Veeam CTO On Why Veeam Wanted To Be Acquired And What Comes Next
Joseph F. Kovar
Veeam's next growth wave will come in the U.S. where it has a fourth-place market share, and that requires Veeam to move its operations, leadership, board of directors, and focus out of Europe and to the U.S., Danny Allan told CRN in an exclusive meeting.
Looking For Growth In All The Right Places
Veeam, since its founding in 2006, has grown to be one of the top providers of data protection technology, and has more recently invested heavily in the nascent data management market with an eye on the cloud, particularly in the Office 365, Amazon Web Services, and Microsoft Azure environments. The company is also committed to building stronger relationships with the top cloud providers.
However, Veeam has faced one key barrier to growth: While it is the leading provider in Europe, and is arguably one of the largest software vendors of any kind in the world, the Baar, Switzerland-based company has only a fourth-place rank in the all-important U.S. market.
Danny Allan, Veeam's new chief technology officer, told CRN that Veeam's pending acquisition by New York-based private equity company Insight Partners is the key to unlocking the U.S. market and future growth for his company. Insight Partners has expertise not only in helping strong private companies grow, it also has experience in the all-important software-as-a-service technology needed to build a strong cloud-focused business.
For deep insight into why Veeam, a billion-dollar-plus and profitable company, decided to go the private equity route to build a U.S. business, turn the page.