Veeam Software, a Switzerland-based backup, and recovery company struck a deal to acquire AWS cloud-native backup provider N2WS. The $42.5 million all-cash transaction results in what the two businesses are positioning as a mutually-beneficial agreement between the two companies.
With this deal, Veeam adds N2WS’ data protection solutions, R&D, and other resources to its portfolio. Veeam will also add N2WS’ data protection for AWS workloads into its Veeam Availability Platform.
Veeam’s customers will be offered discounts and packages featuring N2WS’ Cloud Protection Manager (CPM).
N2WS specializes in IaaS data protection, providing native backup solutions catering to AWS workloads. The addition of N2WS’s resources to Veeam’s existing solutions strengthens its ability to provide customers that utilize AWS as part of their cloud strategy with optimized data protection.
“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. “By combining Veeam’s industry-leading capabilities in protecting virtual, physical and cloud environments with N2WS’ leadership in AWS data protection, we have a strong solution to deliver on the needs of the digital enterprise”
N2WS to Remain an Independent Entity
As part of the agreement, N2WS will continue to operate as an independent, standalone business entity once the deal is finalized. According to a press release by Veeam, the N2WS team will have access to Veeam’s ecosystem of alliances and partners, including ~55,000 resellers and 18,000 Veeam Cloud Service Providers.
N2WS will continue operating from its current offices located in West Palm Beach, FL, USA, Haifa, Israel, and Edinburgh, UK. Veeam stated that N2WS grew in revenue by 102% in 2017.
“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 to explore their public cloud strategies with our years of innovation in public cloud storage.”