As at September, Veeam has generated US$1.7 billion in annualised recurring revenue, with a 18% y-o-y growth rate including 31% y-o-y growth for the software and software-as-a-service subscription business, as well as 30% ebitda margins.
Temasek has participated in a US$2 billion ($2.68 billion) secondary share offering by data firm Veeam Software, in a transaction led by Nasdaq-listed TPG.
US-headquartered Veeam provides data resilience solutions. The transaction values the Insight Partners-owned company at US$15 billion.
