Insight Partners to Acquire Veeam
Insight Partners has announced plans to acquire Veeam Software, a Swiss-based cloud data management vendor, in a deal estimated at approximately $5 billion.
Under the plan, Veeam will become a U.S. company, with a U.S.-based leadership team, while continuing its global expansion from offices in 30 countries and with customers in over 160 countries. As part of the acquisition, William H. Largent has been promoted to CEO and Danny Allan has been promoted to CTO.
“Veeam has enjoyed rapid global growth over the last decade and we see tremendous opportunity for future growth, particularly in the U.S. market,” said Largent. With the acquisition, we are excited that our current U.S. workforce of more than 1,200 will be expanded and strengthened to acquire and support more customers.”
Veeam delivers backup solutions designed to enable cloud data management, and has recently launched cloud-native solutions that will enable customers to manage, migrate, orchestrate and protect data across AWS and Microsoft Azure environments. The company reports more than $1 billion in annual sales and more than 365,000 customers worldwide.
The acquisition is expected to close during the first quarter of 2020.
The acquisition is intended to enable Veeam to expand into new markets and continue its growth trajectory.
Study: Nearly Two Thirds of Organizations Cite Hybrid or Private Cloud as the Future Infrastructure of Choice
Leaseweb USA, a Manassas, Virginia-based hosting and cloud services company, has released results of a survey that claims hybrid and private clouds are the wave of the future.
According to the company’s “Developer IaaS Insights Study,” 61% of respondents see hybrid cloud or private cloud as their future infrastructure choice, and 76% of developers prioritized scalability, speed, ease of use and cost as top factors when choosing their IaaS hosting solution.
“As companies evolve, their hosting needs and capabilities also evolve,” said Leaseweb USA CEO Lex Boost. “Understanding why companies choose to migrate to IaaS solutions provides insight to not only the marketplace, but what value vendors can bring to the businesses.”
The results are particularly significant when considering that less than 20% of respondents believe they are using the industry standard, are happy with the performance of their infrastructure and have no plans to change. Further, 52% plan on migrating in the next two years while 26.7% have not yet made a decision as to whether they will migrate in the same timeframe.
The data suggest that most companies are reevaluating their DevOps infrastructures, and will either be migrating to solutions or considering solutions that more thoroughly meet their hosting and infrastructure requirements.
The survey also revealed 15% aren’t sure what to outsource, 8.3% are not finding the right partner and 3.3% are held ransom by public cloud providers.
This survey suggests that customers are focused on the speed, flexibility and functionality of dedicated, hybrid and private cloud infrastructure environments.
Avnet Launches New Partner Program to Accelerate IoT Adoption
Avnet is launching a new initiative designed to provide developers with a place to build complete IoT solutions, enabling them to scale their business in a quick and cost-effective manner. Using Avnet’s IoTConnect platform, developers can more easily connect devices that address both the software and hardware needs of IoT solutions. The distributor intends to expand this offering to include a marketplace, which will allow any developer to write IoT applications to Avnet’s platform and offer them for sale to a broader prospect base.
“IoT is complex, with unique hardware, software and security requirements at every stage of the development cycle,” said Pete Bartolotta, president of business transformation for Avnet. “With our Partner Program and the upcoming Marketplace, we are putting proven IoT solutions in the hands of partners and systems integrators so they can scale their own businesses and accelerate the adoption of IoT.”
A number of IoT offerings have already been demonstrated, including smart solutions for water meters, industrial motors, fleet management, cranes, and even coffee brewers.
The new partner program components, along with the forthcoming marketplace, are expected to provide developers a place to build and scale IoT solutions.