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Acquisitions of Sophos and Veeam By Private Equity Firms Both Close: Page 2 of 2

In the completion of deals announced late last year and early this one, Sophos has been formally acquired by Thoma Bravo and Veeam has been bought by Insight Partners. By Rich Freeman

Baronov and co-founder Ratmir Timashev have stepped down from the vendor’s board of directors. Insight Managing Directors Mike Triplett, Ryan Hinkle, and Ross Devor have joined it, as has Nick Ayers, formerly chief of staff to Vice President Mike Pence.

“Veeam has become the No. 1 market share leader in EMEA over the past decade, where approximately 50% of our current business comes from,” said Allan in a press statement. “With the Insight acquisition completed today and our recent release of the new Veeam Availability Suite v10—the next generation of data protection—we have our sights set on extending that leadership position into the US, where we can leverage the growth opportunity for cloud data management in the enterprise.”

Along with the sale of distributor Tech Data to Apollo Management Group for some $6 billion, which was initiated in November and approved by shareholders last month, the Sophos and Veeam deals are among a recent wave of private equity investments involving substantially larger sums than earlier high-profile acquisitions of channel mainstays like Datto and ConnectWise.

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