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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesCohesity completed its combination with Veritas’ enterprise data-protection business on December 10, 2024. Before closing, CEO Sanjay Poonen said the deal took priority over an IPO and described $2 billion in revenue as a near-term goal—not an achieved result. Those comments are historical: the cited sources do not establish Cohesity’s current revenue or IPO plans.
What Cohesity’s CEO said about the Veritas deal
In a 2024 interview with CRN, CEO Sanjay Poonen said Cohesity had chosen to pursue the acquisition rather than go public at that point. He framed the deal as a way to expand the company’s position in data protection, saying it would take Cohesity “from number seven to number one in the market.” That ranking was his characterization in the interview, not an independent current market-share assessment.
The transaction later closed. Cohesity announced on December 10, 2024, that it had completed its combination with Veritas’ enterprise data-protection business. The announcement concerns that business, not all Veritas operations. Cohesity described the combined company as the world’s largest data-protection software provider and number one by market share; those are the company’s own claims.
What the $2 billion revenue figure meant
Poonen said pro forma revenue for the fiscal year ending August 2024 was $1.7 billion and adjusted EBITDA was 28%. These were figures he cited in the interview, not independently audited results established by the source. He described becoming a $2 billion revenue company soon as a goal. The interview does not show that Cohesity reached that goal.
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In its closing announcement, Cohesity said the combined business had crossed $1.5 billion in annual revenue and served more than 12,000 enterprise customers. These company-reported figures were published at completion in December 2024. They are distinct from the CEO’s $1.7 billion pro forma fiscal-year figure and his $2 billion target; the available statements do not provide a basis for treating them as directly comparable financial measures.
The same announcement cited IDC’s projected 2024 vendor sales of $12.3 billion for the data replication and protection software market. That is a market estimate quoted by Cohesity, not Cohesity revenue.
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Did Cohesity restart its IPO plans?
In the 2024 interview, Poonen said Cohesity had not restarted IPO plans and called an IPO “a milestone” rather than the destination. He said the company decided to do the Veritas deal instead of going public. These comments describe his position at the time; neither the interview nor the December 2024 closing announcement establishes Cohesity’s current IPO plans.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the combination could mean for channel services
Poonen also pointed to potential demand for services that help organizations implement data protection, backup and recovery, immutability, and cyber resilience. He discussed a role for value-added resellers and systems integrators, alongside technology and security companies. This was a forecast of an opportunity around the combined business, not evidence of realized services revenue or a verified partner program.
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Cohesity’s closing announcement said the company was expanding its data-protection capabilities and described a “No Customer Left Behind” commitment for Cohesity and Veritas customers. That signals the company’s stated approach to the combination; it does not by itself establish how any particular customer migration or support experience proceeded.
Quick Recap
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- Connect the LinkStation to your router and enjoy shared network storage for your devices. The NAS is compatible with Windows and macOS*, and Buffalo's US-based support is on-hand 24/7 for installation walkthroughs. *Only for macOS 15 (Sequoia) and earlier. For macOS 26, check out our LS 700 series.
- Subscription-Free Personal Cloud – Store, back up, and manage all your videos, music, and photos and access them anytime without paying any monthly fees.
- Storage Purpose-Built for Data Security – A NAS designed to keep your data safe, the LS200 features a closed system to reduce vulnerabilities from 3rd party apps and SSL encryption for secure file transfers.
- Back Up Multiple Computers & Devices – NAS Navigator management utility and PC backup software included. NAS Navigator 2 for macOS 15 and earlier. You can set up automated backups of data on your computers.
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- Value NAS with RAID for centralized storage and backup for all your devices. Check out the LS 700 for enhanced features, cloud capabilities, macOS 26, and up to 7x faster performance than the LS 200.
- Connect the LinkStation to your router and enjoy shared network storage for your devices. The NAS is compatible with Windows and macOS*, and Buffalo's US-based support is on-hand 24/7 for installation walkthroughs. *Only for macOS 15 (Sequoia) and earlier. For macOS 26, check out our LS 700 series.
- Subscription-Free Personal Cloud – Store, back up, and manage all your videos, music, and photos and access them anytime without paying any monthly fees.
- Storage Purpose-Built for Data Security – A NAS designed to keep your data safe, the LS200 features a closed system to reduce vulnerabilities from 3rd party apps and SSL encryption for secure file transfers.
- Back Up Multiple Computers & Devices – NAS Navigator management utility and PC backup software included. NAS Navigator 2 for macOS 15 and earlier. You can set up automated backups of data on your computers.
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