Veeam Acquires AI Cyber‑resilience Startup Alcion

September 18, 2024

Veeam Software has acquired Alcion, an AI-driven backup and cyber‑resilience startup focused on Microsoft 365 protection, and has appointed Alcion co‑founder Niraj Tolia as Veeam's CTO to lead product strategy for Veeam Data Cloud. The Alcion team (fewer than 50 employees) joins Veeam immediately; financial terms were not disclosed and existing Alcion customers will be offered a path to Veeam Data Cloud.

Buyers
Veeam Software
Targets
Alcion
Industry
Cybersecurity
Location
California, United States
Transaction Type
Buyout

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