Willkie Farr & Gallagher LLP represented Veeam in the transaction. Pillsbury Winthrop Shaw Pittman LLP advised Kasten on the deal.
Veeam Software, a leader in backup solutions and data management, completed the acquisition of Kasten, a market leader for Kubernetes backup and disaster recovery, in a cash and stock transaction valued at $150 million.
With market research indicating a growing number of organizations 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. Kasten will operate as a separate Kubernetes Business Unit (BU) within Veeam.
Founded in 2006, Veeam has become a leader in backup with among the fastest and most reliable data recovery in virtual environments. With 375,000+ customers, Veeam’s platform helps hundreds of thousands of companies keep their businesses running regardless of where data resides – physical systems, SaaS services, public cloud, private cloud, hybrid cloud, or multi-cloud.
Kasten is a leader in Kubernetes Backup and Disaster Recovery, helping enterprises overcome Day 2 data management challenges to confidently run applications on Kubernetes. Kasten has offices in the San Francisco Bay Area and Salt Lake City, Utah.
The Willkie team advising Veeam was led by partners Morgan Elwyn (Picture) and Ziyad Aziz and associate Erin Kinney.
The Pillsbury team was led by Gurpreet Bal and Stanley Pierson and included Corporate associate Hana Cho.
Involved fees earner: Gurpreet Bal – Pillsbury Winthrop Shaw Pittman LLP; Hana Cho – Pillsbury Winthrop Shaw Pittman LLP; Stanley Pierson – Pillsbury Winthrop Shaw Pittman LLP; Ziyad Aziz – Willkie Farr & Gallagher; Morgan Elwyn – Willkie Farr & Gallagher; Erin Kinney – Willkie Farr & Gallagher;