Veeam Software has acquired N2WS, provider of cloud-native enterprise backup and disaster recovery for Amazon Web Services (AWS), in an all-cash deal worth $42.5 million. N2WS is a provider of IaaS data protection technology, providing a cloud-native backup solution specifically designed for AWS workloads that enables organizations to back up data and applications as often as needed and recover them rapidly.
Veeam says it expects the acquisition strengthens its position as a provider of availability for applications and data and strengthens its ability to protect AWS deployments.
By combining Veeam’s capabilities for protecting virtual, physical and cloud environments with N2WS’ capabilities for AWS data protection, Veeam will have a strong solution to deliver on the needs of the digital enterprise, said Peter McKay, Co-CEO and president at Veeam. Under the terms of the acquisition, N2WS will continue to operate as an independent company with its main offices in West Palm Beach, Florida, USA, Haifa, Israel and Edinburgh, UK, and Jason Judge will continue to lead N2WS as its CEO.
According to Veeam, this acquisition is well-timed because the IaaS market is projected to reach $88 billion in 2022, it is the fastest growing cloud segment, and AWS has a leading position in the market. The growth opportunity in the IaaS market is further underscored, it says, by the fact that enterprises are looking to run more of their applications in the public cloud and in AWS in particular and so require data protection solutions to minimize downtime and meet compliance requirements.
With this acquisition, Veeam will have access to N2WS technology and research and development to integrate data protection for AWS workloads into the Veeam Availability Platform; and N2WS will have access to Veeam’s R&D as well along with its experience delivering data protection for virtual and now physical environments. N2WS will also have access to Veeam’s alliances and partners, including nearly 55,000 resellers and 18,000 Veeam Cloud Service Providers.
For more information, go to www.veeam.com.