--- description: Today it was announced that Veeam Software has entered an agreement of acquisition with the software investor group Insight Partners. Under the new... title: Veeam Gets Acquired For $5 Billion image: https://www.storagereview.com/wp-content/uploads/2017/05/New-Veeam-Logo.jpg --- [![Storage Review]()](https://storagereview.com/) --- [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [![StorageReview.com](https://www.storagereview.com/wp-content/uploads/2026/07/Storage-Review-2x.png)](https://www.storagereview.com) ≡ Menu - [Home](https://www.storagereview.com/) - [Storage Reviews](https://www.storagereview.com/review) - [End User Reviews](https://www.storagereview.com/consumer) - [Enterprise Reviews](https://www.storagereview.com/enterprise) - [Ubiquiti Reviews](https://www.storagereview.com/best/ubiquiti-reviews) - [SR Merch](https://store.storagereview.com) - [Leaderboards](https://www.storagereview.com/best) - [Best Storage Arrays](https://www.storagereview.com/best/storage-arrays) - [Best Enterprise SSDs](https://www.storagereview.com/best/enterprise-ssds) - [Best Servers](https://www.storagereview.com/best/servers) - [Best Enterprise GPUs](https://www.storagereview.com/best/enterprise-gpus) - [Best Desktops for Local AI](https://www.storagereview.com/best/desktops-local-ai) - [Best Laptops for Local AI](https://www.storagereview.com/best/laptops-local-ai) - [Best Local LLM Tools](https://www.storagereview.com/best/local-llm-tools) - [Agentic AI Hardware](https://www.storagereview.com/best/agentic-ai-hardware) - [Best SSDs & Hard Drives](https://www.storagereview.com/best_drives) - [Best Portable SSDs](https://www.storagereview.com/best/portable-ssds) - [Best Business Laptops](https://www.storagereview.com/best/business-laptops) - [Best Mobile Workstations](https://www.storagereview.com/best/mobile-workstations) - [Best Desktop Workstations](https://www.storagereview.com/best/desktop-workstations) - [Best Mini PCs](https://www.storagereview.com/best/mini-pcs) - [Best Laptop Battery Life](https://www.storagereview.com/best/laptop-battery-life) - [Storage Reference Guide](https://www.storagereview.com/storage-reference-guide) - [About SR](https://www.storagereview.com/about-storagereview) - [StorageReview.com Sweepstakes Rules and Regulations](https://www.storagereview.com/storagereview-com-sweepstakes-rules-and-regulations) Search [Home](https://www.storagereview.com/) » [News](https://www.storagereview.com/news) » Veeam Gets Acquired For $5 Billion # Veeam Gets Acquired For $5 Billion by Adam Armstrong on January 9, 2020 Today it was announced that Veeam Software has entered an agreement of acquisition with the software investor group Insight Partners. Under the new ownership, Veeam will move from being a Swiss company to an U.S.-based company with a U.S.-based leadership team. The deal is expected to close in the first quarter of 2020 and is valued at roughly $5 billion.  ![](https://www.storagereview.com/wp-content/uploads/2020/01/Veeam_logo_topaz_2019.jpg) Veeam Software was founded in 2006 by Ratmir Timashev and Andrei Baronov. The name is derived from the phonetic pronunciation of VM. The company started off by monitoring and reporting on virtual-infrastructure. What really caught everyone’s attention was when the company released its free VM backup copy product, FastSCP, in 2007. 2008 saw the release of Veeam Backup & Replication, a tool that provided VMware vSphere VMs with incremental backups and image-based replication, with built-in data deduplication and compression. Since then the company has continued to grow surpassing $1 billion sales in 2019 and having nearly 4,000 employees. Last year saw a cash injection from Insight Partners of [roughly half a billion dollars](https://www.storagereview.com/veeam_rubrik_take_in_massive_funding_hauls). Insight Partners and Veeam worked together to expand its software-defined Veeam Cloud Data Management Platform. Now Insight Partners is acquiring the company and will help fulfill Veeam’s Second Act, with will bring their pending global growth trajectory to scale. The acquisition does several things: Veeam becomes a U.S. company, its reach is expanded to new markets, and their will be an uptick in employees helping it to pursue it’s goal of becoming the leader in hybrid cloud and backup solutions that deliver cloud data management. On a personnel note, Veeam’s EVP, Operations, William H. Largent, will be promoted to CEO. The company’s VP of Product Strategy, Danny Allan, will be promoted to CTO.  [Veeam](https://www.veeam.com) [Discuss on Reddit](https://www.reddit.com/r/StorageReview/comments/emckyz/veeam_gets_acquired_for_5_billion/) [Sign up for the StorageReview newsletter](https://www.storagereview.com/storagereview_newsletter_signup) **Engage with StorageReview** [Newsletter](https://www.storagereview.com/storage_newsletter) |  [YouTube](https://www.youtube.com/user/StorageReview "Opens in a new window") | Podcast  [iTunes](https://podcasts.apple.com/gb/podcast/storagereview-com-storage-reviews/id1060681115 "Opens in a new window")/ [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0 "Opens in a new window") |  [Instagram](https://www.instagram.com/storagereview/ "Opens in a new window") |  [Twitter](https://twitter.com/storagereview "Opens in a new window") |  [TikTok](https://www.tiktok.com/@storagereview? "Opens in a new window") |  [RSS Feed](https://www.storagereview.com/rss.xml) ![]() ### Adam Armstrong Adam is the chief news editor for StorageReview.com, managing our internal and freelance content teams. Previous post: [QNAP Integrates Wasabi](https://www.storagereview.com/news/qnap-integrates-wasabi) Next post: [Synology Announces New NAS Solutions](https://www.storagereview.com/news/synology-announces-new-nas-solutions) Trusted Vendors Products and solutions from our affiliate partners: - [ ![Ubiquiti Logo](https://www.storagereview.com/wp-content/uploads/2024/11/2-1.webp) Ubiquiti ](https://store.ui.com/us/en?a_aid=StorageReview "Opens in a new window") - [ ![Newegg Logo](https://www.storagereview.com/wp-content/uploads/2025/11/newegg.webp) Newegg ](https://click.linksynergy.com/fs-bin/click?id=g5terNMDhz0&offerid=1207190.18&subid=0&type=4 "Opens in a new window") - [ ![Amazon Logo](https://www.storagereview.com/wp-content/uploads/2025/11/amazon.webp) Amazon ](https://amzn.to/4fLJUEW "Opens in a new window") Newsletter Subscribe to the StorageReview newsletter to stay up to date on the latest news and reviews. We promise no spam! 1 Leave this field empty if you’re human: Content Categories [Facebook](https://www.facebook.com/@storagereview) [X](https://twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) Copyright © 1998-2025 Flying Pig Ventures, LLC Cincinnati, Ohio. All rights reserved. Manage your privacy To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads. Not consenting or withdrawing consent, may adversely affect certain features and functions. Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen. Functional Functional Always active The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Preferences Preferences The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Statistics Statistics The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Marketing Marketing The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Statistics Marketing Features Always active Special features Special purposes Always active - Manage options - Manage services - Manage {vendor\_count} vendors - [Read more about these purposes](https://cookiedatabase.org/tcf/purposes/) Accept Deny Manage options Save preferences Manage options - {title} - {title} - {title} Manage your privacy To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions. Functional Functional Always active The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Preferences Preferences The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Statistics Statistics The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Marketing Marketing The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Statistics Marketing Features Always active Special features Special purposes Always active - Manage options - Manage services - Manage {vendor\_count} vendors - [Read more about these purposes](https://cookiedatabase.org/tcf/purposes/) Accept Deny Manage options Save preferences Manage options - {title} - {title} - {title} Manage consent Manage consent ```json {"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion","url":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion","name":"Veeam Gets Acquired For $5 Billion - StorageReview.com","isPartOf":{"@id":"https:\/\/www.storagereview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion#primaryimage"},"image":{"@id":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion#primaryimage"},"thumbnailUrl":"https:\/\/www.storagereview.com\/wp-content\/uploads\/2017\/05\/New-Veeam-Logo.jpg","datePublished":"2020-01-09T17:07:56+00:00","breadcrumb":{"@id":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion#primaryimage","url":"https:\/\/www.storagereview.com\/wp-content\/uploads\/2017\/05\/New-Veeam-Logo.jpg","contentUrl":"https:\/\/www.storagereview.com\/wp-content\/uploads\/2017\/05\/New-Veeam-Logo.jpg","width":100,"height":18},{"@type":"BreadcrumbList","@id":"https:\/\/www.storagereview.com\/news\/veeam-gets-acquired-for-5-billion#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.storagereview.com\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/www.storagereview.com\/news"},{"@type":"ListItem","position":3,"name":"Veeam Gets Acquired For $5 Billion"}]},{"@type":"WebSite","@id":"https:\/\/www.storagereview.com\/#website","url":"https:\/\/www.storagereview.com\/","name":"StorageReview.com","description":"StorageReview.com is a leading provider of news and reviews throughout the entire IT stack - from the datacenter to the edge, and all points in between.","publisher":{"@id":"https:\/\/www.storagereview.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.storagereview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.storagereview.com\/#organization","name":"StorageReview.com","url":"https:\/\/www.storagereview.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.storagereview.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.storagereview.com\/wp-content\/uploads\/2020\/02\/Storage-Reviews-2-2.png","contentUrl":"https:\/\/www.storagereview.com\/wp-content\/uploads\/2020\/02\/Storage-Reviews-2-2.png","width":344,"height":61,"caption":"StorageReview.com"},"image":{"@id":"https:\/\/www.storagereview.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/storagereview","http:\/\/youtube.com\/user\/storagereview"]}]} ```