Veeam Software, a Baar, Switzerland-based provider of backup, replication and virtualization management solutions for VMware vSphere and Microsoft Hyper-V, received a minority investment from Insight Venture Partners.
The amount of the transaction was not disclosed. As part of the agreement, Insight Managing Director, Michael Triplett, will join Veeam’s Board of Directors.
The company intends to use the proceeds for new growth opportunities in the next years.
Founded in 2006 and led by CEO Ratmir Timashev, and newly appointed CMO Peter Ruchatz, who joined from Salesforce.com, Veeam provides solutions that are Built for virtualization and the cloud. These include:
– Veeam Backup & Replication™, which delivers VMware backup, Hyper-V backup, recovery and replication.
– Veeam Backup Management Suite™, which combines Veeam Backup & Replication and Veeam ONE™ into an integrated solution to protect virtualization investments and mitigate daily management risks.
– Veeam Management Pack™, which extends enterprise monitoring to VMware through Microsoft System Center.
The company, which also provides free tools for the virtualization community, has over 19,000 partners and 73,000 customers worldwide.
It has North American headquarters in Columbus, Ohio USA; EMEA headquarters in Paris, France; and APAC headquarters in Sydney, NSW Australia.