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Veritas Technologies LLC is an American international data management company headquartered in Santa Clara, California. The company has its origins in Tolerant Systems , founded in 1983 and later renamed Veritas Software .
Veritas Capital was founded in 1992 and raised its first fund in 1998. [6] [9] The firm invested exclusively in companies that support the government, government-influenced markets, and commercial customers, specifically in certain sectors, such as aerospace, defense, communications, education, energy, government services, healthcare, national security, and software. [11]
Leslie co-founded [5] [6] Veritas Technologies and served as its CEO. [7] [8] During his tenure as Chairman and CEO, [9] the company grew from $0 to $1.5B in revenue and $400M in operating profit, was a top ten independent software company and achieved the distinction of becoming a Fortune 1000 company. [10] [11]
Veritas is majority-owned by private equity firm Carlyle Group, which acquired the company from Symantec in 2016. Carlyle has rolled over its stake in the unit and will join Cohesity's board after ...
Symantec confirmed on January 28, 2015, that the information management business would be called Veritas Technologies Corporation, marking a return of the Veritas name. [49] In August 2015, Symantec agreed to sell Veritas to a private equity group led by The Carlyle Group for $8 billion. The sale was completed by February 2016, turning Veritas ...
All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2021 [6] unless otherwise specified. As of 2021, Fortune lists Amazon (revenue of $386.064 billion), Jingdong ($108.087 billion), and Alibaba ($105.865 billion) in the retailing sector rather than the technology sector.
In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion. [ 10 ] [ 11 ] In May 2021, Perspecta (a 2018 merger of DXC Technology 's U.S. public sector spin-off, Vencore, Inc. , and KeyPoint Government Solutions), [ 12 ] was acquired by Veritas for $7.1 billion and placed under Peraton.
In the 2000s, Veritas under McKeon's tenure, made a major play in homeland security, first with the purchase of sections of DynCorp in 2004 and then with the 2005 acquisition of MZM Inc. in the wake of the Cunningham scandal. [14] Because of the scandal, Veritas changed the name from DynCorp to Athena Innovative Solutions Inc. (now CACI). [14]