Latest news with #Veritas
Telegraph
9 hours ago
- Business
- Telegraph
Employee sues over ‘disappointing' £10k bonus
A finance worker sued for discrimination after he was 'disappointed' to receive a £10,000 bonus in a year where he worked only 18 days. Matthew Colliander-Smith had long Covid and was only able to work for 8 per cent of his usual hours in 2022, an employment tribunal heard. After he received around £185,000 as an annual bonus the previous year, Mr Colliander-Smith, who was a partner at Veritas Asset Management, was 'shocked' to receive a much smaller award following his time off sick. He suggested he deserved an award closer to £100,000 because his illness made it much harder to do any work, and therefore his effort rather than output should be rewarded. Veritas eventually agreed to increase that to £40,000 despite Mr Colliander-Smith having been unable to perform the vast majority of his duties. After a dispute about returning to work which resulted in him having his partnership terminated, he then sued the finance firm for disability discrimination. 'Did little more than send emails' The tribunal dismissed his claim, ruling that the company was entitled to reduce his bonus given he had been 'almost entirely absent from work' and suggesting that the work he had done amounted to little more than sending emails The hearing in central London was told Mr Colliander-Smith joined Veritas – which manages around £25 billion worth of funds – in 2011 and became an operating partner in 2015. In October 2021, he contracted Covid-19 and became 'severly unwell' with symptoms of long Covid, and anxiety. These included mental and physical fatigue and reduced stamina. As part of his remuneration package, he was entitled to a discretionary bonus, the tribunal heard. Although he was awarded £185,000 in 2021, his bonus for 2022 was £10,000. Veritas argued that the decision to award him a comparatively low bonus arose out of the fact that he had not performed any significant work during 2022. The tribunal was shown a breakdown of the days and hours Mr Colliander-Smith had worked during 2022 which, he said, amounted to roughly 8 per cent of the working days. Asking for the bonus to be reconsidered, he told bosses: 'Given these unprecedented circumstances, the decision to reduce my fixed profit allocation by -94 per cent year-on-year has left me shocked and disappointed.' In January, Veritas increased the bonus to £40,000. However, Mr Colliander-Smith believed it should have been boosted to £97,000 instead, the hearing was told. Over the following months, there was a dispute between the executive and bosses about him returning to work and the role he might perform when he did. This resulted in a 'stalemate' which led to his partnership being terminated in September 2023, the tribunal was told. 'He worked 18 days of the year' Mr Colliander-Smith sued Veritas over the bonus and a number of other complaints for disability discrimination, failure to make reasonable adjustments and victimisation. All his claims were dismissed. Regarding the £10,000 bonus claim, employment judge Emma Webster said: 'The reason for that award was that [he] had done very little work during the previous year. He had been almost entirely absent from work. 'Even on his own analysis he had worked 18 days of the year which amounts to roughly 7.5 per cent of the working days in a year.' She added: '[He] had not worked for 14 months when [Veritas] awarded him £10,000. '[Veritas's] reasons are clear and cogent and it was proportionate for them to reward the staff who had been at work that year as opposed to those who had not.'
Cision Canada
a day ago
- Business
- Cision Canada
BlackLine Appoints Greg Hughes to Board of Directors, Expanding Enterprise Software and Strategic Growth Expertise
LOS ANGELES, /CNW/ -- BlackLine, Inc. (Nasdaq: BL), the future-ready financial operations platform for the Office of the CFO, today announced the appointment of Greg Hughes to its Board of Directors effective July 25, 2025. A seasoned enterprise software executive, Hughes brings decades of experience leading strategic transformation at scale. Hughes most recently served as CEO of Veritas, a global leader in data protection and other mission-critical software. Under his leadership, Veritas re-ignited ARR growth, successfully transitioned to a new subscription pricing model, and created and scaled a cloud business. The transformation of Veritas culminated in a merger of the data protection business with Cohesity, an AI-powered data security and management company. Hughes continues to serve on the board of the merged entity. In addition to his executive roles, Hughes brings significant public board experience, having served on the board of LogMeIn, a publicly traded collaboration software company, from 2011 to 2017. Hughes' appointment follows the addition of Sam Balaji, former CEO of Deloitte Consulting, to BlackLine's board in June 2025. Together, Hughes and Balaji bring decades of executive leadership across enterprise software, consulting, cybersecurity, and digital transformation—adding to an already experienced and engaged board that continues to play a vital role in guiding BlackLine's growth and innovation strategy. "We are thrilled to welcome Greg to BlackLine's Board of Directors," said Owen Ryan, Co-CEO and Chairman of the Board of BlackLine. "With Greg and Sam joining an already strong and strategic board, we are deepening our bench of expertise in enterprise technology, global operations, and transformation at scale. The collective leadership and experience of our board is a powerful asset as we continue executing our strategy and delivering long-term value to our customers and shareholders." "Greg's track record of scaling companies and leading through inflection points makes him a natural fit for BlackLine," added Therese Tucker, Co-CEO and Founder of BlackLine. "He understands what it takes to build and grow category-defining platforms, and I'm excited to welcome him as we continue to innovate for the Office of the CFO." "BlackLine has built a differentiated platform with significant opportunities ahead," said Greg Hughes. "I'm honored to join the board and look forward to working with the other board members and leadership team to help advance the company's strategy and support its continued momentum as a category leader in financial operations." About BlackLine BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine's proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future. For more information, please visit Media Contact Samantha Darilek VP, Communications, [email protected] Investor Contact: Matt Humphries SVP, Investor Relations, [email protected] Safe Harbor This document contains forward-looking statements. These statements may relate to, but are not limited to, expectations of future operating results or financial performance of BlackLine, Inc. ("BlackLine" or the "Company"), the calculation of certain key financial and operating metrics, capital expenditures, introduction of new solutions or products, expansion into new markets, regulatory compliance, plans for growth and future operations, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," anticipate," "believe," "estimate," "predict," "intend," "potential," "would," "continue," "ongoing" or the negative of these terms or other comparable terminology. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this presentation may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. These risks and uncertainties are described in greater detail under the heading "Risk Factors" in the filings we make with the Securities and Exchange Commission ("SEC") from time to time, which are available on our website at and on the SEC's website at Except as required by law, BlackLine does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this presentation, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. In addition to U.S. GAAP financials, this document includes certain non-GAAP financial measures, including non-GAAP revenue, gross profit, gross margin, free cash flow, sales and marketing expense, research and development expense, general and administrative expense, loss from operations and operating margin (loss). These non-GAAP measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. The non-GAAP financial measures we use may differ from the non-GAAP financial measures used by other companies.
Irish Times
4 days ago
- Politics
- Irish Times
Taoiseach asks to see report on alleged anti-Semitism in Irish school books
The Taoiseach has asked to see a report, conducted by an Israeli education organisation, on alleged 'promotion' of anti-Semitism in Irish schoolbooks. The report published late last year finds 'concerning misrepresentations of the Holocaust, Judaism and Israel' in some schoolbooks at primary and second level. Conducted by the Institute for Monitoring Peace and Cultural Tolerance in School Education (Impact-se), the report analysed primary and post-primary textbooks, focusing on history and religious education. 'The findings reveal a troubling pattern of trivialisation and minimisation of the Holocaust,' it says. 'For instance, Auschwitz was referred to misleadingly as a 'prisoner of war camp', failing to acknowledge its role as a death camp where mass extermination occurred,' the report says. READ MORE 'Such descriptions dilute the historical and emotional gravity of the Holocaust, providing students with an incomplete understanding of this atrocity.' It says 'many narratives question the legitimacy of the state of Israel and undermine Jewish claims to indigeneity in the land', while 'discussions on the Israeli-Palestinian conflict often lack the necessary historical and political context, presenting a one-sided view that frames Israel as the sole aggressor'. Impact-se is well regarded in Israel and the United States but faced criticism in 2022 from the United Nations, which called it 'biased', and in 2018 by then minister of state for international development in the British Conservative government, Alistair Burt, who said its research was 'not objective'. Among the Irish publishers whose schoolbooks Impact-se criticises are Edco, Gill Education, and Veritas. A junior cycle religious education textbook, Inspire – Wisdom for the world, published by implies 'Judaism believes engaging in violence and war is necessary to achieve justice. In so doing, it ignores the diverse teachings in Jewish texts that advocate for peace, justice,' says Impact-se. A spokesman for said the book ' highlights the importance of working to prevent anti-Semitism". 'For example, the material on the Holocaust and anti-Semitism on pages 396 to 399 explicitly stresses the importance of standing up against anti-Semitism. Inspire also includes many examples that cover the diverse teachings in Jewish texts that advocate for peace, justice and the sanctity of life,' he said, providing examples from the book. A Leaving Certificate religious education book, Faith Seeking Understanding, published by Veritas, is 'problematic', says the report, because it labels the Auschwitz concentration camp by name only. 'Auschwitz was not merely a geographical location ... Failing to label the image as 'Auschwitz Death Camp' or at least 'Auschwitz Concentration Camp' fails to convey the horrific reality associated with the name.' Veritas closed last year and could not be contacted for comment. Gill Education and Edco did not respond to requests for comment. The Taoiseach's office did not comment on the report, though confirmed Micheál Martin has sought a copy of it. 'During [a] meeting a report on the representation of Jews, Judaism and Israel in Irish school textbooks was raised. Following the meeting, the Taoiseach requested a copy of the report,' said a spokesman. Maurice Cohen, chair of the Jewish Representative Council, said he had sought a meeting the Department of Education amid concerns from parents of the estimated 700 to 1,000 Jewish school-going children about 'material that was offensive to Jewish people in our schoolbooks'. 'I was told I would receive a call within four days to arrange a meeting. The call never came,' said Mr Cohen. 'In recent times, the classroom has become a battleground for political messaging – particularly concerning the Israeli–Palestinian conflict. Teachers, like all citizens, are entitled to their views. But it becomes deeply problematic when those views are presented as fact to young minds. 'I have received many calls – not only from Jewish parents – expressing serious concern. Many people feel their children are being subjected to ideological messaging as early as five years old. They are right to be alarmed.' A spokesman for the Department of Education said it had no role in the content of text books. 'The curriculum for students in Ireland, at both primary and post-primary level, is for all learners regardless of race, religion, socioeconomic background, gender, orientation or ethnicity. 'The curriculum specification and prescribed material for any subject are determined by the National Council for Curriculum and Assessment (NCCA).' Chief executive of the NCCA Arlene Forster said she was aware of the report. 'Apart from a small number of prescribed texts at post-primary level, it is the responsibility of each individual school to select the resources that it will use to support its implementation of the curriculum. The content of textbooks is decided by each publisher.' Marcus Sheff, Impact-se chief executive, told The Irish Times that, given the report's findings, 'it can be no wonder that the [Irish] Jewish community feels increasingly worried and unsafe'. The texts' content 'clearly promotes anti-Semitism' in classrooms, he said. 'It is therefore both sad and astonishing that Ireland's Government has not engaged with these incredibly worrying findings, instead choosing to deflect or ignore the evidence entirely.' Mr Sheff is a former journalist and was briefly a reservist spokesman and media trainer with the Israel Defense Forces .
Zawya
05-07-2025
- Business
- Zawya
Cohesity recognized as a leader in 2025 Gartner Magic Quadrant
DUBAI, United Arab Emirates – Cohesity, the leader in AI-powered data security, today announced it has once again been positioned as a Leader in the 2025 Gartner Magic Quadrant for Backup and Data Protection Platforms (BDPP). This is the sixth year the company has been named a Leader in the report. Through its recent combination with Veritas' enterprise data protection business, Cohesity is the only vendor Gartner has named a Leader in each of its last 20 backup and data protection platform reports.1 Securing and managing data represents a challenge for organizations everywhere, of all sizes and types. With over 200 zettabytes of the world's data needing protection, cyber threats increasing in sophistication and scale, and growing demand for the ability to extract more intelligence from data, the stakes have never been greater. Cohesity has been positioned by Gartner in the Magic Quadrant for BDPP based on its completeness of vision and ability to execute. 'Being recognized as a Leader in this report for six consecutive years underscores our innovation commitment to protecting the world's data -- while driving the future of AI-powered data security and insights,' said Kit Beall, chief revenue officer, Cohesity. 'Cohesity's success is driven by a unique ability to execute at scale with a comprehensive cyber resilience portfolio for complex on-premises, multicloud, and SaaS environments. These strengths underpin our mission to protect, secure, and provide insights into the world's data.' Cohesity has also been recognized as a Customers' Choice for the seventh consecutive time in the 2025 Gartner Peer Insights™ Voice of the Customer report for overall experience, user interest, and adoption. Resources: Download a complimentary copy of the 2025 Gartner Magic Quadrant for Backup and Data Protection Platforms. Learn more about Cohesity's unified platform for securing, managing, and extracting value from enterprise data, available as self-managed software and SaaS, the Cohesity Data Cloud. Join our short, expert-led technical demos to learn more about Cohesity products and ask questions in real-time. Download a free trial of Cohesity Cloud Services. 1Previous titles include Magic Quadrant for Enterprise Backup and Software Recovery Solutions (2021-2024), Magic Quadrant for Datacenter Backup and Recovery Solutions (2020-2019), Magic Quadrant for Enterprise Backup Software and Integrated Appliances (2014-2015), Magic Quadrant for Enterprise Backup/Recovery Software (2011-2013), Enterprise Backup and Restore Magic Quadrant (2001, 2003-2005), Enterprise Backup Market: Vendor Positioning (1999), Enterprise Backup Market Update (2000). From 2005-2015, Veritas Technologies was known as Symantec. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. About Cohesity Cohesity is the leader in AI-powered data security. Over 13,600 enterprise customers, including over 85 of the Fortune 100 and nearly 70% of the Global 500, rely on Cohesity to strengthen their resilience while providing Gen AI insights into their vast amounts of data. Formed from the combination of Cohesity with Veritas' enterprise data protection business, the company's solutions secure and protect data on-premises, in the cloud, and at the edge. Backed by NVIDIA, IBM, HPE, Cisco, AWS, Google Cloud, and others, Cohesity is headquartered in Santa Clara, CA, with offices around the globe. To learn more, follow Cohesity on LinkedIn, X, and Facebook. Media Contacts: The Alto Agency on behalf of Cohesity in the Middle East Cohesity@
Techday NZ
01-07-2025
- Business
- Techday NZ
Cohesity marks sixth year as Gartner Leader for data protection
Cohesity has been named a Leader for the sixth year in a row in the 2025 Gartner Magic Quadrant for Backup and Data Protection Platforms. The company's merger with the enterprise data protection business of Veritas has established it as the only vendor to be recognised as a Leader in every one of Gartner's last 20 backup and data protection platform reports. This milestone covers numerous Gartner market assessments stretching back to 1999, with titles and criteria reflecting changes in the data protection sector over time. Industry landscape As organisations globally face the ongoing challenge of safeguarding and managing increasing volumes of data, the need for reliable and scalable data protection platforms continues to grow. Gartner's Magic Quadrant for Backup and Data Protection Platforms evaluates providers based on their completeness of vision and ability to execute, highlighting the complex and evolving nature of data security requirements. The Magic Quadrant report takes into account several factors, including product capability, customer experience, and market responsiveness. With more than 200 zettabytes of the world's data said to require protection and cyber threats advancing in scale and sophistication, Gartner's analysis reflects a sector where customers seek robust, comprehensive solutions. Gartner's ongoing evaluation of vendors is considered significant by buyers in the IT procurement process, where factors such as cyber resilience, support for hybrid environments, and the ability to draw actionable insights from data are high priorities for technology leaders. Company leadership comment "Being recognised as a Leader in this report for six consecutive years underscores our innovation commitment to protecting the world's data -- while driving the future of AI-powered data security and insights," said Kit Beall, chief revenue officer, Cohesity. "Cohesity's success is driven by a unique ability to execute at scale with a comprehensive cyber resilience portfolio for complex on-premises, multicloud, and SaaS environments. These strengths underpin our mission to protect, secure, and provide insights into the world's data." The company's approach integrates artificial intelligence to build on its traditional data security portfolio, with coverage for on-premises, multicloud, and software-as-a-service (SaaS) environments. Cohesity's focus also includes providing insights drawn from enterprise data, responding to growing demands for analytics and intelligence that go beyond basic backup and recovery. Customer recognition Cohesity has also been recognised as a Customers' Choice for the seventh consecutive time in the 2025 Gartner Peer Insights Voice of the Customer report, which is based on customer experience, user interest, and adoption. The Peer Insights Voice of the Customer report collects feedback from end users to gauge levels of satisfaction with various technology solutions. This consistent recognition suggests a positive reception among enterprise clients, spanning sectors and organisational sizes. Market position Formed following the combination with Veritas' enterprise data protection business, Cohesity states its offerings are aimed at strengthening resilience while enabling AI-driven insights across significant volumes of enterprise data. The company's customer base includes more than 13,600 enterprise organisations, among them over 85 of the Fortune 100 and nearly 70% of the Global 500. Cohesity's portfolio is designed to support organisations in securing and managing data on-premises, in the cloud, and at the edge. The company also notes ongoing backing from technology partners across the sector, including NVIDIA, IBM, HPE, Cisco, AWS, and Google Cloud. Gartner research publications offer opinions of the research organisation and do not constitute formal endorsements of any vendor, product, or service. Gartner states it does not advise technology users to select only those vendors with the highest ratings or other designations, and cautions that its reports should not be construed as statements of fact. Gartner Peer Insights content is based on user experiences and individual opinions, not on factual statements or Gartner's views. Gartner does not endorse any vendor, product, or service referenced in Peer Insights and provides no warranty as to the accuracy or completeness of the content.
