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Veeam to Acquire Securiti AI for $1.73 Billion to Strengthen Cloud Data and AI Security

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Veeam Software announced on Tuesday that it will acquire Securiti AI for about $1.73 billion, a major deal aimed at enhancing data protection and governance across cloud and AI applications. The acquisition combines Veeam’s backup and recovery software with Securiti’s Data Command Center, a platform designed to unify, secure, and manage sensitive data spread across multiple cloud environments.

The move positions Veeam to better compete with Rubrik and Commvault Systems, as organizations increasingly demand integrated solutions that address both cybersecurity resilience and AI data governance. With cyberattacks and ransomware incidents on the rise, Veeam aims to strengthen its foothold in the fast-growing market for secure cloud data management.

Following the acquisition, Securiti AI CEO Rehan Jalil will join Veeam as President of Security and AI, reflecting the company’s commitment to embedding data protection more deeply into its products. The deal, expected to close in the fourth quarter, was supported by Morgan Stanley, which advised Securiti AI, while JPMorgan provided financing for Veeam.

Veeam said it will continue to offer Securiti’s flagship Data Command Center while developing new integrated capabilities. The acquisition follows a period of significant valuation growth for Veeam: private equity firm Insight Partners, its largest shareholder, sold a $2 billion stake in 2023, valuing the company at $15 billion, up from its $5 billion acquisition price in 2020.

Veeam’s software is widely used to protect enterprise data from ransomware attacks and accidental loss, offering immutable backups that ensure recovery even when files are encrypted by hackers.

Researchers Warn Privacy Friendly Universe Browser Behaves Like Malware by Keylogging and Disabling Security Tools

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Universe Browser Poses Malware-Like Threat Despite Privacy Claims Devamını Oku

Envoy Air hit by Oracle-linked cyberattack, confirms limited data exposure

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Envoy Air, the largest regional carrier for American Airlines (AAL.O), confirmed on Friday that it was the victim of a cyberattack linked to Oracle (ORCL.N) E-Business Suite vulnerabilities, part of a broader hacking campaign carried out by the CL0P extortion group.

The Texas-based airline said it had launched an internal investigation and contacted law enforcement after discovering the breach, which affected systems connected to Oracle software.

“We have conducted a thorough review of the data at issue and have confirmed no sensitive or customer data was affected,” a company spokesperson said. “A limited amount of business information and commercial contact details may have been compromised.”

Envoy Air operates over 160 aircraft and 875 daily flights for American Airlines. The company is the second confirmed victim of the campaign, which cybersecurity experts say has exploited weaknesses in Oracle’s enterprise systems to infiltrate corporate networks.

The CL0P ransomware group, known for previous high-profile attacks on software providers, claimed responsibility and listed American Airlines on its website as one of the victims, though the airline said questions should be directed to Envoy.

Google’s cybersecurity team said earlier this month that the ongoing campaign may have been active for over three months, resulting in the theft of “mass amounts of customer data” from various organizations. Harvard University also confirmed it was targeted in a similar attack earlier this week.

The breach underscores the growing risks associated with third-party enterprise software, particularly as hackers increasingly exploit widely used business platforms for extortion.