Backup, disaster recovery, and virtualisation management firm Veeam has announced the acquisition of N2WS, a Florida-based enterprise backup and disaster recovery firm focused on Amazon Web Services (AWS) workloads.
The all-cash deal, valued at $42.5 million, is expected to strengthen Veeam's disaster recovery offering, combining Veeam's existing capabilities in protecting virtual, physical, and cloud environments with N2WS' AWS-specific data protection.
Under the terms of the acquisition, N2WS will continue to operate as an independent company with its main offices in the United States, Israel, and the United Kingdom.
N2WS, which grew its revenue by 102 percent in 2017, will also keep its name and become "a Veeam Company", with current CEO Jason Judge expected to continue to lead N2WS as its chief.
Veeam said all teams -- including sales, marketing, research and development (R&D), and customer service -- will also stay intact to continue growing the business.
"As enterprises look to migrate more workloads to the public cloud, having a robust and intuitive data protection and availability solution is imperative," Veeam co-CEO and president Peter McKay said in a statement.
With the acquisition, Veeam will have access to N2WS technology and R&D to integrate data protection for AWS workloads into the Veeam Availability Platform. Similarly, N2WS will have access to Veeam's R&D and the company's virtual environment data protection capabilities.
PREVIOUS AND RELATED COVERAGE
Australia picking up pace with digital transformation: Veeam
The co-CEO of Switzerland-based Veeam Software has told organisations if they're not paranoid their business is going to be disrupted, they will soon find themselves in trouble.
How William Hill keeps bettors online and powers up ecommerce with software-defined infrastructure
To stay in front of the competition, an organisation needs to innovate. For betting agency William Hill, this meant implementing a software-defined data center (SDDC).
XaaS: Why 'everything' is now a service
The three traditional pillars of cloud computing -- SaaS, PaaS and IaaS -- now support such a range of services that IT, and business, is entering the 'Everything as a Service' or XaaS era.
Cover your SaaS: 3 tips for preventing data loss in cloud software (TechRepublic)
At the 2017 re:Invent conference, NetApp's Spencer Sells explained some of the key ways that organizations can protect their SaaS data.
Top 5: Tech tips for disaster preparedness (TechRepublic)
If recent natural disasters have you thinking about emergency readiness, use these five tips as part of your strategy.