M&A Deal Summary

Veeam Acquires Kasten

On October 5, 2020, Veeam acquired technology hardware company Kasten for 150M USD

Acquisition Highlights
  • This is Veeam’s 1st transaction in the Technology Hardware sector.
  • This is Veeam’s largest (disclosed) transaction.
  • This is Veeam’s 3rd transaction in the United States.
  • This is Veeam’s 1st transaction in California.

M&A Deal Summary
Date 2020-10-05
Target Kasten
Sector Technology Hardware
Buyer(s) Veeam
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Kasten

Los Altos, California, United States
Kasten, Inc. is a developer of Kubernetes Backup and Disaster Recover software. Kasten is based in Los Altos, California.

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Buyer(S) 1

Buyer

Veeam

Columbus, Ohio, Switzerland
Category Company
Founded 2006
Sector Software
DESCRIPTION

Veeam is a provider of software products which delivers high-speed recovery, data loss avoidance, verified recoverability, leveraged data and complete visibility. Veeam Availability Suite™, which includes Veeam Backup & Replication™, leverages virtualization, storage, and cloud technologies that enable the modern data center to help organizations save time, mitigate risks, and dramatically reduce capital and operational costs. Veeam was founded in 2006 and is based in Columbus, Ohio.

DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 N2W Software

West Palm Beach, Florida, United States

N2W Software, Inc. is a provider of an enterprise-class data protection for production environments deployed in the public cloud. N2W Software was founded in 2012 and is based in West Palm Beach, Florida.

Buy $43M
Mergr

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