Veritas Software

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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. It specializes in storage management software including the first commercial journaling file system, VxFS, VxVM, VCS, the personal/small office backup software Backup Exec and the enterprise backup software, NetBackup. Veritas Record Now was an early CD recording software. Before merging with Symantec (now known as Gen Digital) in 2004, Veritas was listed on the S&P 500 and the NASDAQ-100 under the VRTS ticker symbol. In 2014, Symantec announced that it would demerge its information management business as Veritas Technologies LLC, to focus on security. It was purchased as part of the demerger by the private equity firm the Carlyle Group for $8 billion in cash in 2016. Its data protection and data security unit was sold in 2024 to software firm Cohesity, valued at $3 billion. Remaining part of Veritas Technologies later spun-off into an independent company called Arctera.