Cloud data firm Veeam to buy Securiti AI for $1.73 billion
Veeam Software has agreed to buy data privacy management software maker Securiti AI for about $1.73 billion, in a bid to tap customers seeking to safeguard and manage cloud data used in artificial intelligence applications.
The deal would integrate Securiti AI’s Data Command Center product, used to unify and secure data scattered across multiple cloud services, with Veeam’s backup and recovery software, the companies said on Tuesday.
Veeam aims to better compete with rivals such as Rubrik and Commvault Systems with the acquisition, as cybersecurity incidents surge.
