Veeam Software is a privately held information technology company that develops backup, disaster recovery and intelligent data management software for virtual, physical and multi-cloud infrastructures.

Veeam is the global leader in intelligent data management for the Hyper-Available Enterprise.

Veeam was founded in 2006 by Ratmir Timashev & Andrei Barono. The company is headquartered in Baar, Zug, Switzerland with a number of international offices, including regional headquarters for EMEA in Paris, France, for the Americas in Columbus, Ohio, for the Middle East in Dubai and for the Asia-Pacific region in Sydney, Australia.

Veeam is uniquely positioned to help customers along their journey to Intelligent Data Management. The name "Veeam" came from the phonetic pronunciation of the letters "VM" — virtual machine.

Veeam's products, Veeam Monitor and Veeam Reporter, provided virtual-infrastructure monitoring, reporting, analysis and documentation. Later, in 2010, the company combined both products to form Veeam ONE. Veeam gained attention in 2007 with its free VM backup copy product, FastSCP which became a basis for building Veeam's data-protection software for hardware virtualization.


Veeam currently has more than 320,000 customers worldwide, including 75% of the Fortune 500 and 58% of the Global 2000. Its global ecosystem includes 59,000 channel partners, Cisco, HPE, Lenovo and NetApp as exclusive resellers, and 20,600 cloud and service providers.


Veeam is backed by Insight Partners & Canada Pension Plan Investment Board. The company raised $500M in it's latest Private Equity Round funding on Jan 16, 2019. 


Veeam has received tons of awards and accolades including: Three GOLD and two SILVER Stevie International Business Awards 2015";" Market Leader in the Ovum Decision Matrix: Data Availability and Protection Solution for the Cloud Era, 2016-17."; Forbes 2017 World’s Best 100 Cloud Companies, 2nd year in a row"; "Leader in the 2017 Gartner Magic Quadrant for Data Center Backup and Recovery" etc.


Veeam was acquired by Insight Partners for a staggering $5B on Jan 09, 2020.



  • Year founded: 2006
  • Funding Info: $500M in 2 Funding Rounds (Last Funding Type: Private Equity)
  • Yearly Revenue: $963M (2018)
  • Employee Size: 1,001-5,000
  • Business Valuation: Acquired for $5B on Jan 09, 2020
  • City/Town: Baar
  • State: Zug
  • Country: Switzerland
Related businesses