“As businesses transform digitally, a data protection strategy that evolves with them, no matter where their data resides, is more critical than ever,” said Arun Agarwal, partner at TPG. “Veeam understands the trend toward migration to the cloud and is poised to gain share with their new cloud-first offerings.”
Insight Partners Retains Leadership Stake
Insight Partners, which remains Veeam’s largest shareholder, expressed optimism about the company’s continued trajectory.
“We are honored to have supported Veeam’s rise to global market leadership over the past four years,” said Mike Triplett, managing director at Insight. “We look forward to continued success together as Veeam embarks on the next wave of growth with its recently introduced cloud-first offerings.”
Market Leadership and Financial Momentum
Based in Seattle, Veeam Software provides cutting-edge cybersecurity solutions designed to protect corporate data systems against cyber threats. Its customer base exceeds 550,000 organizations worldwide. As of September, Veeam reported $1.7 billion in annualized recurring revenue, underscoring its position as a market leader.
