Veeam and Kasten's Modern Data Management Platform Will Speed the Production Deployment of Container-based Applications
Veeam Software announced it has acquired Kasten, the market leader for Kubernetes Backup and Disaster Recovery, in a cash and stock transaction valued at $150M. According to 451 Research, part of S&P Global Market Intelligence, nearly three-quarters of organizations are currently using or planning to use Kubernetes within the next two years.'i' 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.