Veeam to be acquired for massive US$5 billion

Leading software investor Insight Partners has entered into a definitive agreement to acquire Veeam Software, the backup and cloud data management solutions vendor, for approximately US$5 billion. Under the ownership of Insight Partners, Veeam will become a U.S. company, with a U.S.-based leadership team, while continuing its global expansion from offices in 30 countries and with customers in over 160 countries.
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