New Delhi — US-based Veeam Software said on Tuesday it will acquire Securiti AI in a deal valued at about $1.725 billion. The deal will add Securiti AI’s Data Security Posture Management (DSPM) and AI-governance tools to Veeam’s platform as demand grows for unified data protection across cloud and hybrid systems.
Veeam, which develops backup and recovery software for enterprises, said it plans to integrate its services with Securiti AI’s DSPM technology. DSPM helps organisations locate, assess and secure sensitive data across cloud and hybrid environments.
Securiti AI, which specialises in data security across cloud and software-as-a-service platforms, offers products focused on privacy, governance and AI trust. Veeam said the acquisition will help organisations manage fragmented data spread across applications, devices and multiple clouds.
Veeam Chief Executive Anand Eswaran said the combined platforms will help customers “understand, secure, recover, and rollback, and unleash their data to drive new business value”.
Securiti AI CEO Rehan Jalil will join Veeam as president of security and AI after the deal closes. He said the merger would offer customers a single system to manage data resilience, privacy and governance.
Data resilience refers to a company’s ability to maintain and restore its data following disruptions such as cyberattacks or system failures. Analysts said the deal reflects a broader move by technology firms to combine data protection with compliance and governance tools.
Paul Stringfellow, senior analyst at GigaOm, said the merger “bridges the gap between security, governance, compliance, and resilience” and helps organisations better understand and manage their information assets.
The transaction may further bolster Veeam’s competitive position against companies such as Commvault, Rubrik and others in the data-protection and recovery market, where cyberattacks and regulatory demands continue to rise and rivals have occasionally edged it out in enterprise deals.
Veeam witnessing strong growth in India
Post-Covid, with increased cloud adoption and a decentralised workforce, companies have placed data protection and resilience at the centre of their IT strategies.
Sandeep Bhambure, Vice President and Managing Director of Veeam India & SAARC, said the company has grown at “high double-digit, close to triple-digit” rates over the past four to five years.
Veeam counts thousands of Indian enterprises among its customers, with growing traction in public sector banks, manufacturing and insurance despite competition from local and global rivals.
Eswaran said earlier in an interview with TechObserver.in that India is among Veeam’s top three markets in terms of growth rate, with about 45 per cent expansion in its Indian business.
“India is poised to become a cornerstone of Veeam’s global talent strategy,” he said, adding that the scale and expertise of India’s workforce will strengthen the company’s leadership in data resilience and cybersecurity.
Veeam is among the top vendors globally in enterprise backup and recovery software, with an estimated market share of about 13 per cent in 2024, according to research firm IDC.
The company reported annual recurring revenue of roughly $1.7 billion as of September 2024, up 18 per cent from the previous year, and serves more than 550,000 customers worldwide.
Veeam’s valuation was reported at around $15 billion after a $2 billion secondary share sale in December 2024.
The acquisition of Securiti AI is expected to close in the fourth quarter of 2025, subject to regulatory and customary approvals.
