Veeam Software, the leader in Backup solutions that deliver Cloud Data Management, announced it has acquired Kasten, the market leader for Kubernetes Backup and Disaster Recovery, in a cash and stock transaction valued at $150M.
According to 451 Research, part of S&P Global Market Intelligence, nearly three-quarters of organizations are currently using or planning to use Kubernetes within the next two years. Veeam believes this shift creates a massive opportunity for the future of data protection and the acquisition reinforces its commitment to support customers’ business transformation to future-ready architectures.
With this new acquisition, Veeam will integrate Kasten into its market-leading Cloud Data Management platform for modern data protection and radically simplify data management for enterprises, the Company said in its press release.
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. With Kasten’s protection of container workloads and Veeam support for virtual machines, physical servers, SaaS applications and cloud workloads, this best of breed technology will provide all organizations a single platform for modern data protection.
“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.”
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. All teams including sales, marketing, R&D, and customer service will stay intact to continue growing the business with increased investment in people and resources.
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