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Veeam Acquires Securiti AI for $1.73B to Enhance Cloud Data Privacy in AI
Veeams acquisition of Securiti AI for $1.73 billion aims to enhance cloud data privacy and security for users of artificial intelligence, addressing growing concerns in data management.
- On Tuesday, Veeam announced its agreement to acquire Securiti AI for approximately $1.73 billion, targeting enhanced Privacy and Data security in cloud computing environments.
- The acquisition will integrate Securiti AIs Data Command Center, which unifies data across multiple cloud services, with Veeams backup and recovery software to strengthen Information privacy for customers.
- Veeams Chief executive officer emphasized the strategic importance of this acquisition to better compete against rivals in the Software as a service market focused on Artificial intelligence applications.
Why It Matters
This acquisition reflects a significant trend in the technology sector where companies are prioritizing Information privacy and Data security in cloud computing, particularly as the demand for Artificial intelligence solutions grows. Veeams move positions it to better serve customers concerned about safeguarding sensitive data in an increasingly digital landscape.