Veeam Software Group GmbH today announced a definitive agreement to acquire Securiti Inc. for $1.725 billion, by far the largest purchase made by the company to date. Though Veeam has made many acquisitions under the tenure of Chief Executive Anand Eswaran (pictured), this is the first in the security market. As a data protection company, Veeam can be thought of as “security-adjacent,” but now squarely enters the artificial intelligence cybersecurity race.

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Veeam to acquire Securiti for $1.7B+ to accelerate safe AI at scale