Veeam Software Group GmbH Due Diligence

Run due diligence on Veeam Software Group GmbH: check compliance and get alerts when suppliers or ownership change.

United States · owned by Insight Partners (United States) · www.veeam.com · 45 vendors

Veeam Software is a global leader in data protection, backup, and recovery solutions, offering cyber resilience capabilities for cloud, virtual, physical, and SaaS environments. The company provides products that help organizations protect data, ensure business continuity, and accelerate secure AI adoption. Veeam serves hundreds of thousands of customers worldwide, including a large share of the Fortune 500.

Resilience scores

Technology vendors

Services catalogue

6 services in catalogue across 4 categories; runs on 45 sub-vendors.

Insights

Last updated 2026-05-05 · revision 11

45 direct vendors, 286 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

4 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

ISO 27001 (source) — No public evidence

NIS2 (source) — No public evidence

Financials

Three-year financials

Financial Resilience Score: 8/10

Veeam demonstrates strong financial resilience, supported by a highly recurring revenue model (over 90% of new bookings are subscription-based) and ARR that has grown consistently in the double digits, reaching approximately US$1.7B in FY2024. The CEO has publicly characterized the company as operating at 'Rule of 60+' levels, implying healthy combined growth and free cash flow margins, which is well above software industry norms. The December 2024 secondary share sale at a ~US$15B valuation (roughly 8–9x ARR) reinforces investor confidence in the company's underlying margin profile and durability. The company benefits from durable demand tailwinds, particularly ransomware threats and growing SaaS/cloud workload protection needs, and holds the #1 global market share position in data replication and protection software per IDC. Its diversified customer base (~550,000 customers, including 77% of the Fortune 500), broad workload coverage, and partner-led go-to-market further insulate revenue from concentration shocks. However, transparency is limited — no audited EBIT, net income, or balance sheet figures are publicly disclosed — which caps confidence in the resilience score. PE ownership by Insight Partners introduces potential leverage considerations that are not publicly visible.

Key strengths: Recurring subscription revenue model (>90% of new bookings), ARR scale of ~US$1.7B with double-digit growth, #1 global market share in data protection (IDC), Diversified customer base (~550,000 customers; 77% of Fortune 500), Ransomware and SaaS-protection demand tailwinds, Reported 'Rule of 60+' performance per CEO, Strong investor backing (Insight Partners, TPG, Temasek, Neuberger Berman)

Risk factors: No audited public financial disclosures (private company), Undisclosed leverage and balance sheet structure under PE ownership, Channel concentration risk (~100% partner-led sales), Strategic dependence on Microsoft/AWS hyperscaler partnerships, Heavy product concentration in data protection/backup category, Exit from Russia/Belarus market in 2022, Workforce reduction of ~300 employees (~5%) in early 2024

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