Tag: VEEAM

$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.

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$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.

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

Veeam acquires Coveware to bolster its ransomware incident response capabilities

Veeam Inc. today announced that it has acquired incident response firm Coveware Inc. for an undisclosed price. The new offering that results from the acquisition — Coveware by Veeam — will operate independently initially, but the company will integrate elements over time. Dave Russell, vice president of strategy at Veeam, gave me a preview of the announcement.

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Veeam acquires Coveware to bolster its ransomware incident response capabilities

Veeam announces strategic partnership with Microsoft to integrate Copilot and AI services

Veeam Inc., which already protects some 18 million Microsoft 365 users is extending its partnership with Microsoft Corp. to develop joint AI solutions for its data protection and ransomware recovery platform. In an announcement today, the company said its engineering collaboration will result in capabilities to help keep organizations running despite attacks, outages and natural disasters.

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Veeam announces strategic partnership with Microsoft to integrate Copilot and AI services

Veeam gets into the backup-as-a-service game for Microsoft 365 and Microsoft Azure

Veeam Software Inc. Wednesday announced a couple of new offerings in the backup-as-a-service market: Cirrus by Veeam for Microsoft 365 and Microsoft Azure.

I had a chance to get a pre-briefing with Veeam Chief Technology Officer Danny Allan and asked him what was behind this move. He said it’s primarily about giving customers the flexibility to choose how they want to use Veeam to protect their business whether it’s in the cloud, on-premises or a combination of both.

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Veeam gets into the backup-as-a-service game for Microsoft 365 and Microsoft Azure