Veeam Cozies Up to AWS with Cloud Backup Buy
Veeam Software this week announced its plan to acquire N2WS, an Infrastructure-as-a-Service (IaaS) data protection provider with close ties to Amazon Web Services (AWS).
Valued at $42.5 million, the all-cash acquisition is the first for Veeam in nearly a decade, and comes on the heels of a banner year in 2017.
According to the announcement, N2WS provides a cloud-native backup solution specifically designed for AWS workloads, which "strengthens Veeam as a leading provider of Availability for any app, any data, across any cloud, and its ability to protect AWS deployments."
Gartner Inc. projects the IaaS market will reach $88 billion in 2022. As IaaS continues its fast-paced growth, enterprises are looking to the public cloud -- and AWS in particular -- to run more applications. In order to meet compliance and offer minimal down time, however, they're also looking for stronger data protection.
"IDC research shows that the majority of new application deployments will be hosted in the cloud and that cloud-related data protection is the fastest-growing segment of this market," said IDC Research Director Phil Goodwin in the press release. "The acquisition of N2WS positions Veeam squarely in the thick of this rapidly growing market segment. Moreover, with the integration with [the] Veeam Availability Platform, customers will have a single point from which to manage their on-premises and cloud data protection policies and activities when backed up by Veeam."
N2WS will maintain its brand name and continue to operate as an independent company, but the two solution providers will share each other's technology, as well as research and development. In addition, the acquisition will give N2WS access to Veeam's partners and alliances, while existing Veeam customers will see offers and incentives for the N2WS Cloud Protection Manager solution, which provides full support for the AWS Elastic Block Store, EC2, Relational Database Service, RedShift and Aurora offerings.
"Joining forces with one of the world's fastest-growing software companies is very exciting for the N2WS team and for our customers," said Jason Judge, CEO at N2WS. "We will further accelerate our rapid growth and the development of our top-rated solutions by leveraging the world-class team that Veeam has established. We also look forward to assisting Veeam customers explore their public cloud strategies with our years of innovation in public cloud storage."
Wendy Hernandez is group managing editor for the 1105 Enterprise Computing Group.