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Veeam acquires data security company Securiti AI for $1.7bn
Veeam has acquired Securiti AI for $1.725 billion to enhance data security and management capabilities for its clients, emphasizing the integration of AI. The deal is expected to close in December 2023. This move aligns with Veeam's strategy to respond to the increasing demands for data governance and security amid growing AI utilization.
Key points
- Veeam announced the acquisition of Securiti AI for $1.725 billion, a mix of cash and stock.
- The acquisition aims to increase Veeam's data security offerings and give clients better management over their data.
- Securiti AI provides a command center for enterprise data, enhancing governance and trust.
- The transaction is expected to close in December 2023 and will make Rehan Jalil Veeam's president of security and AI.
- This acquisition follows a trend of consolidation in the data industry as companies seek to improve data management in light of AI adoption.
Why it matters
- In the past year, major acquisitions in the data sector have included Databricks acquiring Neon for $1 billion and Salesforce acquiring Informatica for $8 billion.
- There has been a push for companies to streamline their data infrastructure amid increasing complexity due to AI adoption.
- Industry analyst Sanjeev Mohan forecasts ongoing consolidation as enterprises prefer fewer, more comprehensive data solutions.
The acquisition of Securiti AI by Veeam highlights the critical shift towards enhanced data governance and security, reflecting significant trends in the data industry as businesses adapt to the demands of AI and strive for more integrated solutions.