Veeam Acquires Data Security Firm Securiti AI for $1.725 Billion to Boost Enterprise AI Data Protection
Summary
Veeam acquires data security firm Securiti AI for $1.725 billion in cash and stock, with founder Rehan Jalil joining as president of security and AI to help enterprises better control and secure their data for AI applications as the deal closes in early December.
Key Points
- Veeam announces acquisition of data security company Securiti AI for $1.725 billion in a cash and stock deal expected to close in early December
- Securiti AI founder Rehan Jalil will join Veeam as president of security and AI, with the acquisition aimed at helping enterprises better control and secure their data for AI applications
- The deal represents part of ongoing consolidation in the data industry as companies seek to improve their data infrastructure to support AI adoption