Cohesity Acquires Veritas' Data Protection Business to Form $7B Company

Veritas Capital and Evergreen Coast Capital Acquire athenahealth

February 11, 2019

Healthcare Services

An affiliate of Veritas Capital and Evergreen Coast Capital (Elliott affiliate) completed the acquisition of athenahealth, Inc. for approximately $5.7 billion in cash. The deal combines athenahealth with Veritas-owned Virence Health under the athenahealth brand, creating a larger healthcare IT provider headquartered in Watertown, Massachusetts, led by Bob Segert.

Veritas Acquires Aptare for Storage Analytics

March 6, 2019

Data & Analytics

Veritas Technologies acquired Aptare, a Campbell, California–based storage analytics vendor, to boost Veritas's storage monitoring and predictive analytics capabilities and integrate Aptare features into NetBackup and other data protection products. The acquisition (price undisclosed) brings the Aptare team into Veritas and retains the Aptare brand as a stand-alone offering while enabling deeper integration across Veritas products and cloud/on‑prem data sources.

Peraton (Veritas Capital) Acquires Perspecta

May 6, 2021

Government & Public Sector

An affiliate of Veritas Capital has completed the all-cash acquisition of Perspecta Inc. for $7.1 billion, with Perspecta stockholders receiving $29.35 per share. Perspecta will be combined with Peraton (a Veritas portfolio company) to create a leading government technology and mission-capability integrator serving defense, intelligence, civilian and health markets.

Oliver Wyman to Acquire Veritas Total Solutions

June 17, 2024

Energy

Oliver Wyman, a business of Marsh McLennan, has entered into an agreement to acquire Veritas Total Solutions, a commodity trading advisory firm specializing in risk, systems, analytics, and AI. The deal — expected to close in Q3 2024 — will bring Veritas' Houston-based team into Oliver Wyman to expand the firm's commodity trading advisory and trading-optimization capabilities.

KKR and Veritas Capital Recapitalize Cotiviti

May 2, 2024

Healthcare Services

Cotiviti completed a business recapitalization with investment funds managed by KKR and affiliates of long-standing owner Veritas Capital, with KKR and Veritas becoming equal co-sponsors. The transaction provides Cotiviti with additional capital to accelerate innovation, commercial expansion, new product development, and technology investments. Cotiviti is a healthcare data analytics and technology business serving health plans and select retail customers with integrated SaaS and managed services.

Elliott, Patient Square and Veritas Acquire Syneos Health for ~$7.1B

May 10, 2023

Healthcare Services

A consortium of private investment firms—Elliott Investment Management, Patient Square Capital and Veritas Capital—has completed the acquisition of Syneos Health for $43.00 per share, a transaction valued at approximately $7.1 billion including debt. Syneos Health will become a privately held company, with the new owners planning to accelerate its transformation, invest in technology and strengthen its integrated biopharmaceutical services.