Veritas Technologies Acquires SaaS Backup Software Company Hubstor
Veritas Technologies has acquired backup as as a service provider HubStor. Financial terms of the deal were not disclosed.
This is M&A deal number 38 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
HubStor’s SaaS-based platform provides backup capabilities for Microsoft Office 365, Slack, Box and Google Workspace. HubStor’s technology will integrate into Veritas’ Enterprise Data Services Platform.
According to a Veritas spokesperson, customers will gain the ability to:
- Customize and tailor backup configurations to a more granular level – even down to individual items
- Recover data through a simplified end-user self-service portal
- Comply with data sovereignty requirements with more data center locations globally
- Discover insights with dashboards and reporting on their backup environments
Private equity firm The Carlyle Group acquired Veritas Technologies from Symantec in 2016. Veritas since that time has simplified its partner programs, acquired multiple businesses, and pivoted towards cloud=based data protection services. Still, competition remains hot — ranging from legacy data protection companies to upstart, pure-play cloud businesses.
Backup and Disaster Recovery (BDR): Mergers and Acquisitions
M&A activity in the backup market has been steady to strong. Recent deals involved:
- January 2021: European cloud & email security provider Hornetsecurity acquired Altaro for backup and disaster recovery (BDR) data protection capabilities.
- December 2020: Google Cloud acquired backup & disaster recovery (BDR) company Actifio.
- November 2020: Druva acquired sfApex. Channel partners & MSPs gained Salesforce cloud backup, disaster recovery (BDR) & data migration tools for CRM platform.
- November 2020: Zix acquired CloudAlly. MSP partners gain cloud data backup and recovery (BDR) software for Microsoft 365, Google Workspace & more.
- October 2020: Veeam acquired Kasten, a provider of Kubernetes backup & disaster recovery (BDR) software.
- January 2019: Amazon Web Services (AWS) acquired CloudEndure for cloud backup & disaster recovery (BDR) services. Is data migration from Microsoft Azure and Google Cloud Platform (GCP) to AWS the deal’s primary goal?