myott, Sherry Shen, Marina Hernandez, Jeongsoo Kim, William Lyoo, Ondrej Gaiser-Palacek and Kayley Ingalls (M&A); Brian Steinhardt, Dorothy Hector, Sophie Skinner and Ashley Jaramillo (Banking & Credit); Nicholas Baker (Restructuring); Tristan Brown, Harry Hudesman and Ryan Kenny (Executive Compensation & Employee Benefits); William Brentani and Barry Lau (Capital Markets); Russell Light (Tax); Lori Lesser, Corina Holland and Sarika Pandrangi (Data Privacy); Sara Razi and Max Fischer-Zernin (Antitrust); Mick Tuesley, Jennifer Ho, Michael Kalinin and Taylor Wettach (Regulatory); Abram Ellis, Daniel Levien, Ryan Stalnaker, Alexander Rabinowitz and Cary Milanes (International Regulatory & Compliance); Steven DeLott (Insurance); Timothy Mulvihill (Environmental); and Emily Holland, Courtney Kobren and Angela Yu (Environmental, Social & Governance).