In a move shaking up the data management and AI sectors, Veeam Software has inked an agreement to acquire Securiti AI — a data privacy management innovator — in a transaction valued at roughly $1.7 billion, according to Schroders Capital Global Innovation Trust PLC, a minority investor in Securiti since 2019.
The trust, listed on London’s Alternative Investment Market (AIM), confirmed that the sale will yield “meaningful proceeds” for shareholders and accelerate its managed wind-down process.
A Strategic Win for All Sides
Willkie Farr & Gallagher LLP is advising Veeam in the deal, while counsel for Schroders was not immediately disclosed. Schroders Capital said it has witnessed an earlier-than-expected value realization, with portfolio managers Tim Creed and Harry Raikes noting the deal’s significance for shareholders.
“This is a significant value realization that has occurred earlier than we had anticipated and is expected to generate meaningful proceeds for shareholders,” the duo said in a statement.
