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Veeam CEO Ratmir Timashev On Selling N2WS And Pushing AWS, Azure Backup Leadership

‘We believe three markets are going to be huge: Office 365, AWS backup, and backup of Azure. All native cloud native backups. Each of these markets will become, for us, maybe half-a-billion-dollar opportunities in the next five years,” says Veeam CEO Ratmir Timashev.

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If you were already developing your own offering, then why were you looking at the N2WS?

When we invested in N2WS and then when we acquired it, we were not developing our own. We developed it relatively quickly. We developed our own solution in the last six months. When we made the decision that we were going to spin off N2WS back to the original founders, we started the development. And in the last six months, we developed our own solution because we already learned so much in the last three years in terms of what cloud-native backup is, what object storage is, what blob storage is, what EC3 storage is. We already knew so much about cloud, it didn't take us long to develop our own solutions.

Does Veeam still have an equity stake in N2WS?


So what was what was the U.S. government concerned about? Is it the fact that Veeam has an operations and Russia?

We don't comment on that.

The only thing I want to mention is that the decision to sell N2WS back to the original founders was our own voluntarily decision. We were not forced to do it.

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