Mergers and Acquisitions, Business continuity, Mergers and Acquisitions, Content

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?
    • Joe Panettieri

      Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.

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