January 16, 2018

Veeam acquires cloud IaaS provider N2WS for USD 42.5M

Veeam aims to reduce the risk for AWS workloads with cloud-native data protection and strengthen its cloud and backup recovery portfolio.

Data recovery and virtualization company Veeam have acquired AWS disaster recovery firm N2WS for USD 42.5 million. According to the acquisition deal, Veeam will provide N2WS with their vast ecosystem and alliance partners in exchange for N2WS’ research and development (R&D) to integrate IaaS data protection into the Veeam Availability Platform.

Veeam say that this acquisition not only provides them with the research and development but also strengthens their offerings for AWS workloads. They further added that with this acquisition, they will be able to deliver solutions to any application across the cloud.

Excited about this acquisition, Peter McKay, Co-CEO and President at Veeam, commented:

As enterprises look to migrate more workloads to the public cloud, having a robust and intuitive data protection and availability solution is imperative. By combining Veeam’s industry-leading capabilities in protecting virtual, physical and cloud environments with N2WS’ leadership in AWS data protection, we have a strong solution to deliver on the needs of the digital enterprise.

N2WS say that they are excited about the 50,000 odd resellers and 18,000 cloud providers that they will get access to through this acquisition. They also added that existing Veeam customers will benefit from a soon to be launched package offer for cloud protection which will be provided by N2WS.

Pleased with the acquisition, Jason Judge, CEO at N2WS commented:

Joining forces with one of the world’s fastest-growing software companies is very exciting for the N2WS team and for our customers. We will further accelerate our rapid growth and the development of our top-rated solutions by leveraging the world-class team that Veeam has established. We also look forward to assisting Veeam customers to explore their public cloud strategies with our years of innovation in public cloud storage.

Industry watchers say that cloud-related data protection is a hot cake in the market and Veeam is certainly poised to make the most of it with this move. It will be interesting to witness how Veeam’s competitors react to this in a bid to gain a higher chunk of the market.

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