Kasten has posted near triple-digit growth in its fiscal year 2022 earnings due to the spike in demand for secure Kubernetes deployments.
The outfit bills itself as the fastest-growing business within Veeam. It has expanded its footprint by doubling its headcount and extending its presence in the enterprise space and key vertical markets such as finance, wireless telecom, and the public sector.
Product management Veep Gaurav Rishi said: “Kasten by Veeam had a fantastic year reflecting the growth in demand for backup and disaster recovery tools within containerised environments.”
Tag: Kasten
Veeam snaps up Kasten to protect its containers
Veeam has announced the acquisition of Kubernetes container backup and disaster recovery specialist, Kasten in a deal worth $150 million.
The company said the takeover comes at a time when businesses using containerised workloads continues to rise, with Gartner predicting that 75 percent of enterprises will be running containers in production by 2022.
Veeam CTO Danny Allan said this acquisition represents the natural next stage of the company’s Kubernetes journey.
“Veeam’s acquisition of Kasten is the next step in a strong partnership and shared sense of passion for delivering cloud data management. It represents a testament and critical milestone in our commitment to support our customers’ business transformation to future-ready architectures.”