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15 February 20242 minute read

DLA Piper advises Cohesity in its business combination with Veritas’ Data Protection Business

DLA Piper advised Cohesity, a leader in AI-powered data security and management, in its business combination with Veritas’ data protection business, a leader in secure multicloud data resilience. DLA Piper served as global counsel, advising on all global employment matters and providing additional support on global equity, corporate and real estate matters.

The combined company will address the modern challenges faced by the world’s data community including the rampant threat of ransomware and the demand for cyber resilience, the opportunity to leverage the power of generative AI, and provide customers with premium offerings and simplified user experience.

Tim Robbins, Chief Legal Officer of Cohesity, said: “We are pleased with the outcome of this highly complex business combination with Veritas and their data protection business. Ute and the entire DLA team were integral to this deal, and we are thankful for the incredible service and level of counsel they provided. Not only for this transaction, but also with respect to our long-standing partnership, they are indispensable legal advisors to our business and especially our multinational footprint and operations.”

“It was a pleasure to work with Cohesity and combine our deep global and industry experience to bring this deal together. The new company will combine two industry leading operations and continue Cohesity’s mission of high performing data protection,” said Ute Krudewagen, the DLA Piper partner who led the deal team.

In addition to Krudewagen (Palo Alto), the DLA Piper team included partners Elizabeth Andrews (Northern Virginia) and Dean Fealk (San Francisco); of counsels Brian Stanton (San Francisco) and Heather Srimal (Palo Alto); managing director Sofia Alvarez (New York); and associates Bridget Jeong (Palo Alto), Rachel Knight (Austin) and Emma Corcoran (New York) plus partners and associates from 20+ jurisdictions across the globe.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.