Things have certainly been changing over the last couple of years at Veeam, whilst they work on their Act II and transform themselves truly from just a backup vendor to being an all encompassing Cloud Data Management solution.
On 9th January 2020, it was announced that Insight Partners would acquire Veeam for approximately $5 Billion US Dollars. You may have seen that Veeam had published their annual revenue back in May 2019 as reaching $1 Billion US Dollars. In the process of the acquisition a number of changes have occurred with regards to the board of directors and senior positions. It’s a shame to see Ratmir Timashev and Andrei Baronov step down from the board and therefore it is unknown what involvement the two co-founders will have in the future of Veeam.
On the top step of the management team, we see William H. Largent being promoted to Chief Executive Officer (CEO) – from his previous position of Executive Vice President (EVP), Operations. This comes only a couple of days after Danny Allen was appointed Chief Technology Office (CTO) and Senior Vice President (SVP) of Product Strategy.
If we look a little further back into 2019, we can also see that Jim Kruger was appointed as Chief Marketing Officer back in October. Alistair MacIntyre-Currie was appointed as Vice President of Field Marketing for APJ back in July. Chuck Garner was appointed as Chief Financial Officer back in May.
That is quite a significant number of senior leadership changes in a short period of time… we’ll have to wait and see whether this helps or hinders Veeam.
As part of the acquisition, Veeam will also become a US company.
With the latest version of Veeam Availability Suite due to be launched soon, this could be the last product developed as truly Veeam. As a long time user of Veeam products and one of the first users of Veeam Backup & Replication in the UK… I’ll certainly be keeping an eye on the future of Veeam with great interest.