Friday, 24 March, 2023

Insight Partners acquires data backup firm Veeam for US$5 Billion

<p style="text-align:justify"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt">Software investor Insight Partners has announced to acquire Veeam Software, the leader backup solutions that deliver cloud data management</span><strong> </strong><span style="font-size:12.0pt">for $5 billion. With this acquisition, Veeam that has a significant presence in India will now become a US company and will continue its global expansion from offices in 30 countries with customers in over 160 countries. According to the reports, this acquisition is expected to close during the first quarter of 2020. </span></span></span></p>