PRESS RELEASE
SAN JOSE, California – April 11, 2024 – Cohesity today announced a deepening of its cyber resilience collaboration with IBM. The enhanced relationship will accelerate the development of essential cyber resilience capabilities to address organizations’ critical need for greater data security and resiliency in hybrid cloud environments. With this announcement, Cohesity completes its Series F financing, with IBM joining NVIDIA as a strategic investor.
The most recent Cost of a data breach report sponsored by IBM Security shows that the global average cost of a data breach in 2023 was $4.45 million, an increase of 15% over the previous three years. To help clients address this issue head-on, IBM has integrated Cohesity capabilities into IBM’s end-to-end cyber resilience platform, IBM Storage Defender, strengthening our clients’ ability to recover from data breaches and cyber attacks.
“IBM is a powerful partner in the enterprise cloud and IT infrastructure market. They bring decades of experience to our relationship, in addition to their investment in our business to help fund incremental research and development to deliver even stronger cyber resilience to customers,” said Sanjay Poonen, CEO and President of Cohesity. “We are excited that IBM is working with us as we continue to help combined clients quickly detect threats and maintain operations during an attack to avoid business disruption.”
“Data breaches continue to be one of the biggest threats organizations face to improve business outcomes,” said Ric Lewis, SVP, Infrastructure at IBM. “We are excited to deepen our collaboration with Cohesity to offer customers innovative end-to-end software-finned solutions designed to increase their cyber resilience and help avoid business disruptions.”
Cohesity’s collaboration with IBM has resulted Cohesion DataProtect together with IBM Storage Defender solution to help mutual customers protect, monitor, manage and recover data. Cohesity DataProtect is a secure, high-performance backup and recovery solution. It is designed to safeguard your data from sophisticated cyber threats and offers comprehensive policy-based protection for your cloud-native, SaaS, and traditional data sources. DataProtect converges multipoint products into a single multicloud platform deployed on-premises or used as a service.
IBM Storage Defender leverages artificial intelligence and event monitoring across multiple storage platforms through a single pane of glass to protect organizations’ data layer from risks such as ransomware, human error and sabotage. Additionally, IBM Storage Defender is expected to include a cyber vault and clean room capabilities with automated recovery features designed to help companies restore business-critical data in hours or minutes versus what previously took days.
Statements regarding the future direction and intent of IBM or Cohesity are subject to change or withdrawal without notice and represent goals and objectives only.
Speaking of cohesion
Cohesity is a leader in AI-powered security and data management. Aided by a vast ecosystem of partners, Cohesity makes it easy to protect, secure, manage and get value from your data – in the data center, at the edge and in the cloud. Cohesity helps organizations defend against cybersecurity threats with comprehensive security and data management capabilities, including immutable backup snapshots, AI-powered threat detection, monitoring for malicious behavior, and rapid recovery at scale. Cohesity solutions can be delivered as a service, self-managed, or delivered by a Cohesity-based partner. Cohesity is headquartered in San Jose, California, and trusted by the world’s largest companies, including 44 of the Fortune 100.