Veeam Software has acquired N2WS, a 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 leader in IaaS data protection, providing a cloud-native backup solution specifically designed for AWS workloads, enabling organisations to back up data and applications as often as needed and recover them in seconds. N2WS grew revenues by 102% in 2017.
The acquisition strengthens Veeam as a leading provider of availability for any app, any data, across any cloud, and its ability to protect AWS deployments. N2WS will operate as a standalone company, keeping its brand name and becoming “A Veeam Company”.
With the IaaS market projected to reach $88B in 2022 making it the fastest growing cloud segment, and with AWS’ standing as the leading IaaS vendor with 44,2% of the market today, the combination of Veeam and N2WS well-positioned for growth. This opportunity is further underscored by the fact that enterprises are looking to run more of their applications in the public cloud — and in AWS in particular — and are demanding stronger data protection solutions to minimise downtime and meet compliance requirements.
“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,” says Phil Goodwin, research director at IDC.
“The acquisition of N2WS positions Veeam squarely in the thick of this rapidly growing market segment. Moreover, with the integration with 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.”
With Veeam’s continued penetration into the enterprise, and N2WS’ data protection for AWS public cloud workloads, this combination will deliver solutions that enable businesses of all sizes to run more workloads in the public cloud and realize the associated cost savings and other benefits. To that end, with this acquisition:
* Veeam will have access to N2WS technology and research & development to integrate data protection for AWS workloads into the Veeam Availability Platform;
* N2WS will have access to Veeam’s R&D as well along with its vast experience delivering data protection for virtual and now physical environments;
* N2WS will also have access to Veeam’s vast ecosystem of alliances and partners, including nearly 55 000 resellers and 18 000 Veeam Cloud Service Providers;
* Existing Veeam customers will benefit from a soon-to-be-launched package of special offers and incentives for Cloud Protection Manager (CPM) from N2WS.
“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 of 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.”