CPPIB invests in data backup specialist Veeam Software
Veeam Software, a Baar, Switzerland-based provider of data management solutions for the public and private cloud, has secured a US$500 million investment. The investment was made by U.S. venture capital and private equity firm Insight Venture Partners, with "strong" participation from Canada Pension Plan Investment Board (CPPIB). Founded in 2006, Veeam provides backup solutions that enable intelligent data management for more than 325,000 customers worldwide. The deal's proceeds will help accelerate the next phase of the company's organic and acquisition-based growth.
16 January 2019•5 mins read
