Private equity firm Insight Partners acquires cloud data management company Veeam in a deal worth $5 billion, one turning the Swiss startup into a US company complete with move to a US HQ.
The acquisition also brings a change in leadership, as Veeam co-founders CEO Andrei Baronov and Ratmir Timashev are leaving the company. Taking the reins is executive VP of operations William H. Largent, while VP of product strategy Danny Allan is promoted to CTO. As mentioned earlier Veeam is also moving headquarters to the US. The company currently employs 1200 employees in the US, but plans to expand further in the coming year.
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