Photo - Josephine Hoh, Country Director of Veritas Technologies Malaysia
Veritas Technologies (Veritas), which has just started its operations as a newly independent company positioned in the information management space, is targeting double digit year-on-year growth in Malaysia.
During a recent media conference in Kuala Lumpur, Veritas Technologies Malaysia country director Josephine Hoh said Veritas want to help to solve organisations' exponentially growing data challenges by delivering software and services to help them collect, protect, analyse and optimise their data.
Organisations can then make smarter decisions, manage risk and minimise expense growth, said Hoh, adding that the company sees double-digit year-on-year growth for the company's new financial year.
She said that with Gartner estimating Malaysia's IT spending to reach about RM69 (US$15.7) billion in 2016, a growth rate of 7.6 percent from last year (according to Gartner), Veritas is "at unique position of working with the top telecoms, FSIs and GLCs in Malaysia".
Hoh said the company's new CEO Bill Coleman was leading a company "in the unique position of already protecting 86 percent of the global Fortune 500 and utilising that visibility and intelligence to help drive better business results."
"In the era of the cloud, many organisations won't own their data centre and many might not even own their applications," said Coleman in a global announcement. "Other than your team, data is the most critical asset of value in the 21st century."
"We're in a unique position as the company that manages and protects the world's information, and I am honoured to become part of the Veritas family to serve our customers and partners," he said.
The statement added that the company pursued market segments that in aggregate represent a US$24 billion (about RM96 billion) market opportunity by 2018. These markets include Backup and Recovery, Integrated Appliances, Information Availability and Archiving solutions, where Veritas holds number one or number two market share positions.
The global announcement included a comment from IDC's Laura DuBois, group vice president, Enterprise Storage, Server and Infrastructure Software, who said: "IT leaders continue to face constrained IT budgets while businesses and consumers alike continue to create data unabated. Successful IT organisations must not only identify simple and cost-effective solutions to manage their company's information but also support the use of information for their company's competitive advantage."
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