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Insight Partners To Buy Veeam Software for $5B

Insight Partners will acquire Swiss data management company Veeam Software for about $5 billion, the investment firm announced Thursday.

With the acquisition, which is expected to close during the first quarter of this year, Switzerland-based Veeam will become an American company with a U.S.-based leadership team, Insight said in a statement.

Veeam currently has more than $1 billion in annual sales and more than 365,000 customers, according to the statement.

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