The acquisition will strengthen Veeam's position as a leading data protection provider for AWS
Veeam Software on Tuesday acquired N2WS in an all-cash deal worth USD 42.5 million.
The acquisition will strengthen Veeam's position as a leading data protection provider for AWS, adding depth to its portfolio of solutions that deliver availability for any app, any data, across any cloud.
N2WS will be able to access Veeam's ecosystem of alliances and partners, while Veeam will have access to N2WS technology and research and development (R&D) to integrate Infrastructure as a Service (IaaS) data protection for AWS workloads into the Veeam Availability Platform.
"By combining Veeam's industry-leading capabilities in protecting virtual, physical and cloud environments with N2WS' leadership in AWS data protection, we have a strong solution to deliver on the needs of the digital enterprise," Peter McKay, Co-CEO and President at Veeam, said in a statement.
N2WS grew its revenues by 102% in 2017.
"With the integration with Veeam Availability Platform, customers will have a single point from which to manage their on-premises and cloud data protection policies and activities when backed up by Veeam," said Phil Goodwin, Research Director at IDC.
"We look forward to assisting Veeam customers explore their public cloud strategies with our years of innovation in public cloud storage," added Jason Judge, CEO at N2WS.
Founded in 2006, Veeam has over 53,000 ProPartners and over 282,000 customers. Headquartered in Baar, Switzerland, Veeam has offices in more than 30 countries including in India.