Switzerland-based Veeam, which develops software for backing up and managing vSphere and Hyper-V virtual environments, on Jan. 16 announced the largest acquisition in its 11-year life: an all-cash $42.5 million buyout of N2W Software.
NS2S, as it is known, was founded in 2012. It specializes in developing customized cloud-native solutions that transition servers, applications and data into cloud environments. Its first product, Cloud Protection Manager, was a pioneering enterprise-class data protection solution for Amazon Web Services’ Elastic Compute Cloud (EC2).
Wilmington, Del.-based NS2S utilizes AWS data snapshots to provide full-featured backup and recovery and adds many features, such as flexible backup policies and schedules; consistent backup of applications that include SQL Server, Oracle, MySQL and MongoDB; and rapid disaster recovery of complete servers and data in other AWS regions.
Cloud Protection Manager is sold on AWS Marketplace as a machine image that launches into a backup and recovery server.
Availability Across Any Cloud
The acquisition bolsters Veeam as a data protection provider for AWS by adding to its portfolio of solutions that offer availability for any app, any data, across any cloud, the company said.
To accelerate its own growth, N2WS have access to Veeam’s ecosystem of alliances and partners, including nearly 55,000 resellers and 18,000 cloud service providers. In turn, Veeam will have access to N2WS technology and research and development to integrate infrastructure as a service (IaaS) data protection for AWS workloads into the Veeam Availability Platform.
N2WS grew its revenues by 102 percent in 2017 and will operate as a standalone company, keeping its brand name, Veeam co-CEO and President Peter McKay said.
“As enterprises look to migrate more workloads to the public cloud, having a robust and intuitive data protection and availability solution is imperative,” McKay said. “By combining Veeam’s industry-leading capabilities in protecting virtual, physical and cloud environments with N2WS’ leadership in AWS data protection, we have a strong solution to deliver on the needs of the digital enterprise.
“N2WS has experienced incredible growth in the last 12 months, and it will continue to operate as a standalone business to best position the company to provide AWS data protection--the same way Veeam transformed protection for VMware environments a decade ago.”
IaaS Projected to Be $88 Billion Market in Four Years
The IaaS market is projected to reach $88 billion in 2022 (Gartner, 2017) making it the fastest growing cloud segment, and with AWS’ standing as the leading IaaS vendor with 44.2 percent of the market, this acquisition is well-timed, McKay said.
This move is driven by the fact that enterprises are looking to run more of their applications in the public cloud–and in AWS in particular–and are demanding stronger data protection solutions to minimize downtime and meet compliance requirements.
Current Veeam customers will soon see a new package of special offers and incentives for Cloud Protection Manager (CPM) from N2WS, the company said.
N2WS has offices in West Palm Beach, Fla., Haifa, Israel and Edinburgh, UK. CEO Jason Judge will remain in place, and all teams including sales, marketing, R&D and customer service will stay intact to continue growing the business.
For more information, go here.