Veeam Software buys Kasten for $150 million

Backup solutions provider Veeam Software announced the acquisition of Kasten, a market leader for Kubernetes backup and disaster recovery, for $150 million.
Veeam Software channel event
The cash-and-stock-deal will help Veeam and Kasten’s modern data management platform speed the production deployment of container-based applications.

Kasten will operate as a separate Kubernetes Business Unit (BU) within Veeam. Kasten’s founders, Niraj Tolia and Vaibhav Kamra, will lead the business unit.

Kasten in 2019 announced a $14 million Series A round led by Insight Partners, bringing the company’s total funding to $17 million. Kasten said it will use the investment to grow all areas of the company including sales, engineering, and marketing, in addition to creating an R&D center in Salt Lake City, Utah.

“With the acquisition of Kasten, we are taking an important next step to accommodate our customers’ shift to container adoption in order to protect Kubernetes-native workloads on-premises and across multi-cloud environments,” said Danny Allan, chief technology officer at Veeam.

Veeam will integrate Kasten into its Cloud data management platform for modern data protection and simplify data management for enterprises.

Veeam will use the Kasten K10 Data Management Platform to offer enterprise operations teams an easy-to-use, scalable, and secure system for Kubernetes backup and application mobility with unparalleled operational simplicity.

Niraj Tolia, CEO at Kasten, said that the company’s innovation in Kubernetes-native data management combined with Veeam’s expertise in Backup, both on-premises and in multi-cloud environments, will advance the state of modern data management.