Veeam Software splashes $150m on Kubernetes firm Kasten
Veeam Software has announced it has acquired Kubernetes backup firm Kasten in a cash and stock transaction valued at $150 million.
The company said the acquisition reinforces its commitment to support customers’ business transformation to future-ready architectures.
With this new acquisition, Veeam will integrate Kasten into its Cloud Data Management platform for modern data protection and simplify data management for enterprises.
Kasten will operate as a separate Kubernetes Business Unit (BU) within Veeam. Kasten’s founders, Niraj Tolia and Vaibhav Kamra, will lead the business unit – Tolia as its President and General Manager, and Kamra as Chief Technology Officer, Kubernetes BU.
The company revealed that all teams including sales, marketing, R&D, and customer service will stay intact.
With the Kasten K10 Data Management Platform, Veeam will now be able to offer enterprise operations teams an easy-to-use, scalable, and secure system for Kubernetes Backup and application mobility with unparalleled operational simplicity.
“Veeam was built on offering the best data protection for virtual and modern data infrastructures, and we have continued to expand our offerings to include industry-leading protection for physical and cloud environments,” said Danny Allan, Chief Technology Officer and Senior Vice President of Product Strategy at Veeam.
“With the acquisition of our partner Kasten, we are taking a very important next step to accommodate our customers’ shift to container adoption in order to protect Kubernetes-native workloads on-premises and across multi-cloud environments.
“This significant milestone strengthens Veeam’s commitment to continue to deliver the industry’s leading Cloud Data Management platform that will support data protection for container-based applications built in Kubernetes environments.”
While the Kasten K10 platform will continue to be available independently, it will also be integrated into Veeam Backup & Replication to offer a comprehensive data management solution.
“The enterprise landscape is shifting as applications rapidly transition from monoliths to containers and microservices,” said Niraj Tolia, Chief Executive Officer at Kasten.
“With Kubernetes at the core of this infrastructural shift, Kasten's innovation in Kubernetes-native data management combined with Veeam's expertise in Backup, both on-premises and in multi-cloud environments, will significantly advance the state of modern data management.
“Veeam's success has been a beacon of inspiration for the Kasten team and we are very excited to join forces with a company where there is so much philosophical alignment.”