Veeam

Corporate brand

Provider of backup, recovery, replication, and broader data-protection software for virtual, physical, cloud, SaaS, and Kubernetes environments.

Last updated August 31, 2026

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First read: Nov 4, 2026
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Overview

Veeam is a privately held information-technology company specializing in data protection, backup, disaster recovery, replication, and availability software. Founded in 2006 by Ratmir Timashev and Andrei Baronov, the company initially concentrated on the rapidly expanding market for virtualized workloads. Its early products addressed monitoring, reporting, and management of virtual infrastructure before Veeam broadened its focus toward backup and recovery. The company’s central product is Veeam Backup & Replication, which began as a protection platform for VMware environments and later expanded to Microsoft Hyper-V and other infrastructure types. The platform is designed to create recoverable copies of workloads, support replication and disaster-recovery processes, and provide capabilities such as compression, deduplication, recovery testing, and centralized management. Veeam subsequently added agents and specialized products for physical computers, Microsoft workloads, public-cloud services, software-as-a-service applications, and Kubernetes environments. Veeam’s portfolio includes products for Microsoft 365, Microsoft Azure, Amazon Web Services, Google Cloud, Kubernetes, Nutanix AHV, physical Windows and Linux systems, and service-provider environments. Its product strategy reflects the increasing distribution of enterprise data across on-premises infrastructure, private and public clouds, endpoint systems, SaaS platforms, and containerized applications. Rather than treating backup as limited to traditional data centers, Veeam positions data protection as part of business continuity, cyber resilience, and operational availability. The company operates through a global sales, partner, and service-provider ecosystem. Its regional operations include offices and headquarters for major geographic markets, while Prague has been described as its largest research-and-development center. Veeam sells directly and through channel partners, managed service providers, and cloud providers. This partner-oriented approach supports backup-as-a-service and disaster-recovery-as-a-service offerings in addition to conventional enterprise software deployments. Veeam has also expanded through acquisitions. The purchase of nworks strengthened integration between VMware management and Microsoft and Hewlett-Packard enterprise-management platforms. Its acquisition of N2WS added cloud-native backup and disaster-recovery capabilities for AWS, while the purchase of Kasten broadened the portfolio into Kubernetes data management. In 2024, Veeam acquired Coveware, a ransomware incident-response and recovery company, extending its relevance from preventive backup toward ransomware preparedness and recovery operations. Insight Partners announced the acquisition of Veeam in 2020 in a transaction reported at approximately $5 billion. The deal was accompanied by a move of the company’s headquarters to the United States. Veeam remains private and continues to operate as an independent software company. Under CEO Anand Eswaran, the business has emphasized enterprise growth, expanded partnerships, and a broader data-resilience platform spanning backup, recovery, security-related capabilities, and cloud-native workloads.

History

Veeam was established in 2006 by Ratmir Timashev and Andrei Baronov, who had previously founded Aelita Software. After Aelita was sold to Quest Software in 2004, the two entrepreneurs created Veeam to address the management and protection challenges created by server virtualization. The company’s first office opened in Saint Petersburg, Russia. Veeam’s earliest products were Veeam Monitor and Veeam Reporter. These tools concentrated on monitoring, reporting, analysis, and documentation for virtual infrastructures. In 2007, the company released FastSCP, a free utility for copying virtual-machine files. The product helped establish Veeam’s understanding of virtual-machine workflows and provided a foundation for later data-protection software. In 2008, Veeam introduced Veeam Backup & Replication. Initially focused on VMware vSphere virtual machines, the product combined image-based backup and replication with incremental processing, compression, and deduplication. It became the company’s principal platform and helped define its identity in the virtualization backup market. Veeam later added support for Microsoft Hyper-V, enabling the product to serve mixed virtualization environments. Veeam expanded its management capabilities through the 2008 acquisition of nworks. The transaction supported integrations between VMware environments and Microsoft System Center Operations Manager as well as Hewlett-Packard OpenView. The resulting products were later renamed Veeam Management Pack and Veeam Smart Plug-In. In 2014, Veeam held its first VeeamON conference in Las Vegas, creating a recurring forum focused on data protection and availability. The company broadened beyond virtual machines during the middle of the 2010s. In 2015, it introduced Veeam Endpoint Backup FREE for physical Windows endpoints and Veeam FastSCP for Microsoft Azure. In 2016, it launched Veeam Backup for Microsoft Office 365 and Veeam Availability Orchestrator. The former addressed protection of Microsoft 365 data, while the latter supported disaster-recovery planning, testing, documentation, and reporting across multiple hypervisors. In 2017, Veeam released Veeam Agent for Microsoft Windows, Veeam Agent for Linux, and Veeam Availability Console. These products extended protection to physical workloads and gave service providers tools for administering distributed backup and recovery environments. That same year, Veeam acquired N2WS, an AWS-focused cloud backup and disaster-recovery company. Veeam later sold N2WS back to its original founders in 2019 following discussions with the United States government. Leadership changed during this period. Peter C. McKay joined as president and chief operating officer in 2016 and later became co-CEO alongside Baronov. McKay left during a restructuring in late 2018, after which Baronov served as sole CEO for a period. In January 2020, Insight Partners announced an acquisition valued at approximately $5 billion and plans to move Veeam’s headquarters to the United States. Bill Largent became CEO and chairman in 2020, followed by Anand Eswaran as CEO in 2021. Veeam’s product expansion accelerated in 2020, when the company reported 16 releases across its portfolio. These included new versions of Veeam Backup & Replication, Veeam ONE, Veeam Backup for Nutanix AHV, Veeam Service Provider Console, Veeam Backup for Microsoft Azure, Veeam Availability Orchestrator, Veeam Backup for Microsoft 365, and Veeam Backup for AWS. The company also acquired Kasten in 2020, adding a Kubernetes-focused data-management and disaster-recovery business. Under Eswaran, Veeam has increasingly presented itself as a provider of comprehensive data resilience rather than only a virtualization backup vendor. Its coverage now includes public-cloud infrastructure, SaaS applications, containers, physical servers, endpoints, and traditional virtual environments. The 2024 acquisition of Coveware added ransomware incident response and recovery expertise. Veeam remains privately held by Insight Partners, with its main headquarters in Kirkland, Washington, and a global operating and partner network.

2024
Coveware is acquired
[3]Veeam announces acquisition of Covewareveeam.com
Veeam acquires ransomware incident-response and recovery company Coveware.
2020
Insight Partners announces acquisition
[1]Veeamen.wikipedia.org
Insight Partners announces the purchase of Veeam in a transaction reported at approximately $5 billion, alongside a move of headquarters to the United States.
2020
Kasten is acquired
[1]Veeamen.wikipedia.org
The acquisition adds Kubernetes backup, disaster recovery, and data-management capabilities.
2017
Physical-workload and service-provider products expand
[1]Veeamen.wikipedia.org
Veeam introduces agents for Windows and Linux and launches Veeam Availability Console.
2017
N2WS is acquired
[1]Veeamen.wikipedia.org
Veeam acquires N2WS to strengthen cloud-native backup and disaster recovery for AWS.
2016
Expansion into Microsoft 365 protection and recovery orchestration
[1]Veeamen.wikipedia.org
Veeam launches Veeam Backup for Microsoft Office 365 and Veeam Availability Orchestrator.
2014
First VeeamON conference
[1]Veeamen.wikipedia.org
Veeam holds its first conference dedicated to data protection and availability in Las Vegas.
2012
nworks products are rebranded
[1]Veeamen.wikipedia.org
The nworks Management Pack and Smart Plug-In are renamed Veeam Management Pack and Veeam Smart Plug-In.
2008
Veeam Backup & Replication launches
[1]Veeamen.wikipedia.org
The company introduces its principal backup and replication platform for VMware virtual machines.
2008
nworks is acquired
[1]Veeamen.wikipedia.org
The acquisition strengthens integration between VMware management and Microsoft and Hewlett-Packard enterprise-management systems.
2007
FastSCP is released
[1]Veeamen.wikipedia.org
Veeam launches a free virtual-machine file-copy utility that contributes to the development of its later virtualization data-protection products.
2006
Veeam is founded
[1]Veeamen.wikipedia.org
Ratmir Timashev and Andrei Baronov establish Veeam after the sale of their earlier company, Aelita Software.

Products and positioning

Enterprise data protection and cyber-resilience specialist focused on backup, recovery, replication, and availability across hybrid, multicloud, SaaS, physical, virtual, and Kubernetes environments.

Backup and replication · 2008
Veeam Backup & Replication
Veeam’s core data-protection platform provides backup, replication, recovery, and management for virtual, physical, and selected cloud workloads. It originated as a VMware-focused product and later added Microsoft Hyper-V and broader infrastructure support. Its capabilities include image-based backup, incremental processing, compression, deduplication, recovery workflows, and support for business-continuity and disaster-recovery operations.
Monitoring and analytics
Veeam ONE
Veeam ONE provides monitoring, reporting, capacity analysis, and operational visibility for protected infrastructure. It is intended to help administrators identify configuration problems, assess backup health, understand resource use, and improve the reliability of virtual and data-protection environments.
SaaS backup · 2016
Veeam Backup for Microsoft 365
This product protects data associated with Microsoft 365 services, including Exchange-related workloads. It addresses the need for organizations to maintain independent, recoverable copies of SaaS data rather than relying solely on service-level availability and retention arrangements.
Physical workload backup · 2017
Veeam Agent for Microsoft Windows
Veeam Agent for Microsoft Windows provides backup and recovery for physical Windows computers and servers. It succeeded Veeam Endpoint Backup FREE and can work with local, cloud, or centralized Veeam-managed repositories depending on the deployment.
Physical workload backup · 2017
Veeam Agent for Linux
Veeam Agent for Linux extends Veeam’s protection model to Linux physical workloads. It supports backup and recovery scenarios for systems that are not hosted inside a supported virtual-machine environment.
Disaster recovery · 2016
Veeam Availability Orchestrator
Veeam Availability Orchestrator supports disaster-recovery planning and execution across multiple hypervisor environments. Its functions include recovery-plan documentation, testing, reporting, and orchestration intended to make recovery procedures more repeatable and auditable.
Service-provider management · 2017
Veeam Availability Console
Veeam Availability Console is a centralized management tool for distributed Veeam-powered backup and disaster-recovery services. It supports service providers delivering backup-as-a-service and disaster-recovery-as-a-service and helps manage multiple customer environments.
Kubernetes data management · 2020
Veeam Kasten
Veeam Kasten provides data management, backup, and disaster-recovery capabilities for Kubernetes applications and clusters. Its addition broadened Veeam’s coverage from virtual machines and physical servers to containerized, cloud-native workloads.
Public-cloud backup · 2020
Veeam Backup for AWS
Veeam Backup for AWS is designed to protect workloads and data hosted on Amazon Web Services. It reflects Veeam’s move toward cloud-native backup and recovery alongside its traditional data-center products.
Public-cloud backup · 2020
Veeam Backup for Microsoft Azure
Veeam Backup for Microsoft Azure provides backup and recovery capabilities for workloads hosted in Microsoft’s public cloud. It forms part of Veeam’s multicloud portfolio and complements protection for on-premises and virtualized systems.

Marketing campaigns

2014VeeamON
Global
Veeam launched its VeeamON conference in Las Vegas as a forum for discussing data protection, availability, backup, recovery, and related enterprise-technology issues.
Outcome. Established a recurring branded event associated with Veeam’s data-protection community and partner ecosystem.
Source

Brand decisions

2024
Acquisition of CovewareM&A
Background
Ransomware made incident response and recovery a central concern for enterprise data-protection buyers.
Action taken
Veeam acquired Coveware, a ransomware incident-response and recovery company, with Coveware remaining operationally independent.
Aftermath
The deal extended Veeam’s positioning from backup and recovery toward broader ransomware resilience and post-incident support.
Source
2020
Insight Partners acquisitionM&A
Background
Veeam was pursuing further global and enterprise expansion while remaining privately held.
Action taken
Insight Partners agreed to acquire Veeam in a transaction reported at approximately $5 billion and move its headquarters to the United States.
Aftermath
Veeam became a US-headquartered private software company owned by Insight Partners.
Reported transaction value. $5 billion (Announced January 2020)
Source
2020
Acquisition of KastenM&A
Background
Containerized and Kubernetes-based applications were becoming important enterprise workloads requiring dedicated protection and recovery tools.
Action taken
Veeam acquired Kasten, a Kubernetes backup and disaster-recovery company.
Aftermath
Veeam added Kubernetes-focused data management to its broader backup and resilience portfolio.
Source
2017
Acquisition of N2WSM&A
Background
Veeam sought to strengthen its coverage of cloud-native backup and disaster recovery, particularly in AWS environments.
Action taken
Veeam acquired N2WS, an AWS-focused backup and disaster-recovery company.
Aftermath
The transaction expanded Veeam’s public-cloud portfolio; Veeam later sold N2WS back to its original founders in 2019.
Source
2008
Launch of Veeam Backup & ReplicationProduct launch
Background
Virtual-machine adoption was creating demand for backup products designed specifically for virtualized infrastructure.
Action taken
Veeam released an image-based backup and replication platform initially focused on VMware vSphere.
Aftermath
The product became Veeam’s principal platform and the foundation for later expansion into physical, cloud, SaaS, and Kubernetes protection.
Source

Recent events

2026.08.25
Reported2026.08.25
Veeam unveils DataAI Command Graph on Data Command platform[4]Veeam发布DataAI Command Graph平台it-online.co.za
Veeam unveiled its DataAI Command Graph on the Data Command platform at VeeamON Tour 2026 in Riversands, South Africa, describing it as a product available today that combines data, identity, AI, activity and risk visibility with security, governance, compliance and privacy layers.
Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.
2021.12.17
Reported2021.12.17
Veeam appoints Anand Eswaran as CEO[5]Veeam任命Anand Eswaran为首席执行官glamsham.com
Veeam Software said it appointed Anand Eswaran as CEO and a member of the company's Board of Directors.
Unconfirmed
Veeam Backup & Replication V11 becomes available[6]Veeam Backup & Replication V11 全面上市ithome.com.tw
Veeam announced that Backup & Replication V11 was fully available, with more than 200 added and upgraded features for protecting cloud, virtual, physical, and enterprise workloads.
2021.03.05
Reported2021.03.05
Veeam releases Backup & Replication v11[7]Veeam 正式发布 Backup & Replication v11cloud.it168.com
Veeam formally released Backup & Replication v11, a data-protection solution with more than 200 new and enhanced features.
2020.12.09
Veeam Backup for AWS v3 released[8]Veeam Backup for AWS v3 发布news.e-works.net.cn
Veeam announced that Veeam Backup for AWS v3 was available. The updated product added native AWS backup and recovery for Amazon RDS databases, among other features.
2020.10.10
Veeam announces acquisition of Kasten[9]Veeam宣布收购Kastennews.e-works.net.cn
Veeam announced that it would acquire Kasten for $150 million in cash and equity.
Unconfirmed
Reported2020.10.08
Veeam acquires Kasten[10]Veeam 收购 Kastenprivateequityinternational.com
Veeam acquired Kasten, a provider of data backup, disaster recovery and mobility solutions for Kubernetes, according to a blog post.
2020.06.19
Reported2020.06.19
Veeam Backup for AWS v2 release[11]Veeam Backup for AWS v2发布cloud.it168.com
Veeam announced that Veeam Backup for AWS v2 was fully available, with updated features including disaster recovery across AWS accounts and regions and integration with the change block tracking API.
Unconfirmed
Reported2020.06.19
Veeam receives AWS storage competency certification[11]Veeam Backup for AWS v2发布cloud.it168.com
Veeam received AWS storage competency certification, which the article says further demonstrated its solutions' ability to address customer challenges and business goals.
Unconfirmed
Veeam unveils product updates at VeeamON 2020[12]Veeam在 VeeamON 2020 发布产品更新crn.com
Veeam unveiled products and updates for AWS, Microsoft Teams and NetApp, including Veeam Backup for AWS version 2, Veeam Backup for Microsoft Office 365 version 5, and Veeam Availability Orchestrator version 3.

Sources31 sources

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