Veeam acquires Object First

JANUARY 10, 2026

Veeam (Insight Partners) acquires Object First

TARGET

Object First makes the Ootbi immutable backup storage appliance, purpose-built for Veeam, sold to enterprises seeking ransomware-proof on-premises data protection.

Ownership	Founder-owned
Capital raised	$12.5M
Headcount	270 FTEs
Headquarters	Beverly, Massachusetts
Leadership	David Bennett, CEO
Sell-side advisor	—

ACQUIRER

Veeam

Data backup and recovery software company

Ownership	PE-backed
Parent	Insight Partners
Investors	Insight Partners, TPG, Temasek, Neuberger Berman Capital Solutions
Capital raised	$3.19B
Headcount	6,100 FTEs
Headquarters	Seattle, Washington
Leadership	Anand Eswaran, Chief Executive Officer
Buy-side advisor	—

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Veeam -> Object First  (2026-09-11)
strategic_acquisition | DevTools/Infrastructure | announced
Target: Object First makes the Ootbi immutable backup storage appliance, purpose-built for Veeam, sold to enterprises seeking ransomware-proof on-premises data protection.
Website: objectfirst.com | Buyer site: veeam.com
HQ: Beverly, Massachusetts | Ownership: founder-owned | Buyer sponsor: Insight Partners | Buyer ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/veeam-object-first.html

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