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.
Tag: Veritas
Softbank Group Corp.-backed Cohesity Inc. today boldly announced its intent to acquire the Veritas Technologies LLC‘s data protection business for $3 billion. The purchase will be funded one-third with equity, and the other two-thirds will be debt-financed through Haveli Investments, Premji Invest and Madrona Venture Group.