Veeam acquisition of N2WS enhances cloud protection

Veeam will integrate N2WS technology into the Availability Platform. The companies' research and development teams will work together following Veeam's acquisition of N2WS. Eight months after investing in N2WS, Veeam Software today said it acquired the cloud data protection company for $42.5 million. The all-cash Veeam acquisition is the backup and recovery vendor's first in 10 years. N2WS provides cloud-native, enterprise backup and disaster recovery for Amazon Web Services (AWS) through its Cloud Protection Manager. N2WS was founded in 2012 and released its first product in 2013. It will operate as a stand-alone business, keeping its brand name and becoming "A Veeam Company" while selling Cloud Protection Manager. Veeam disclosed its investment in N2WS in May 2017, and began selling N2WS technology through an OEM deal as part of Veeam Availability for AWS. Peter McKay, Veeam co-CEO and president, said the investment and partnership allowed his company to monitor the N2WS business, use its technology and accelerate Veeam's AWS capabilities.