Veeam has struck a takeover deal to boost its cloud-centred enterprise availability for AWS workloads. Veeam shook hands on a $42.5m all-cash buyout of N2WS, an Iaas data protection firm specialising in disaster recovery solutions with Amazon cloud.
As part of the deal, N2WS will continue to exist as a standalone organisation with its main offices in Edinburgh, UK as well as premises in Florida, US and Haifa, Israel. Jason Judge will stay as CEO of the business and all teams are to stay intact. Cloud-native enterprise backup specialists at N2WS are poised to strengthen Veeam’s ability to protect AWS deployments for business.
Iaas is the fastest-growing cloud segment, with the market set to hit $88bn by 2022. Big hitter AWS leads the sector, standing astride 44.2% of the market, according to the latest figures from Gartner. Companies across the board are demanding improved data protection guarantees to reduce costly downtime.
“As enterprises look to migrate more workloads to the public cloud, having a robust and intuitive data protection and Availability solution is imperative,” said Peter McKay, Co-CEO and President at Veeam.