Insight Partners покупает Veeam
9, январь 2020
Insight Partners to Acquire Swiss Cloud Data Management Leader Veeam in a Transaction Valued at Approximately US$5 Billion
NEW YORK, Jan 9, 2020 - Leading software investor Insight Partners announced today that it has entered into a definitive agreement to acquire Veeam Software, the leader in Backup solutions that deliver Cloud Data Management™. Under the ownership of Insight Partners, Veeam will become a U.S. company, with a U.S.-based leadership team, while continuing its global expansion from offices in 30 countries and with customers in over 160 countries. The acquisition, which is expected to close during the first quarter of 2020, will enable Veeam to accelerate its Act II (Veeam's evolution into Hybrid Cloud), expand into new markets and continue its growth trajectory. As part of the acquisition, William H. Largent has been promoted to Chief Executive Officer (CEO) - he previously held the role of Executive Vice President (EVP), Operations – and Danny Allan has been promoted to Chief Technology Officer (CTO).
The acquisition and bolstering of U.S. leadership will accelerate Veeam's already impressive growth trajectory and expansion into adjacent markets.
“Veeam has enjoyed rapid global growth over the last decade and we see tremendous opportunity for future growth, particularly in the U.S. market. With the acquisition, we are excited that our current U.S. workforce of more than 1,200 will be expanded and strengthened to acquire and support more customers,” said William H. Largent, CEO at Veeam. “Veeam has one of the highest caliber global workforces of any technology company, and we believe this acquisition will allow us to scale our team and technology at an unrivaled pace.”
At the core of Veeam's strategy is delivering simplicity, flexibility and reliability to its global customer base (which includes 81% of the Fortune 500). During the last decade, Veeam's approach has seen it collect more than 170 industry awards, named as a leader in three consecutive backup and data recovery Magic Quadrants by Gartner, boast a consistent leadership position in the Forrester Wave and also named as one of Forbes' Cloud 100 companies for four straight years.
According to the latest IDC Software Tracker, Veeam is the #1 market-share leader in EMEA and the #4 worldwide, after DellEMC, Veritas and IBM. Today, Veeam is the clear market leader, delivering Backup solutions that enable Cloud Data Management, and has recently launched exciting new cloud-native solutions that will enable customers to manage, migrate, orchestrate and protect data across AWS and Microsoft Azure environments – core elements of its Act II. In the coming weeks, NEW Veeam Availability Suite v10 will be generally available, providing users with the most powerful software-defined data management solution in the industry.
“Veeam's strong growth, coupled with high customer retention, unparalleled data management solutions and the opportunities to expand services into new markets, make Veeam one of the most exciting software companies in the world today,” Insight Partners Managing Director and Veeam Board member Mike Triplett said. “Veeam's platform is the most advanced and complete data management solution available to businesses requiring a seamless blend of data backup and recovery, data protection, data security and data availability. We are committed to supporting Veeam's next phase of leadership and growth in the United States, continued market-share leadership position in EMEA and continued global expansion.”
The Board of Directors will be immediately supplemented with seasoned software, government and business leadership as co-investor Nick Ayers, of Ayers Neugebauer & Company, a member of the World Economic Forum's Young Global Leaders and former Chief of Staff to the Vice President of the United States, joins Insight Partners Managing Director Mike Triplett and Veeam CEO, William H. Largent on the Board. Following the acquisition, Co-Founders Andrei Baronov and Ratmir Timashev will step down from the Board. Additionally, Insight Partners Managing Directors Ryan Hinkle and Ross Devor will each serve on the Board once the acquisition has been completed.
Goldman Sachs & Co., J.P. Morgan and Morgan Stanley served as financial advisors, and Willkie Farr & Gallagher LLP served as legal counsel, to Insight Partners. Ropes & Gray LLP served as legal counsel to Veeam. Financing commitments for the transaction provided by affiliates of J.P. Morgan, Goldman Sachs & Co., Morgan Stanley, Ares Management, Bank of America, Golub Capital and Antares Capital.