Veeam to Acquire Data Security Firm Securiti for $1.725 Billion
Veeam, a data resilience company, has announced a definitive agreement to acquire Securiti AI, a data security company. The acquisition, valued at $1.725 billion, is expected to close in early December and signifies Veeam’s strategic move to enhance its data security and control capabilities, particularly in the context of growing AI adoption among enterprises.
Table of contents
Official guidance: NIST — official guidance for Complete Veeam acquires data security company Securiti Guide
Strategic Rationale Behind the Acquisition
The acquisition of Securiti AI aligns with Veeam’s strategy to provide customers with comprehensive data management and security solutions. Veeam aims to offer its customers greater control and security over their data, especially as businesses increasingly rely on AI-driven applications. By integrating Securiti’s data command center platform, Veeam intends to offer a more holistic approach to data management, encompassing not only data protection but also data governance and trust.
Anand Eswaran, Veeam CEO, emphasized the shift in data priorities, noting that data protection now extends beyond cybersecurity and disaster recovery. He stated that identifying, governing, and ensuring the trustworthiness of data are crucial for transparent AI implementation. The acquisition is seen as a response to the increasing need for companies to manage and secure their data effectively to leverage the benefits of AI.
Securiti AI: A Data Command Center for Enterprises
Founded in 2019 by Rehan Jalil, Securiti AI provides a data command center platform that enables enterprises to manage and control their data across various environments. The company has raised over $156 million in venture capital from investors including Mayfield, General Catalyst, and Cisco Investments. Securiti’s platform offers capabilities for data discovery, classification, and governance, enabling organizations to understand and manage their data assets more effectively.
Upon completion of the acquisition, Securiti’s data command center product will be integrated into Veeam’s existing offerings. Rehan Jalil will join Veeam as the president of security and AI, bringing his expertise in data security and artificial intelligence to the company. This integration is expected to provide Veeam customers with a unified platform for data resilience and security.
Industry Consolidation and the Drive for AI Adoption
The Veeam-Securiti deal is part of a broader trend of consolidation within the data industry. Companies are acquiring data-focused businesses to strengthen their data stacks and assist clients in adopting AI technologies. Recent examples include Databricks’ acquisition of Neon and Salesforce’s acquisition of Informatica. These transactions highlight the growing importance of data management and security in the age of AI.
According to Sanjeev Mohan, a former Gartner analyst, enterprises are seeking to simplify their data infrastructure by reducing the number of vendors they rely on. The need to adopt AI has further accentuated the challenges of data fragmentation, making integrated data solutions more attractive. This consolidation trend is expected to continue, with companies that offer comprehensive data management and security solutions gaining a competitive advantage.
Veeam’s Growth and Future Strategy
Veeam’s acquisition of Securiti follows a period of significant growth for the company. In December 2024, Veeam completed a $2 billion secondary sale that valued the company at $15 billion. At that time, Veeam CEO Anand Eswaran indicated that the company planned to pursue acquisitions that would complement its data resilience business. The acquisition of Securiti fulfills this strategic objective, enhancing Veeam’s capabilities in data security and AI.
The acquisition positions Veeam to address the evolving needs of enterprises in the data-driven era. By combining Veeam’s data resilience solutions with Securiti’s data command center platform, the company aims to provide customers with a comprehensive suite of tools for managing, securing, and leveraging their data assets. This strategic move is expected to strengthen Veeam’s position in the data management and security market.
Conclusion
Veeam’s acquisition of Securiti for $1.725 billion represents a significant step in the company’s strategy to enhance its data security and control capabilities. By integrating Securiti’s data command center platform, Veeam aims to provide customers with a unified solution for data resilience, governance, and security, particularly in the context of increasing AI adoption. The acquisition reflects the broader trend of consolidation in the data industry, as companies seek to offer comprehensive solutions that address the evolving needs of enterprises in the data-driven era.
Disclaimer: The information in this article is for general guidance only and may contain affiliate links. Always verify details with official sources.
Explore more: related articles.