Insight-Owned Veeam Agrees to Buy Securiti AI for $1.7 Billion

Veeam Software, a data management and protection company owned by Insight Partners, has agreed to acquire Securiti AI, a provider of AI-powered data security and privacy solutions, for approximately $1.73 billion in a cash and stock transaction. The acquisition is expected to strengthen Veeam's capabilities in securing corporate data used in AI applications, which are becoming increasingly important as organizations rely on AI for various business functions. Securiti AI's technology helps companies comply with data privacy regulations and protect sensitive information. The deal is seen as a strategic move by Veeam to expand its product offerings and better address the growing demand for data security and compliance solutions in the rapidly evolving AI and machine learning landscape. The combined entity will aim to provide comprehensive data management and protection solutions for enterprises. The transaction is subject to customary closing conditions and regulatory approvals, and is expected to be completed in the coming months.