The Rise of Unified Compliance Platforms: Veritas Acquires Globanet

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Globanet now a part of the Veritas compliance platform

Data protection company Veritas Technologies yesterday announced its acquisition of Globanet, a privately held software company based in California. The acquisition will bolster Veritas’ portfolio of digital compliance and governance offerings to provide customers native visibility into 80 new content sources. Globanet offers compliance and intelligent communications solutions to enterprises.

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“By integrating Globanet’s technology into our digital compliance portfolio, we’re making it simpler for Veritas customers to find and act on more of their data, no matter where it lives,” said Greg Hughes, CEO, Veritas. “Today’s announcement accelerates and strengthens our vision for the Veritas Enterprise Data Services Platform and improves its world-class compliance capabilities. No matter what communications and data management platform our customers use, we enable them to optimize and monitor all their content as it moves from backup to archive to discovery.”

Veritas counts over 10,000 customers in its digital compliance portfolio. The company has also acquired a significant market share over the past year. Its latest acquisition will help the company position its archiving and e-discovery offerings competitive by integrating the ability to natively capture, classify, monitor, and discover against more content sources than ever before. Here is how Globanet’s acquisition will help Veritas:

  • Give customers visibility and enable them to act on over 80 new content sources, including Microsoft Teams, Slack, Zoom, Symphony, Bloomberg, and more
  • Simplify discovery and lifecycle management with richer content capture that shows archived content in a closer-to-native view
  • Offer complete capture of Microsoft Office 365 content sources along with all other communication and file sources used by Veritas customers
  • Enrich metadata with Veritas’ classification engine across over 80 content sources

Also read: Veritas Introduces Enterprise Data Services Platform to Standardize and Simplify Data

“Many Veritas customers already take advantage of Globanet Merge1 to collect additional content sources and append communications compliance into their data archiving capabilities,” said Sevag Ajemian, president and CEO, Globanet. “We’re excited to join the Veritas family and build a richer integration between our products and Veritas’ information governance solutions.”

The Rise and Rise of Unified Platforms

As digital transformation accelerates, the explosion in data has created compliance challenges for enterprises, especially those with remote workers. Increasing regulations, ransomware threats, and data complexity have made information governance a strategic imperative for business. To ensure compliance and effectively respond to legal inquires, it is essential for today’s businesses to sort, discover, and act upon data quickly.

Also read: Data Compliance: 6 Expert Tips on Navigating the U.S. Consumer Privacy Landscape

Veritas’ communication and compliance capabilities are an addition to its unified platform. At a time when organizations have critical applications running on various Standalone Servers, it is important to be able to monitor, scale, and automate such a diverse environment with a single product.