Veeam Software, a Seattle, WA-based global leader in Data Resilience, announced an expansion of its shareholder base in a $2 billion secondary offering, valuing the company at $15 billion.
This transaction was led by TPG (NASDAQ: TPG) with participation from Temasek, Neuberger Berman Capital Solutions, and other key investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Anand Eswaran, Veeam specializes in safeguarding the digital world by empowering data resilience for over 550,000 organizations, spanning governments, large enterprises, and small businesses worldwide. It does this through delivering capabilities from data backup to data recovery, data portability, data security, and data intelligence, ensuring data is always available.
The Veeam Data Platform (VDP) delivers data security, rapid recovery and hybrid cloud protection, including advanced ransomware defenses that help businesses mitigate risks and recover rapidly.
Veeam also launched the Veeam Data Cloud (VDC) earlier this year, offering a Backup-as-a-Service (BaaS) platform that combines data protection with user experience in the cloud.
The company has offices in more than 30 countries.
FinSMEs
05/12/2024