Tue, Aug 21 2018, 11:01 pm

Veeam acquires AWS back-up firm, N2WS, at $42.5 million

By Digital Edge Bureau, 16.01.2018, 18:54
 
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Peter McKay, Co-CEO & President, Veeam.

Veeam Software, the data availability and protection firm, has acquired N2WS—a firm which specializes cloud-native Enterprise backup and disaster recovery for AWS (Amazon Web Services) workloads—in an all cash deal to the tune of $42.5 million. The acquisition strengthens Veeam as a top rung provider of availability for any app, any data, across any cloud, and its ability to protect AWS deployments.

“By combining Veeam’s industry-leading capabilities in protecting virtual, physical and cloud environments with N2WS’ leadership in AWS data protection, we’ve a strong solution to deliver on the needs of the digital enterprise. Together, we will achieve great things. This is a game-changer in every sense”, said Peter McKay, Co-CEO & President, Veeam.

Jason Judge, CEO, N2WS, said, “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 explore their public cloud strategies with our years of innovation in public cloud storage”, added Judge.

With the IaaS market projected to reach $88B in 2022 making it the fastest growing cloud segment, and with AWS’ standing as the leading IaaS vendor with 44.2 percent of the market today, this acquisition is well-timed and sees the combination of Veeam and N2WS well-positioned for explosive growth.

“The acquisition of N2WS positions Veeam squarely in the thick of this rapidly growing market segment. Moreover, with the integration with Veeam Availability Platform, customers will have a single point from which to manage their on-premises and cloud data protection policies and activities when backed up by Veeam”, Phil Goodwin, Research Director at IDC.

Under the terms of the acquisition, N2WS will continue to operate as an independent company with its main offices in West Palm Beach, Florida, USA, Haifa, Israel and Edinburgh, UK.  Jason Judge will continue to lead N2WS as its Chief Executive Officer (CEO) and all teams including sales, marketing, R&D and customer service will stay intact to continue growing the business.

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