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Veeam
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Veeam
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Veeam Software Group is a privately held US-based information technology company owned by Insight Partners. It develops backup, disaster recovery and modern data protection software for virtual, cloud-native, SaaS, Kubernetes and physical workloads. Veeam Software was co-founded by two Russian entrepreneurs, Ratmir Timashev and Andrei Baronov.[4][5][6][7] While Veeam's start was built on protecting data across virtualized workloads, it has significantly expanded to protect data across a wide variety of platforms from AWS, Azure, Google Cloud, Microsoft 365, Kubernetes, etc. Veeam's current CEO, Anand Eswaran, has been pushing Veeam's strategy to accelerate share in the enterprise with adding several layers to Veeam's partnerships.

Key Information

The company headquarters is in Kirkland, Washington, United States.[1][8][9][10][11] The company's international offices include the regional headquarters for EMEA in Paris, France, for the Americas in Columbus, Ohio, for the Middle East in Dubai and for the Asia-Pacific region in Sydney, Australia.[12][13] The company's largest R&D center is in Prague, Czechia.[14][15][16]

History

[edit]

Ratmir Timashev and Andrei Baronov met in the United States while attending Ohio State University. After selling their previous IT management software company, Aelita Software Corporation, to Quest Software in 2004;[17][18][19] the two founded Veeam in 2006, opening the first Veeam office in Saint-Petersburg, Russia.

The first Veeam products, Veeam Monitor and Veeam Reporter, provided monitoring, reporting, analysis and documentation for virtual infrastructure. In 2007 Veeam released a free VM backup copy product, FastSCP,[20][21] which became a basis for building Veeam's data-protection software for hardware virtualization.[22]

In 2014, Veeam held its first conference on data protection and availability called "VeeamON," which took place in Las Vegas, Nevada.[23]

In 2016, Veeam appointed Peter C. McKay, formerly Senior Vice President & General Manager of Americas at VMware, to the position of President and COO.[24][25][26] McKay was promoted to a co-CEO role alongside Baronov and then in late 2018 McKay left the company during restructuring, leaving Baronov as sole CEO.[27]

On January 9, 2020, Insight Partners announced that they would purchase Veeam in a $5 billion deal and move the company HQ to the US.[28][29][30]

In 2020, Veeam appointed Bill Largent, former chairman of the board, as CEO and chairman.[31][32] The next year Anand Eswaran replaced Largent as CEO.[29][33]

Software

[edit]

In 2008, with 10 employees, the company released Veeam Backup & Replication,[34] a tool that provided VMware vSphere VMs with incremental backups and image-based replication, with built-in data deduplication and compression.[35][36] Veeam Backup & Replication started supporting Microsoft Hyper-V in 2012.[37][38]

In 2015, the company extended its product line with a free backup utility for physical endpoints — Veeam Endpoint Backup FREE; it supports PCs running 32 and 64 bit versions of Microsoft Windows OS and integrates with Veeam Backup & Replication.[39][40] In the same year, it released Veeam FastSCP for Microsoft Azure, a tool for copying files between on-premises and Microsoft Azure VMs.[41][42]

In 2016, it launched Veeam Backup for Microsoft Office 365, for backing up Office 365 Exchange servers,[43][44][45][46] and Veeam Availability Orchestrator, a multi-hypervisor disaster recovery orchestration software with documenting, testing and reporting capabilities.[47][48][49]

In 2017, it introduced three new products: Veeam Agent for Microsoft Windows (successor to Endpoint Backup) and Veeam Agent for Linux — for physical workload data protection with various backup/restore scenarios including cloud,[50][51][52] and Veeam Availability Console — a free tool for managing Veeam-powered data protection and disaster recovery in distributed infrastructures and enabling BaaS and DRaaS services delivered through service providers.[53][54]

In 2020, Veeam announced 16 releases. This includes Veeam Backup & Replication™ v10, Veeam ONE™ v10, Veeam Backup for Nutanix AHV v2, Veeam Service Provider Console v4, Veeam Backup for Microsoft Azure v1, Veeam Availability Orchestrator v3, Veeam Backup for Microsoft Office 365 v5 and Veeam Backup for AWS v3.[34][55][56]

Acquisitions

[edit]

In 2008, the company acquired nworks to further integrate VMware management with Microsoft and Hewlett-Packard enterprise system management platforms.[57][58][59]

This resulted in two new products:[57]

  • Veeam nworks Management Pack for VMware to directly integrate VMware management into Microsoft System Center Operations Manager
  • Veeam nworks Smart Plug-In for VMware to directly integrate VMware management into HP OpenView

In 2012, both products were renamed to Veeam Management Pack and Veeam Smart Plug-In, omitting the word "nworks."[60]

In 2017, Veeam acquired N2WS, a company providing cloud-native enterprise-grade backup and disaster recovery solutions for Amazon Web Services (AWS). For this, the R&D team works in collaboration followed by the acquisition of N2WS by Veeam.[61][62] In 2019, Veeam sold N2WS back to its original founders after discussions with the US Government.[63][64]

In 2020, Veeam acquired Kasten, a market leader in backup and disaster recovery solutions for Kubernetes.[65][66][67]

In April 2024, Veeam announced it had acquired ransomware incident response and recovery company Coveware; terms were not disclosed, and Coveware will remain operationally independent.[68]

In October 2025, Veeam divulged plans to acquire data security posture management (DSPM) company Securiti AI for $1.725 billion in cash and stock; this transaction is expected to close later in Q4-2025.[69]

References

[edit]
[edit]
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Veeam

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Veeam Software is a privately held American multinational technology company headquartered in Seattle, Washington, specializing in data resilience solutions including , disaster recovery, and intelligent data management for cloud, virtual, physical, and multi-cloud environments. Founded in 2006 by Russian entrepreneurs and Andrei Baronov, the company initially focused on simplifying backups for virtual machines, particularly for platforms like and , and has grown to protect over 550,000 customers worldwide, including 67% of the Global 2000. With more than 5,000 employees across over 30 countries, Veeam positions itself as the global leader in data protection, emphasizing secure, flexible, and rapid recovery from threats like . The company's core offerings are built around the Veeam Data Platform, a unified solution that provides , recovery, freedom, and across hybrid and multi-cloud infrastructures. Key products include , which enables automated backups, instant recovery, and replication for virtual, physical, and cloud workloads; Veeam ONE, for monitoring and reporting on backup environments; and specialized tools like Veeam Backup for and Veeam Kasten for . These solutions support a subscription-based Veeam Universal License (VUL) model, allowing perpetual protection for any workload without expiration, and are designed to ensure and resilience against cyber threats. Veeam's growth trajectory includes strategic acquisitions, such as Kasten by Veeam in 2020 to enhance Kubernetes-native backup capabilities, and a shift to U.S.-based operations following its 2020 acquisition by for approximately $5 billion. In October 2025, Veeam acquired Securiti AI for $1.725 billion to bolster AI and capabilities. In December 2024, the company welcomed new investors including TPG and in a $2 billion secondary equity offering, achieving a $15 billion valuation while retained its position as the largest shareholder. As of 2025, Veeam reported over $1.7 billion in annual recurring revenue, approaching $2 billion, underscoring its dominance in the data protection market amid rising demands for .

History

Founding and Early Years

Veeam Software was founded in 2006 by and Andrei Baronov in , USA, as a software development firm specializing in management tools. The co-founders, both Russian-born entrepreneurs who had previously built successful IT businesses, established the company to address emerging needs in virtual infrastructure monitoring and reporting, particularly for environments. Initially headquartered in Columbus with a small team of about 13 employees, Veeam operated from modest offices and focused on delivering specialized solutions for IT administrators managing virtual machines. The company's early development was bootstrapped using proceeds from the 2004 sale of the founders' previous venture, Software, to for $115 million, supplemented by small personal investments without external . This self-funding approach allowed Timashev and Baronov to maintain control while building a lean operation, transitioning from their hardware reselling and roots at Aelita to pure software innovation in . Veeam's initial products targeted VMware's growing ecosystem; in March 2007, it released Veeam Reporter for VI3, which offered automated reporting and change tracking. This was followed in October 2007 by Veeam Monitor for ESX Server, a tool providing real-time performance monitoring and alerting for virtual environments, with an enterprise edition launching in October 2008 to handle larger-scale deployments. A key early challenge for Veeam was entering the highly competitive backup and recovery market, dominated by established players like Symantec NetBackup and , whose legacy physical-server-focused solutions struggled to adapt to virtualization's demands for speed and efficiency. Despite this, Veeam's 2008 launch of marked its pivot toward comprehensive data protection, leveraging its monitoring expertise to offer image-based backups optimized for virtual machines and setting the stage for broader adoption. This foundational period through 2009 emphasized rapid product iteration and customer feedback to differentiate in a market ripe for innovation.

Expansion and Milestones

was first released in 2008 as the company's flagship product, initially focused on virtual environment protection for . The software evolved significantly with version 5.0 in 2010, which introduced support for , enabling broader virtualization compatibility and marking Veeam's expansion beyond VMware-centric solutions. This update enhanced replication and recovery capabilities, positioning Veeam as a multi-hypervisor provider early in its growth phase. In 2012, Veeam achieved VMware partner certification, solidifying its integration with vSphere environments and facilitating deeper market penetration in virtual data centers. In 2017, the company expanded its backup scope to include physical servers with the introduction of Veeam Agent for Microsoft Windows, allowing protection of non-virtualized workloads alongside virtual machines, which broadened its appeal to hybrid IT setups. These developments helped Veeam transition from a niche virtualization backup tool to a more versatile data protection solution. The launch of the Veeam Availability Suite in 2014 represented a strategic pivot toward comprehensive , incorporating , replication, and recovery under a unified framework. Central to this platform was the promotion of the 3-2-1 rule—maintaining three copies of data on two different media types, with one offsite—to enhance resilience against . To capitalize on European market opportunities and optimize operations, Veeam relocated its global headquarters to , in 2012, while retaining key U.S. operations in . This move supported tax efficiencies and proximity to EMEA customers, fueling international scaling. Revenue growth accelerated during the , with Veeam reaching approximately $100 million in annual recurring revenue by 2014 amid 40% year-over-year bookings expansion to $389 million. By 2019, the company reached $1 billion in annual revenue, driven by subscription models and enterprise adoption. Employee numbers grew from around 50 in to over 3,600 by 2019, reflecting rapid scaling to support global demand. This expansion included opening international offices across (e.g., as EMEA headquarters) and (e.g., ), alongside new locations in , , and starting in , to bolster regional presence and sales.

Recent Developments

In 2020, the accelerated Veeam's focus on solutions, driving a 22% year-over-year growth in overall bookings amid heightened demand for modern protection, particularly in environments where 91% of organizations reported increased usage due to remote workers accessing SaaS-based applications. Veeam's Backup for Microsoft Office 365, a key product for hybrid and setups, saw 73% year-over-year growth, reflecting the surge in need for resilient access across distributed workforces. By 2021, Veeam shifted toward a subscription-based licensing model with the introduction of the Universal License (VUL), which simplified per-workload protection and aligned with growing SaaS adoption, including expansions in Veeam Backup for to cover more granular recovery options. This transition supported sustained revenue growth, culminating in Veeam surpassing $1.5 billion in annual recurring revenue (ARR) by 2023, marking over 50% net growth from prior years. Following a spike in global attacks in , Veeam intensified its emphasis on ransomware resilience, incorporating immutable backups that prevent modifications for a defined period and air-gapped storage to isolate data from network threats, as highlighted in its annual Ransomware Trends Report. These features, integrated into the Veeam Data Platform, enabled faster, secure recovery and were adopted widely to counter evolving cyber risks. Veeam's ownership underwent significant changes in the early 2020s, beginning with its acquisition by in 2020 at a valuation of approximately $5 billion, which facilitated U.S.-based leadership and accelerated product innovation. In late 2024, Insight Partners sold a $2 billion stake in a secondary offering led by TPG Capital and other investors, valuing the company at $15 billion and broadening its shareholder base ahead of potential future liquidity events. In 2025, Veeam launched AI-driven recovery analytics through integrations like the Model Context Protocol with , enabling automated threat detection, anomaly monitoring, and predictive recovery orchestration within the Veeam Data Cloud Platform. The company also expanded into for IoT data protection via partnerships, such as with Scale Computing, to deliver enterprise-class backups for distributed edge environments. Veeam continued to receive strong industry and user recognition for its backup and data protection solutions, particularly in cloud environments. It was named a Leader in the 2025 Gartner for and Data Protection Platforms for the ninth consecutive year, with the highest positioning in Ability to Execute for the sixth straight year. On Gartner Peer Insights, Veeam achieved a 4.6 out of 5 rating from 1,921 reviews in the Backup and Data Protection Platforms category, reflecting positive feedback on its reliable cloud data security and protection capabilities. Veeam Data Cloud for Microsoft 365 earned an 8.6 out of 10 rating on TrustRadius based on 518 reviews, praised for its secure, scalable, compliant backup features with strong ransomware protection and reliability across cloud environments. In 2026, reviews and rankings continued to highlight Veeam's reliability and advanced features such as malware scanning in backup software.

Products and Services

Veeam provides a comprehensive suite of data protection and resilience solutions through the Veeam Data Platform, which integrates core backup and replication capabilities with monitoring, analytics, recovery orchestration, proactive threat detection, and specialized cloud offerings to address diverse IT environments.

Backup and Recovery Solutions

Veeam Backup & Replication serves as the flagship component of the Veeam Data Platform, delivering comprehensive data protection and disaster recovery capabilities for environments. It enables through image-based, single-pass processing that leverages native snapshots from platforms, ensuring minimal performance impact on production systems. Specifically, it supports seamless integration with , , and AHV, allowing organizations to protect virtual machines without installing agents on guest operating systems. Key features of include instant VM recovery, which permits rapid restoration of virtual machines directly from s into isolated environments for testing or production . The solution also facilitates replication for , enabling near-real-time data mirroring across sites to support disaster recovery objectives with recovery time objectives (RTOs) as low as seconds. Veeam Recovery Orchestrator complements these features by automating disaster recovery orchestration, including the creation, testing, and execution of recovery plans with automated verification and failover procedures to ensure reliable recovery and compliance with RTO/RPO requirements. To optimize storage efficiency, it incorporates built-in deduplication and compression, which can achieve significant data reduction ratios—up to 20:1 in optimized test scenarios—thereby minimizing sizes and network bandwidth usage. For physical environments, Veeam extends protection through Veeam Agent for Windows and , which provides agent-based backups for servers and workstations. These agents support bare-metal restore functionality, allowing complete system recovery to dissimilar hardware without manual reconfiguration, which is essential for rapid recovery in physical disaster scenarios. Veeam Backup & Replication addresses compliance requirements such as GDPR and HIPAA by incorporating for backups in transit and at rest, along with detailed audit logging to track access and modifications. These features ensure data confidentiality and provide verifiable records for regulatory audits, helping organizations maintain adherence to privacy standards. Deployment flexibility is a core aspect, with options for on-premises installations, virtual appliances deployable in environments, and SaaS-based models for simplified management. The supports through scale-out repositories and distributed components, enabling protection of large-scale environments with tens of thousands of virtual machines by adding proxies and storage extents as needed. The product has evolved significantly since its initial release as version 1.0 in 2008, which introduced foundational backup and replication for environments. Subsequent versions expanded capabilities, with version 10 in 2018 adding native NAS backup support for unstructured file data from platforms like and . Version 11 in 2021 introduced hardened repositories, providing immutable storage to enhance ransomware resilience through Linux-based, air-gapped configurations. By version 12 in February 2023, enhancements included improved compression algorithms and broader integration for enterprise-scale deployments. Later updates, such as version 12.3 released in December 2024 and patched to 12.3.2 in October 2025, added cyber resiliency features like Indicators of Compromise detection and Veeam Threat Hunter, support for 2025, enhanced (CDP), and optimized object storage integration. Version 13 is planned for release in Q4 2025.

Data Management and Security Tools

Veeam provides a range of tools designed to monitor, manage, and secure environments beyond core operations, ensuring health, compliance, and protection against threats. These tools integrate with Veeam's broader platform to deliver unified oversight for virtual, physical, and workloads, helping organizations maintain resilience through proactive and robust measures. Veeam ONE serves as a unified monitoring and analytics platform that tracks infrastructure health, supports , and generates compliance reports across , , and physical systems. As of September 2025, version 13 enhances AI-driven and integrates advanced features. It offers real-time monitoring with over 340 preset alarms to detect issues like performance bottlenecks or failures, enabling administrators to respond before occurs. Customizable dashboards allow users to visualize key metrics, such as CPU, memory, network, and disk usage, grouped by business units, geography, or tags for tailored insights. forecast resource trends in , , and environments, while machine learning-driven identifies irregularities, including potential activity, through intelligent diagnostics and automated issue resolution. The Veeam Service Provider Console (VSPC) enables managed service providers (MSPs) to oversee multi-tenant environments with centralized control over operations. It facilitates multi-tenant management by providing a web-based interface for remote monitoring and configuration of Veeam services across , physical, and virtual assets. streamlines tracking through usage reporting on backups, storage, and resources, supporting automated invoicing based on consumption metrics. Delegated recovery features empower end-users via portals, allowing secure, limited access to restore operations without full administrative privileges. Security enhancements in these tools include (RBAC) to enforce least-privilege access across backup infrastructure and production environments, ensuring users interact only with authorized scopes. (MFA) adds an additional verification layer for logins, aligning with zero-trust principles to prevent unauthorized entry. Integration with (SIEM) systems, such as , allows Veeam event data—like malware detections or access attempts—to be forwarded for centralized analysis and alerting, enhancing threat detection workflows. For ransomware protection, Veeam incorporates tools like Secure Restore, which scans restore points for malware using integrated antivirus engines before allowing recovery to production, preventing reinfection from compromised backups. SureBackup automates verification jobs that test backup integrity and content for malware traces, confirming recoverability and cleanliness in isolated environments. Veeam Recon Scanner provides proactive threat detection by scanning Veeam environments for anomalous behavior indicative of cyber threats, leveraging patent-pending technology and extensive threat intelligence to identify risks early and strengthen overall cyber resilience. These features collectively ensure that only verified, malware-free data is used in recovery processes. Reporting capabilities span automated generation and export of documents in PDF or CSV formats for audits and compliance, drawing from over 150 pre-built templates that cover , job status, and storage utilization. Veeam ONE supports analysis of more than 400 metrics related to jobs, resource consumption, and events, enabling customized reports via a report builder for detailed oversight. These reports aid in , SLA adherence, and regulatory documentation without manual intervention.

Cloud and Hybrid Offerings

Veeam provides specialized backup and recovery solutions for major public platforms, enabling agentless protection of virtual machines, databases, and storage resources while supporting multi- strategies. These offerings integrate natively with services to ensure immutability, efficient tiering, and seamless recovery options across environments. By leveraging -native APIs and storage tiers, Veeam addresses the challenges of and in distributed infrastructures. Veeam Backup for AWS delivers policy-based, agentless protection for Amazon EC2 instances, EBS volumes, RDS databases, EFS file systems, and other AWS workloads, including support for cross-region replication to enhance disaster recovery. Backups are created using native AWS snapshots and stored in for long-term retention, with features like immutable storage to prevent interference. This solution allows recovery to any AWS region or account, minimizing downtime through automated orchestration. Veeam Backup for focuses on native integration for protecting Azure Virtual Machines, Azure SQL databases, and other services, utilizing Azure Blob Storage for immutable backups and cost-optimized tiering across hot, cool, and classes. The solution employs policy-driven automation to capture consistent snapshots and supports granular recovery, including item-level restores for applications. It also enables air-gapped storage to isolate backups from production environments, enhancing against threats. Veeam Backup for Google Cloud offers agentless safeguards for virtual machines, persistent disks, Cloud SQL instances, and Spanner databases, with backups stored in for efficient management. It incorporates automated testing to validate recovery plans without disrupting operations and supports native snapshot-based protection for rapid restores. This enables organizations to maintain compliance and resilience in Google Cloud deployments. In hybrid environments, Veeam facilitates seamless data mobility through integrations like AWS Direct Connect for low-latency on-premises to migrations, allowing workloads to be across boundaries without performance bottlenecks. Additionally, Kasten by Veeam provides Kubernetes-native capabilities, protecting containerized applications in hybrid setups with policy-based and integration into broader Veeam workflows. These features support unified management of on-premises and resources, enabling automated replication and . Key cloud-specific features include cloud-native immutability enforced via Object Lock, which prevents backup alterations for defined retention periods to counter cyber threats. Veeam incorporates zero-trust recovery workflows, requiring and role-based access for restores, alongside API-driven automation that integrates with DevOps tools like Terraform for infrastructure-as-code deployments. These elements ensure secure, programmable data protection in dynamic architectures. Veeam's adaptation to cloud markets includes the launch of Veeam Data Cloud in 2024, a subscription-based SaaS platform offering managed vaulting for and data with built-in immutability and recovery. In April 2025, expansions included Veeam Data Cloud for and for . Further, in October 2025, Veeam launched Veeam Data Cloud for MSPs, a multi-tenant SaaS platform to simplify , Entra ID, and vault protection for service providers. This service simplifies multi-tenant operations for service providers, providing scalable storage and backup without on-premises infrastructure. It reflects Veeam's shift toward consumption-based models to meet growing demand for hybrid and cloud-native resilience. Veeam's cloud data security and protection solutions, particularly Veeam Data Cloud (including for Microsoft 365), received strong positive reviews in 2025 and 2026. They are praised for secure, scalable, and compliant backup with strong ransomware protection and reliability across cloud environments. Veeam achieved a rating of 4.6 out of 5 on Gartner Peer Insights based on 1,921 reviews for backup and data protection solutions, including cloud offerings. Veeam Data Cloud for Microsoft 365 has a rating of 8.6 out of 10 on TrustRadius based on 518 reviews. Veeam was positioned as a Leader in the 2025 Gartner Magic Quadrant for Backup and Data Protection Platforms for the ninth consecutive year and highest in Ability to Execute for the sixth consecutive year.

Business Development

Acquisitions

Veeam has pursued a of acquisitions to broaden its data protection capabilities beyond core backup, incorporating cloud-native technologies, response expertise, and AI-driven security features. The company's first notable acquisition occurred in 2008 when it purchased nWorks, a developer of management connectors for integrating environments with enterprise systems like . This move enabled Veeam to extend its monitoring and reporting tools to bridge physical and virtual infrastructures, enhancing unified management for early adopters of . In January 2018, Veeam acquired N2WS, a provider of cloud-native backup and disaster recovery solutions specifically for (AWS), in an all-cash deal valued at $42.5 million. The acquisition aimed to deepen Veeam's integration with AWS APIs, allowing for more granular protection of workloads and addressing the growing demand for native IaaS . Although Veeam later divested N2WS in 2019 due to U.S. compliance concerns related to federal customers, the deal initially bolstered its portfolio and informed subsequent hybrid strategies. Veeam expanded into containerized environments with its October 2020 acquisition of Kasten, a backup and disaster recovery specialist, for $150 million. This purchase accelerated Veeam's support for modern application development, enabling policy-based protection of container workloads across on-premises, multi-cloud, and hybrid setups, which was critical for teams scaling architectures. The integration of Kasten's technology into Veeam's platform strengthened its position in protecting dynamic, cloud-native applications. In 2024, Veeam made two significant purchases to address evolving threats and service models. First, in April, it acquired Coveware, a cybersecurity firm specializing in incident response and , for an undisclosed amount. Coveware's expertise in forensics, recovery , and direct with actors complemented Veeam's solutions, creating a more comprehensive recovery ecosystem that includes proactive preparedness and post-incident support. Later, in , Veeam acquired Alcion, an AI-driven startup focused on data protection and security, also for an undisclosed sum. This deal brought advanced AI capabilities for and automated recovery in SaaS environments, while appointing Alcion's co-founder Niraj Tolia as Veeam's CTO to drive innovation in data resilience as a service. The most transformative acquisition to date came in October 2025, when Veeam agreed to buy Securiti AI, a leader in posture management (DSPM) and AI governance, for $1.725 billion in cash and stock. This deal unifies Veeam's resilience offerings with Securiti's Data Command Center, providing visibility, privacy controls, and secure AI data pipelines across multicloud and on-premises environments. It positions Veeam to capitalize on AI adoption by ensuring is protected and compliant for generative AI use cases, marking a shift toward integrated and resilience platforms.
YearAcquired CompanyAmountKey Focus
2008nWorksUndisclosedVMware integration with enterprise management tools
2018N2WS$42.5 millionAWS-native and recovery
2020Kasten$150 million workload protection
2024CovewareUndisclosed incident response
2024AlcionUndisclosedAI-driven protection
2025Securiti AI$1.725 billionDSPM and AI
These acquisitions have collectively expanded Veeam's portfolio from virtualization-centric tools to a full-spectrum data resilience solution, incorporating over 200 specialists in cloud, security, and AI technologies while enhancing integrations for hybrid and cloud offerings.

Partnerships and Ecosystem

Veeam maintains extensive technology partnerships with leading hardware and storage vendors to optimize data protection solutions. Through deep integrations with , Veeam leverages PowerProtect for accelerated backups via DD Boost protocol, enabling source-side deduplication and in-flight encryption for enhanced efficiency. Similarly, Veeam's alliance with (HPE) focuses on hardware-optimized storage, with native snapshot integration for faster recovery in HPE environments. Partnerships with provide seamless and recovery capabilities, including direct integration with for simplified and value extraction from business . For security, Veeam supports compatibility with in endpoint detection and response scenarios, allowing protection of vSphere VMs during processes. In the cloud domain, Veeam holds advanced partner status with major providers to facilitate hybrid and multi- data resilience. As an AWS Partner Network member, Veeam delivers integrated solutions for AWS workloads, including secure storage and restoration in environments like Amazon S3. Veeam has maintained Microsoft Gold Certified Partner status for over a decade, with co-selling agreements that extend to joint development of AI-enhanced data protection for Azure and , enabling streamlined recovery and threat detection. Veeam's channel ecosystem emphasizes a robust network of resellers and integrators to broaden market access. The ProPartner Network comprises over 35,000 global technology partners, resellers, and service providers, offering tiered benefits like deal registration and marketing funds to drive profitability and customer success. Complementing this, the Veeam Vanguard Program selects top community influencers for collaboration, feedback, and brand advocacy, fostering innovation through exclusive access to betas and events. The service provider focus centers on the Cloud Connect program, which enables multi-tenant, secure off-site backups and disaster recovery as a service (DRaaS) through replicated environments. This program integrates with providers like for VMware Solutions, supporting backup and recovery of virtual workloads, and for advanced security and simplified management on dedicated infrastructure. OEM collaborations embed Veeam technology into hardware ecosystems for turnkey data protection. With , Veeam offers OEM subscriptions bundled with ThinkSystem servers, providing reliable and recovery directly within Lenovo's hybrid infrastructure. For , Veeam integrates natively with HyperFlex hyperconverged systems via direct snapshot technology, delivering efficient VM backups and replication without traditional snapshots. In 2025, Veeam expanded its ecosystem with deepened strategic ties, including enhanced integration with HPE for AI-accelerated data resiliency in modern applications and co-selling of Veeam Data Cloud for to bolster AI-driven recovery orchestration.

Corporate Profile

Leadership and Governance

Veeam Software, as a , is led by Anand Eswaran, who assumed the role in 2021 following Bill Largent's tenure as CEO from 2016 to 2021. Eswaran, previously President of Products and Solutions at , has driven Veeam's expansion in data resilience, emphasizing subscription-based models and integration with AI-driven security features. The company was co-founded in 2006 by and Andrei Baronov, who played pivotal roles in establishing its initial product vision focused on solutions. Timashev served as CEO until 2016, after which Bill Largent took over. Baronov served as co-CEO from 2017 to 2019; both transitioned from operational roles after ' 2020 acquisition, though they remain influential as former board members and advisors. Key executives include Matthew Bishop, responsible for global operations; Dustin Driggs, overseeing financial strategy since 2023; Niraj Tolia, leading product innovation following the 2024 acquisition of Alcion; and Chief People Officer Lucy Hur, managing talent and culture. Additional senior leaders encompass John Jester, Rick Jackson, and Gil Vega. Veeam's board of directors comprises Eswaran as CEO and representatives from major investors, including Michael Triplett from and Arun Agarwal from TPG, as well as , Ryan Hinkle, Philine Huizing from , and Richard Bhamb from , reflecting the company's structure post its 2020 acquisition by Insight and the 2024 $2 billion secondary investment led by TPG at a $15 billion valuation. The board emphasizes environmental, social, and governance (ESG) practices, as outlined in Veeam's inaugural ESG report released in April 2025, which highlights commitments to , diversity, and ethical operations. Governance is shaped by private equity oversight from and TPG, ensuring strategic alignment through regular board involvement and financial reporting. Veeam maintains commitment to information security via alignment with ISO 27001 standards for its management systems as of 2025 and conducts internal compliance measures to support . Diversity efforts include programs like Women in Green and EmpowHerVMCE, aimed at increasing female representation in technical roles and leadership through targeted training and mentorship. Succession planning supports global expansion by identifying internal talent for key positions amid ongoing growth.

Global Operations and Culture

Veeam Software, headquartered in , , maintains a global operational presence with offices in more than 30 countries. The company previously established its global headquarters in , in 2013, before relocating primary operations to the in 2020 to support expanded growth. Key regional hubs include , for Americas operations; Paris, , for EMEA; and Singapore for APAC, alongside major R&D facilities in , . As of 2025, Veeam employs approximately 6,300 people worldwide and serves over 550,000 customers across more than 160 countries. The company's operational model emphasizes hybrid work arrangements, typically involving three days in and two remote days, enabling distributed teams to collaborate across time zones. This approach, adopted post-2020, supports agile development practices in its engineering and product teams, particularly in R&D centers like . Veeam's internal culture prioritizes a customer-first , fostering and resilience through employee-driven initiatives and collaborative environments. The annual VeeamON , held as a hybrid event in locations like , serves as a key platform for community building, featuring keynotes, sessions, and networking for IT professionals and partners. Employee satisfaction reflects this focus, with an overall rating of 3.7 out of 5 based on over 1,500 reviews. Veeam integrates sustainability into its operations via its ESG framework, aiming to reduce Scope 1 and 2 while enhancing energy efficiency in offices and data practices. The company operates eight LEED-certified offices and recycles , such as 1,203 laptops in recent years, with plans to assess and mitigate Scope 3 emissions by 2026 in collaboration with suppliers. Philanthropic efforts include monetary donations totaling $250,000 in 2023–2024 to organizations like Women Who Code, Community Food Bank, and World Vision, supporting global causes in , hunger relief, and . These initiatives underscore Veeam's commitment to social impact alongside business operations.

References

  1. https://www.veeam.com/company/about.html
  2. https://www.linkedin.com/company/veeam-software
  3. https://www.veeam.com/company/press-release/veeam-the-worlds-1-leader-in-data-resilience-welcomes-new-investors-with-a-dollar15-billion-valuation.html
  4. https://www.veeam.com/
  5. https://www.veeam.com/products/veeam-data-platform/enterprise-packaging-pricing-options.html
  6. https://www.veeam.com/products/free/backup-recovery.html
  7. https://www.veeam.com/products/buy/universal-license.html
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  9. https://www.veeam.com/company/press-release/veeam-to-acquire-securiti-ai.html
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