Veeam Software, a leader in backup solutions that deliver Cloud Data Management, has announced it has acquired Kasten, a market leader for Kubernetes backup and Disaster Recovery, in a cash and stock transaction valued at US$150 million. According to 451 Research, part of S&P Global Market Intelligence, nearly three-quarters of organisations 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.
As applications using microservice-based architectures have quickly gained traction in the enterprise, this shift has established a new segment of application development methodology known as DevOps. Containers are a critical component of this DevOps-led infrastructure and application modernisation, and Kubernetes has emerged as the dominant container orchestration platform – creating a significant opportunity for a single data protection platform that includes virtual, physical, cloud and Kubernetes environments. Veeam recognises the strategic importance of this environment, the increasing importance of providing modern data management that is deeply integrated into Kubernetes and the growth of DevOps to improve quality, increase scalability and accelerate application delivery while reducing daily management.
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