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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.

Shein tightens compliance controls after major fines over privacy, discounts, and greenwashing

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Shein, the fast-fashion giant, is overhauling its internal governance after a string of regulatory fines across Europe for data privacy breaches, misleading discounts, and greenwashing, according to company memos, investor letters, and sources familiar with the matter.

In a letter to investors reviewed by Reuters, Executive Chairman Donald Tang said Shein has launched a “Business Integrity Group” to unify compliance, governance, and external affairs functions, while expanding its internal audit capacity to strengthen corporate discipline.

Over the past three months, the company has been fined €150 million ($175 million) in France for data violations, €40 million for deceptive pricing practices, and €1 million in Italy for greenwashing claims. Shein is appealing the largest fine, but faces further scrutiny from an ongoing EU product safety investigation.

The Singapore-headquartered firm — which ships from factories in China to over 150 countries — is also rolling out stricter compliance frameworks in the U.S., Canada, Brazil, and Mexico as part of a global pilot program. Job postings show new audit and risk management roles in Los Angeles to reinforce oversight.

Tang admitted in the August 25 letter that Shein faces “heightened political and regulatory headwinds” in Europe and tariffs in the U.S., which have slowed growth. Coresight Research projects Shein’s U.S. revenue will rise 20.1% in 2025, down sharply from 50% growth this year, while Europe is expected to surpass the U.S. for the first time.

Shein’s compliance revamp follows mounting criticism of its opaque governance, copyright issues, and environmental standards — with a French OECD agency finding it noncompliant with global responsible business guidelines.

Indonesia Suspends TikTok’s Operating Registration Over Data-Sharing Failures

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Indonesia has suspended TikTok’s registration as an electronic systems provider after the company allegedly failed to hand over full data related to its live-streaming feature, according to a statement from the country’s communications and digital ministry on Friday.

The move technically gives authorities the power to restrict access to TikTok—used by over 100 million Indonesians—but as of Friday, Reuters reporters were still able to access the app normally. Officials have not yet clarified whether the suspension will lead to an outright block.

Ministry official Alexander Sabar said the suspension followed concerns that accounts linked to online gambling exploited TikTok’s live-streaming tool during recent national protests, which erupted over lawmakers’ allowances and police brutality from late August through September. TikTok had temporarily suspended its live feature during the unrest, saying it aimed to “keep TikTok a safe and civil space.”

According to Sabar, the government requested TikTok’s traffic, streaming, and monetization data, but the company, owned by China’s ByteDance, did not fully comply, citing internal company procedures. “The communications and digital ministry deemed TikTok to have violated its obligations as a private electronic provider,” Sabar said, explaining that the platform’s registration was therefore suspended.

Under Indonesian law, all registered digital service providers must share certain operational data with the government for oversight purposes or risk being blocked.

In response, a TikTok spokesperson stated that the company respects local laws and is working with authorities to resolve the issue.

The dispute highlights Indonesia’s tightening regulatory scrutiny over global tech platforms, following a broader regional trend toward data sovereignty—governments demanding access to digital companies’ data as a condition for market operation.