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Insight Partners acquires data management company Veeam for $5B

Last year Insight Partners invested $500 million in cloud data management company Veeam.

Veeam helps customers with cloud data backup and disaster recovery.

In addition, the company will be moving its headquarters to the U.S. Veeam currently has around 1200 employees in the U.S., but expects to expand that in the coming year.

“While Veeam’s preeminence in the data management space, currently supporting 81% of the Fortune 500, is undeniable, this commitment from Insight Partners and deeper access to its unmatched business strategy [from its scale-up] division, Insight Onsite, will bring Veeam’s solutions to more businesses across the globe.”

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