Veeam® Software, the #1 global leader in Data Resilience by market share, announced an expansion of its shareholder base in a $2 billion secondary offering, valuing the company at $15 billion.

This transaction was led by TPG with participation from Temasek, Neuberger Berman Capital Solutions, and other key investors, reinforcing Veeam’s position as a global leader in the rapidly growing data resilience market.

In a digital world, protecting data from outages and cyber threats is critical for ensuring business continuity.

As executives grapple with the explosion in the volume of data, IT and regulatory complexity, and a surge in ransomware attacks, 77 percent of the Fortune 500 and over 550,000 organizations rely on Veeam's suite of data resilience solutions to protect their businesses.

As of September, Veeam has generated $1.7 billion in annualized recurring revenue (ARR), with a 18 percent year-over-year growth rate including 31 percent year-over-year growth for the Software + SaaS subscription business and 30 percent EBITDA margins - exceeding the Rule of 40 - demonstrating a track record of sustained profitable growth.

This growth has enabled Veeam to invest boldly in security, cloud, and AI-driven innovation, positioning the company as the leading provider for data resilience globally.

“In a digital-first world, data is the foundation of your business. If you lose access to that data, your business stops,” said Anand Eswaran, CEO at Veeam.

“As enterprises embrace AI and digital initiatives, the volume and value of data continues to grow, along with the risks – ransomware, cyber threats, and other outages”, added said Anand.

He further went on to say, “Our 550,000 customers and over 34,000 partners trust Veeam to keep their data resilient and their businesses running”.

“That trust has made us the #1 global leader in Data Resilience and fuels our commitment to propel the industry forward.”