Veeam Software has agreed to acquire data privacy management firm Securiti AI for approximately $1. 73 billion, aiming to enhance its data privacy and governance capabilities. This strategic acquisition will integrate Securiti AI’s advanced privacy technologies with Veeam’s leading data backup and recovery solutions, expanding Veeam’s portfolio to include robust privacy compliance and data governance features alongside reliable backup services. This comprehensive approach meets rising regulatory demands and the growing importance of data privacy in global business operations. Securiti AI’s CEO expressed enthusiasm for the acquisition, highlighting the synergy and customer benefits from combining their strengths. The partnership is expected to foster innovation and accelerate development of new solutions addressing complex data security and privacy management needs. Morgan Stanley acted as financial advisor to Securiti AI, guiding the negotiation process. The deal reflects growing industry consolidation focused on providing comprehensive data management services. Under the agreement, Veeam will integrate Securiti AI’s assets and technology into its existing offerings, enhancing services related to data privacy, regulatory compliance, and risk management. This will simplify data workflows and reduce complexity in managing sensitive information. The acquisition comes amid tightening data privacy regulations worldwide—for example, new U. S.

measures introduced in December aimed at protecting consumer data and increasing corporate accountability—which boost demand for all-encompassing compliance solutions. Veeam, acquired by Insight Partners in recent years, has a strong history of delivering widely used backup and recovery software across industries, helping ensure data availability and resilience. This acquisition signals Veeam’s commitment to broadening its scope beyond traditional backup into wider data management areas, including privacy and governance. Integrating Securiti AI’s privacy-focused software will offer customers a seamless, unified solution addressing both protection and compliance in today’s complex regulatory landscape. As digital transformation accelerates and data volumes surge, effective data management solutions become ever more critical. This acquisition positions Veeam to meet these challenges by providing innovative tools that safeguard data, maintain compliance, and optimize operational continuity. Going forward, Veeam plans to develop integrated products leveraging Securiti AI’s AI and machine learning capabilities to enhance automation in privacy management, enabling proactive risk identification, streamlined compliance reporting, and improved data governance. The transaction is expected to close in the coming months upon customary closing conditions and regulatory approvals. Post-closing, Veeam aims to become a leading provider of unified data management and privacy solutions, reflecting a market trend toward comprehensive platforms addressing full-spectrum data security challenges. In summary, Veeam’s acquisition of Securiti AI marks a significant advancement in data management, integrating cutting-edge privacy capabilities into its core backup and recovery products to deliver enhanced value amidst increasing data protection and regulatory complexities in today’s digital economy.