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Veeam Welcomes New Investors with $15 Billion Valuation and Expands Shareholder Base

Dec 05, 2024•over 1 year ago

Contract Type

partnership

SeattleInformation TechnologySoftware

Description

Veeam, the world’s #1 leader in data resilience, has announced an expansion of its shareholder base with a $2 billion secondary offering, valuing the company at $15 billion. The transaction, led by TPG and other key investors, reinforces Veeam’s position as a global leader in the rapidly growing data resilience market.

Company Information

Company

Veeam

Location

Seattle, Washington, United States

About

Veeam® the #1 global provider of Data Protection and Ransomware Recovery provides organizations with resiliency through data security, data recovery and data freedom for their hybrid cloud. The Veeam Data Platform delivers a single solution for Cloud, Virtual, Physical, SaaS and Kubernetes environments that give businesses peace of mind their apps and data are protected and always available so that they can keep their businesses running. Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam protects over 450,000 customers worldwide, including 82% of the Fortune 500 and 72% of the Global 2,000. Veeam’s global ecosystem includes 35,000+ technology partners, resellers, service providers, and alliance partners.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

Contract momentum indicator

Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months