Insight-Owned Veeam Nears $1.8 Billion Deal to Buy Securiti

Veeam Software, a data management and protection company owned by Insight Partners, is in advanced negotiations to acquire Securiti, a data privacy management software provider, for approximately $1.8 billion. The proposed acquisition would enhance Veeam's capabilities in the rapidly growing data privacy and compliance market. Securiti's technology helps organizations manage and protect sensitive data, ensuring compliance with various regulations such as GDPR and CCPA. The deal, if finalized, would represent a significant investment by Veeam and its parent company, Insight Partners, in the data privacy and security space. It would also demonstrate the growing importance of comprehensive data management and protection solutions as businesses navigate an increasingly complex regulatory landscape. The sources familiar with the matter have requested anonymity as the discussions are private. The final terms and timing of the deal are still subject to change and the agreement has not yet been finalized.