Willkie represented Veeam in the transaction.
On October 6, Veeam Software, a leader in backup solutions and data management, announced it has acquired Kasten, a market leader for Kubernetes backup and disaster recovery, in a cash and stock transaction valued at $150 million.
With market research indicating a growing number of organizations using or planning to use Kubernetes within the next two years, Veeam believes this shift creates a massive opportunity for the future of data protection and the acquisition reinforces its commitment to support customers’ business transformation to future-ready architectures. With this new acquisition, Veeam will integrate Kasten into its market-leading Cloud Data Management platform for modern data protection and radically simplify data management for enterprises. Kasten will operate as a separate Kubernetes Business Unit (BU) within Veeam.
Earlier this year, Willkie advised longtime client Insight Partners in its acquisition of Veeam in a transaction valued at approximately $5 billion.
Founded in 2006, Veeam has become a leader in backup with among the fastest and most reliable data recovery in virtual environments. With 375,000+ customers, Veeam’s platform helps hundreds of thousands of companies keep their businesses running regardless of where data resides – physical systems, SaaS services, public cloud, private cloud, hybrid cloud, or multi-cloud.
Kasten is a leader in Kubernetes Backup and Disaster Recovery, helping enterprises overcome Day 2 data management challenges to confidently run applications on Kubernetes. Kasten has offices in the San Francisco Bay Area and Salt Lake City, Utah.
The Willkie team was led by partners Morgan Elwyn and Ziyad Aziz and associate Erin Kinney.