Veeam Software is the world’s largest data protection company by market share, serving over 550,000 customers globally, including 74% of the Global 2000. Originally founded in 2006 and now headquartered in Columbus, Ohio since 2020, Veeam built its reputation on VMware backup and has since expanded into a comprehensive data protection and cyber resilience platform spanning physical, virtual, cloud, SaaS, and Kubernetes environments. Veeam was acquired by Insight Partners for $5 billion in 2020, making it one of the largest PE transactions in the data protection space.
Veeam Data Platform
Backup and Recovery
Veeam’s core backup engine provides image-level, file-level, and application-aware backup for VMware, Hyper-V, Nutanix AHV, physical servers (Windows, Linux), NAS, and workstations. The platform supports instant recovery, allowing VMs to boot directly from backup storage with near-zero RTO, along with granular application-item recovery for Exchange, SQL Server, Active Directory, SharePoint, Oracle, and SAP HANA. Veeam’s Changed Block Tracking and forever-incremental architecture ensure efficient backup windows even for large-scale environments.
Disaster Recovery and Orchestration
Veeam Disaster Recovery Orchestrator automates DR planning, testing, and execution with one-click failover and failback across sites and clouds. Automated DR testing with documented verification runs on a scheduled basis, ensuring recovery SLAs are met and compliance requirements are satisfied without manual intervention. Organizations can produce audit-ready DR compliance reports automatically.
Ransomware Recovery and Cyber Resilience
Veeam provides multiple layers of ransomware protection. Immutable backup storage through hardened Linux repositories and object lock on S3-compatible storage ensures backups cannot be tampered with. Inline malware detection scans backup data for threats during backup jobs using YARA rules and entropy analysis. Secure Restore automatically runs antivirus scans before restoring workloads. The Veeam Cyber Secure program includes pre-incident design and architecture reviews, dedicated Coveware incident response support (acquired 2024), and a ransomware recovery warranty of up to $5 million.
Cloud and SaaS Protection
Veeam Backup for Microsoft 365 is the market-leading SaaS backup product with over 21 million Microsoft 365 users protected, covering Exchange Online, SharePoint, OneDrive, and Teams data. The company also provides backup for AWS, Azure, and GCP workloads including EC2, RDS, Azure VMs, Azure SQL, and GCE instances. Cloud-native backup eliminates the need to route cloud data through on-premises infrastructure.
Kubernetes Protection
Kasten K10, acquired by Veeam in 2020, provides Kubernetes-native backup, disaster recovery, and application mobility for containerized workloads across any Kubernetes distribution including EKS, AKS, GKE, OpenShift, and Rancher. Kasten is recognized as the leading Kubernetes data protection solution and operates independently within the Veeam portfolio.
Monitoring and Analytics
Veeam ONE provides real-time monitoring, reporting, and capacity planning for backup infrastructure, proactively identifying issues before they impact data protection SLAs. Intelligent diagnostics automatically detect and remediate common backup failures.
Recovery Orchestrator
This capability automates the entire disaster recovery process with orchestrated recovery plans, automated testing, and dynamic documentation. Recovery plans can be tested non-disruptively on a scheduled cadence, producing compliance-ready reports that demonstrate recovery capabilities to auditors and regulators.
Object Storage and Archive Tiering
Veeam supports native object storage integration for long-term retention and archive tiering, enabling organizations to move older backup data to cost-effective storage tiers on AWS S3, Azure Blob, Google Cloud Storage, or S3-compatible on-premises object storage. Immutable object lock ensures archived data cannot be tampered with or deleted.
Coveware Incident Response
Veeam acquired Coveware in 2024, a leading ransomware incident response firm. Coveware’s expertise in ransomware negotiation, decryption, and recovery is integrated into the Veeam Cyber Secure program, providing customers with expert incident response support when ransomware strikes. Coveware’s threat intelligence from thousands of ransomware engagements also informs Veeam’s product development and threat detection capabilities.
Securiti AI Acquisition
Veeam announced the acquisition of Securiti AI for $1.725 billion, adding data security posture management (DSPM), data privacy automation, AI governance, consent management, and data access intelligence to its platform. The acquisition extends Veeam beyond backup into proactive data security and compliance, positioning the combined entity as a comprehensive data resilience and governance platform. Securiti’s Data Command Center provides visibility into sensitive data across cloud, SaaS, and on-premises environments.
Financial Performance
Veeam generates over $1.5 billion in annual recurring revenue (ARR) and serves 550,000+ customers globally, including 74% of the Global 2000. The company works with 35,000+ ProPartner organizations across 150+ countries and has delivered consistent double-digit revenue growth year-over-year under PE ownership.
Market Position
Veeam is a Leader in the Gartner Magic Quadrant for Enterprise Backup and Recovery and holds the largest market share in data protection by revenue. The company competes against Commvault, Dell (PowerProtect), Rubrik, Cohesity-Veritas, and Druva. Veeam’s competitive advantages include its massive installed base, broad workload coverage across physical-virtual-cloud-SaaS-Kubernetes, channel-first go-to-market model, and the Kasten K10 Kubernetes portfolio. The Securiti AI acquisition positions Veeam to compete in the emerging data security and governance market alongside Rubrik, BigID, and Cyera.
Leadership
Anand Eswaran serves as CEO, having previously been COO at RingCentral and EVP at Microsoft. Niraj Tolia is CTO and co-founder of Kasten. Jim Kruger serves as Chief Marketing Officer. John Jester is Chief Revenue Officer and Dustin Driggs is Chief Financial Officer.
Channel and Partner Ecosystem
Veeam operates a 100% channel-driven go-to-market model, with all sales processed through its network of 35,000+ ProPartner organizations across 150+ countries. The company maintains strategic technology alliances with Microsoft, AWS, Google Cloud, HPE, Lenovo, NetApp, and Pure Storage.
Veeam’s partner ecosystem includes managed service providers (MSPs) that deliver Backup-as-a-Service (BaaS) and Disaster-Recovery-as-a-Service (DRaaS) using Veeam technology, extending the company’s reach into the SMB and mid-market segments. Veeam also operates the VeeamON annual user conference, one of the largest data protection community events, and maintains an active online community of backup administrators and IT professionals.