Veritas Releases Multicloud Data Management Platform

SANTA CLARA, Calif. — Veritas is rolling out a unified cloud data management platform to help companies “accelerate their transition” to the cloud.

The data management company Veritas introduced Veritas Alta to provide multicloud data availability, protection, and compliance, according to the company last month.  

Securing multicloud environments can be challenging for companies, because they have so many solutions and entrance points to protect and integrate. Veritas Alta is designed to help these businesses manage all their data protection from one place. 

Through Veritas Alta, companies can migrate important applications to the cloud and secure all data that’s critical for those workloads. 

Teams that already use Veritas technology for storage and need to securely migrate workloads to the cloud stand to benefit from this addition to Veritas’ portfolio. 

Veritas Alta View, a data management console for Alta customers, is a single pane of glass that allows users to manage their data protection in on-premises, cloud, and edge environments. Alta View is integrated with the Veritas analytics engine, so customers can view reports and insights regarding their data security. The analytics engine also uses machine learning (ML) and artificial intelligence (AI) technology for autonomous data management, which is intended to reduce manual work for customers’ IT teams. 

Companies responsible for their own data 

Although cloud service providers offer limited security features for customers’ data, critical business applications need more advanced data protection across all storage and processing environments.

Veritas intends for Alta to strengthen customers’ ability to “own and control their data no matter where it resides — on-prem or in the cloud — while reducing the operational complexity and costs associated with managing multicloud environments,” according to Greg Hughes, CEO, Veritas. 

Veritas Alta key features

• Ransomware resiliency: powered by Veritas Cloud Scale Technology
• Application resiliency: with up to five nines of availability 
• Data compliance-as-a-service: collecting data from all business communication platforms   

Veritas in the market

Veritas was named a leader in the 2022 Gartner “Magic Quadrant” for enterprise backup and recovery software solutions. The company also received recognition in five categories of the 2022 Cybersecurity Excellence Awards for its Backup Exec product. 

In 2022, Veritas and Kyndryl announced a strategic global partnership focused on enterprise data protection and recovery for multicloud environments. Kyndryl will offer the Veritas data management portfolio to its customers as a managed service. 

Other Veritas global partners include VMware, IBM, and Fujitsu.

Growth of data management market 

The global data management market is estimated to grow from $92.99 billion in 2022 to  $265.68 billion in 2030, at a 14% compound annual growth rate (CAGR), according to Grandview Research. 

The data management market has different facets, like cloud management, analytics, and backup, but overall, some key players in the market include Veeam, Commvault, Cloudera, Teradata, Oracle, and Rubrik. 

Earlier this year, Komprise announced new features within its Intelligent Data Management platform. These features are intended to provide self-service capability for users, according to COO Krishna Subramanian. Komprise’s additional features for unstructured data management are designed to help IT teams authorize users to monitor business data trends and search data.    

Growth of multicloud market

The global multicloud management market was valued at an estimated $8.03 billion in 2021 and is projected to increase to $56.02 billion by 2030, at CAGR of 27.5%, according to Grandview Research. 

Key players in the multicloud management market include Citrix, Dell, Flexera, and VMware. 

Learn more about Veritas’ storage portfolio next.