Insight Partners to Acquire Swiss Cloud Data Management Leader Veeam in a Transaction Valued at Approximately US$5 Billion
Veeam News, January 9th, 2020
January 9, 2020,
Volume 262, Issue 2
"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)..."
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