Tag: data resilience

$2B secondary funding gives Veeam $15B valuation on path to IPO

Veeam Software Group GmbH, the market share leader in data resilience, today announced a new $2 billion investment from several top investment firms. The Seattle-based company said its valuation now stands at $15 billion, which is about the same as the valuation of Commvault Systems Inc. and Rubrik Inc. combined. Investors in what the company calls an oversubscribed round are led by TPG, with participation from Temasek, Neuberger Berman Capital Solutions and others. Morgan Stanley managed the round.

Read More About
$2B secondary funding gives Veeam $15B valuation on path to IPO

CEO Anand Eswaran delivers his data resilience vision in a wide-ranging keynote at VeeamON 24

At VeeamON 24 last week in Florida, the opening general session was kicked off by Tamecka McKay, chief information officer for the City of Fort Lauderdale, who touted the city as an economic hub with industries as diverse as aviation, technology, finance, marine, and tech — and no state tax. The city is also home to soccer phenom Lionel Messi. After introducing Veeam Inc. Chief Executive Anand Eswaran (pictured), McKay discussed her current challenges and those she faced as CIO of the Broward County Public Schools — everything from 1,000-year floods to ransomware attacks.

Read More About
CEO Anand Eswaran delivers his data resilience vision in a wide-ranging keynote at VeeamON 24