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  2. Insight Partners
    • According to 5 sources
    One year after investing $500 million in Veeam Software, venture capital and private equity firm Insight Partners acquired the backup vendor at a valuation of $5 billion. Insight and Veeam executives said the new ownership team will seek to increase Veeam's business in the United States.
    Veeam is being acquired by private equity firm Insight Partners in a $5-billion bet that Veeam can grow its U.S. market business to become the dominate data management and data protection technology provider it is in Europe.
    Jan 9 (Reuters) - U.S. private equity firm Insight Partners said on Thursday it was buying Swiss data management company Veeam Software, in a $5 billion bet on the fastest-growing player in the market for backing up critical information on remote servers.
    Veeam Software, the leader in Backup solutions that deliver Cloud Data Management, today announced that Insight Partners has completed its acquisition of the company, which was announced on January 9, 2020, at a valuation of approximately $5 billion
    COLUMBUS, Ohio-- (BUSINESS WIRE)-- Veeam ® Software, the leader in Backup solutions that deliver Cloud Data Management™, today announced that Insight Partners has completed its acquisition of the company, which was announced on January 9, 2020, at a valuation of approximately $5 billion.
     
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