Insight Partners Says It Will Buy Cloud Company Veeam In $5 Billion Deal, Move Headquarters To U.S.

Private equity firm Insight Partners said Thursday it will acquire data management company Veeam in a deal valued at $5 billion that will move the Swiss software maker’s headquarters to the United States and install a new executive team as it pivots into a new market.

“It’s rare to find a company of this size that still has a huge amount of room in terms of growth potential,” said Mike Triplett, a managing director at Insight Partners who sits on the Veeam board. The New York-based venture capital and private equity firm led Veeam’s $500 million funding round last January. It declined to disclose further financial details about Thursday’s transaction. Triplett will be joined on the board by two other directors from Insight Partners, as well as Nick Ayers, the former chief of staff to Vice President Mike Pence…

Read Full Source


David Gevorkian

Website Accessibility: Compliancy, Laws and Best Practices

Key to Making Your Website Accessible The internet has changed the education sector in so many ways. With e-learning, more people around the globe are ...
Louis Columbus

10 Cybersecurity Companies To Watch In 2020

10 Cybersecurity Companies To Watch Worldwide spending on information security and risk management systems will reach $131B in 2020, increasing to $174B in 2022 approximately ...

Is It Safe? Growing with the Cloud

Oh no! Not again! Another massive data breach: 106 million individuals have their data stolen. This time it is from Capital One. All the data ...


Bbc Tech

Cyber-crime profits reached $3.5bn in 2019, says FBI

Criminals netted $3.5bn (£2.7bn) from cyber-crimes reported to the FBI alone in 2019, according to the service's internet crime complaint centre (IC3). It received 467,361 ...

Telecoms group Orange to also pull out from Mobile World Congress: source

PARIS (Reuters) - French telecoms group Orange has also decided to pull out of the Mobile World Congress telecoms event in Barcelona due to concerns ...

New York drops fight against T-Mobile-Sprint merger

NEW YORK (Reuters) - New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and ...