Back up a minute: Private equity outfit coughs $5bn for Veeam

Found on The Register on Thursday, 09 January 2020
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Insight Partners – the same private equity house that pumped half a billion dollars into data protection powerhouse Veeam Software earlier this year – is acquiring the firm for an estimated $5bn.

Veeam has boasted of achieving a $1bn annual run rate – referring to a controversial accounting tool that extrapolates current results into future periods, for example by multiplying a quarter's results by 4 – and has in excess of 350,000 customers worldwide.

Inspect the prices to go up.