Veeam Software is a privately held US-based information technology company owned by Insight Partners that develops backup, disaster recovery and modern data protection software for virtual, physical and multi-cloud infrastructures.[4][5] The company's headquarters are in Baar, Switzerland and Columbus, Ohio, United States.[1][6]

Veeam Software Group GmbH
TypePrivately held company
IndustrySoftware industry
FoundersRatmir Timashev
Andrei Baronov
Baar (global)
Columbus, Ohio, United States (corporate)[1]
Area served
Key people
Anand Eswaran , CEO
RevenueIncrease $1 Billion (2019)[2]
Number of employees
4,300[3] (2020)

The name "Veeam" came from the phonetic pronunciation of the letters "VM" — virtual machine.[7]


Ratmir Timashev and Andrei Baronov founded Veeam in 2006. Timashev and Baronov had sold their previous IT management software company, Aelita Software Corporation, to Quest Software in 2004;[8][9] Dell subsequently acquired Quest Software in 2012.[10] In June 2016, Dell announced the sale of its software division, which included Quest, to Francisco Partners and Elliott Management Corporation.[11]

The first Veeam products, Veeam Monitor and Veeam Reporter, provided virtual-infrastructure monitoring, reporting, analysis and documentation. Later, in 2010, the company combined both products to form Veeam ONE.[12] Veeam gained attention in 2007 with its free VM backup copy product, FastSCP,[13] which became a basis for building Veeam's data-protection software for hardware virtualization.[14]

In 2014, Veeam held its first conference on data protection and availability called "VeeamON," which took place in Las Vegas, Nevada.[15]

In 2016, Veeam appointed Peter C. McKay, prior Senior Vice President and General Manager, Americas with VMware, as President/COO.[16] In 2017, Peter McKay and Andrei Baronov were promoted to the company's Co-CEO roles. In late 2018, Andrei Baronov was promoted to CEO.[17]

On January 9, 2020, Insight Partners announced that they would purchase Veeam in a $5 billion deal and move the company to the US.[18]

On 22 July 2020, It has been reported that Gartner, Inc. has placed Veeam Software in the 2020 Magic Quadrant for Data Center Backup and Recovery Solutions Leaders.[19]

In 2020, Veeam appointed Bill Largent, prior Chairman of the Board, as CEO and Chairman.[20]

The company has a number of international offices, including regional headquarters for EMEA in Paris, France, for the Americas in Columbus, Ohio, for the Middle East in Dubai and for the Asia-Pacific region in Sydney, Australia.[21]


In 2008, with 10 employees, the company released Veeam Backup & Replication, a tool that provided VMware vSphere VMs with incremental backups and image-based replication, with built-in data deduplication and compression.[22] Veeam Backup & Replication started supporting Microsoft Hyper-V in 2012.[23]

In 2015, the company extended its product line with a free backup utility for physical endpoints — Veeam Endpoint Backup FREE; it supports PCs running 32- and 64-bit versions of Microsoft Windows OS and integrates with Veeam Backup & Replication.[24] In the same year, it released Veeam FastSCP for Microsoft Azure, a tool for copying files between on-premises and Microsoft Azure VMs.[25]

In 2016, it launched Veeam Backup for Microsoft Office 365, for backing up Office 365 Exchange servers,[26] and Veeam Availability Orchestrator, a multi-hypervisor disaster recovery orchestration software with documenting, testing and reporting capabilities.[27]

In 2017, it introduced three new products: Veeam Agent for Microsoft Windows (successor to Endpoint Backup) and Veeam Agent for Linux — for physical workload data protection with various backup/restore scenarios including cloud,[28] and Veeam Availability Console — a free tool for managing Veeam-powered data protection and disaster recovery in distributed infrastructures and enabling BaaS and DRaaS services delivered through service providers.[29]

In 2020, Veeam announced 16 major releases. This includes Veeam Backup & Replication™ v10, Veeam ONE™ v10, Veeam Backup for Nutanix AHV v2, Veeam Service Provider Console v4, Veeam Backup for Microsoft Azure v1, Veeam Availability Orchestrator v3, Veeam Backup for Microsoft Office 365 v5 and Veeam Backup for AWS v3.


In 2008, the company acquired nworks to further integrate VMware management with Microsoft and Hewlett-Packard enterprise system management platforms.[30]

This resulted in two new products:[30]

  • Veeam nworks Management Pack for VMware to directly integrate VMware management into Microsoft System Center Operations Manager.
  • Veeam nworks Smart Plug-In for VMware to directly integrate VMware management into HP OpenView.

In 2012, both products were renamed to Veeam Management Pack and Veeam Smart Plug-In, omitting the word "nworks."

In 2017, Veeam acquired N2WS, a company providing cloud-native enterprise-grade backup and disaster recovery solutions for Amazon Web Services (AWS).[31] In 2019, Veeam sold N2WS back to its original founders after discussions with the US Government. [32]

In 2020, Veeam acquired Kasten, a market leader in backup and disaster recovery solutions for Kubernetes.[33]


  1. ^ a b Ghosh, Carrie (29 January 2020). "Columbus one of two choices for $5B cloud tech company headquarters". Retrieved 3 September 2021.
  2. ^ "Veeam Company Profile". Owler. Retrieved 3 September 2021.
  3. ^ "Veeam Company profile". Craft. Retrieved 26 September 2019.
  4. ^ Mellor, Chris (23 May 2013). "Backup bods Veeam quietly gobbling up ever-greater market share". The Register.
  5. ^ Rogers, Bruce (7 January 2014). "Is Veeam The Next $Billion Virtualization and Cloud Software Company?". Forbes.
  6. ^ "Official company registry for Veeam Software AG in Baar, Zug, Switzerland". State of Zug. Archived from the original on 2014-11-09. Retrieved 2015-01-08.
  7. ^ "What's the meaning of "veeam"?". Veeam R&D forums. Veeam. 2015-08-17. Retrieved 2021-03-17.
  8. ^ Sramana Mitra (August 22, 2014). "Unicorn in the Making: Veeam CEO Ratmir Timashev". One Million by One Million. Retrieved November 22, 2015.
  9. ^ "Aelita buyout closes". Columbus Business First. 18 March 2004.
  10. ^ Rusli, Evelyn M. (2 July 2012). "Dell Acquires Quest". The New York Times.
  11. ^ Miller, Ron. "Confirmed: Dell sells software division to Francisco Partners and Elliott Management". TechCrunch. Retrieved 2017-12-19.
  12. ^ "Release: Veeam ONE 1.0". September 7, 2010. Retrieved November 16, 2015.
  13. ^ David, Davis (27 January 2009). "The top 10 free VMware tools of 2008". Tech Target. Tech Target. Retrieved 5 May 2021.{{cite web}}: CS1 maint: url-status (link)
  14. ^ "Veeam Backup and Replication: An evaluation". SearchVMware. Retrieved 2021-05-05.
  15. ^ Buffington, Jason (6 October 2014). "Could VeeamON be the next MMS?". Enterprise Strategy Group.
  16. ^ "Veeam Appoints New President And CEO | - Storage Reviews". 2016-06-28. Retrieved 2018-05-14.{{cite web}}: CS1 maint: url-status (link)
  17. ^ "Co-CEO Peter McKay Leaving Veeam in Executive Restructuring". 2018-10-30.
  18. ^ Cai, Kenrick. "Insight Partners Says It Will Buy Cloud Company Veeam In $5 Billion Deal, Move Headquarters To U.S." Forbes. Retrieved 2020-01-09.
  19. ^ "Veeam Named a Leader and Positioned Highest in Ability to Execute in the Gartner 2020 Magic Quadrant for Data Center Backup and Recovery Solutions". businesswire. 22 July 2020. Retrieved 18 August 2020.
  20. ^ "Insight Partners to Acquire Swiss Cloud Data Management Leader Veeam in a Transaction Valued at Approximately US$5 Billion". Veeam Software. 2020-01-09. Retrieved 2021-05-03.{{cite web}}: CS1 maint: url-status (link)
  21. ^ "Veeam Software - contacts". Veeam Software. Retrieved 2021-05-05.
  22. ^ "Release: Veeam Backup 1.0". March 3, 2008. Retrieved November 16, 2015.
  23. ^ Sander Martijn (December 1, 2011). "Veeam Backup & Replication v6 released". VMGuru. Retrieved November 16, 2015.
  24. ^ Mellor, Chris (15 June 2015). "Veeam-ing all the way to the bank: No IPO for these VM replicants". The Register.
  25. ^ Adam Armstrong (6 May 2015). "Veeam Introduces FastSCP For Azure & Management Pack v8 For System Center". StorageReview.{{cite web}}: CS1 maint: url-status (link)
  26. ^ "With Microsoft Office 365 backup, Veeam breaks into new market". Searchdatabackup Techtarget. 10 November 2016.
  27. ^ "What is Veeam Availability Orchestrator? | ESX Virtualization". ESX Virtualization. 2018-03-02. Retrieved 2018-05-14.
  28. ^ "Touching the physical world: Veeam Agents for Windows & Linux". Running System. 3 March 2017.
  29. ^ "Veeam Availability Console offers multi-tenant environment management". TechGenix. 2017-12-14. Retrieved 2018-05-14.
  30. ^ a b Dubie, Denise (June 24, 2008). "Virtual server management marriage: Veeam acquires Nworks". Network World. IDG Communications. Retrieved March 3, 2021.
  31. ^ "Veeam acquisition of N2WS enhances cloud protection". TechTarget. 16 January 2018. Retrieved 2018-05-14.
  32. ^ "Veeam cloud backup sells back N2WS, adding AWS and Azure products". TechTarget. 1 November 2019.
  33. ^ Adshead, Antony (6 October 2020). "Veeam buys Kasten to get a boost in Kubernetes backup".{{cite web}}: CS1 maint: url-status (link)

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