Veeam Company Announcement
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@nadnerB I know right..
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@wrx7m said in Veeam Company Announcement:
Damn. That portfolio page is nuts. I saw 6 that we use here, plus several that I use outside of work and I stopped scrolling like 20 screens down.
Veeam and Unitrends are on that list.
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We just got some Licenses for Veeam here, lol.
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A good friend of mine works for veeam in sales, I wonder if this will affect his job.
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@pmoncho In about a month, we'll be moving our last Unitrends client to Datto. We (as a business) completely dislike Unitrends. From their pricing, to their support, to their constant gimicks to get you to "upgrade" and lock in for another three years. Can't stand them......
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@scottalanmiller said in Veeam Company Announcement:
@VoIP_n00b said in Veeam Company Announcement:
Insight Partners already owns Unitrends ...
And SO much else.
You're not kidding!
https://www.insightpartners.com/portfolio/ -
@JasGot said in Veeam Company Announcement:
@scottalanmiller said in Veeam Company Announcement:
@VoIP_n00b said in Veeam Company Announcement:
Insight Partners already owns Unitrends ...
And SO much else.
You're not kidding!
https://www.insightpartners.com/portfolio/I suspect that they don't own all of those companies, just have investments in each of them.
Even at that level, it's still an impressive portfolio.
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@RojoLoco said in Veeam Company Announcement:
A good friend of mine works for veeam in sales, I wonder if this will affect his job.
They'll be fine (if anything I expect them to grow their sales org).
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@StorageNinja said in Veeam Company Announcement:
@RojoLoco said in Veeam Company Announcement:
A good friend of mine works for veeam in sales, I wonder if this will affect his job.
They'll be fine (if anything I expect them to grow their sales org).
Yeah, no one buys a company like that and lays off sales people!
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@scottalanmiller said in Veeam Company Announcement:
Yeah, no one buys a company like that and lays off sales people!
Ehhhhhhh
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Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
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Anytime you buy a "up and coming" storage startup (epecially at fire sale prices), you generally have a lot of B/C sales tallent with hilariously low quota's. You don't necessarily fire them ALL but most of them will not survive in a more mature companies sales org that expects 3 million in sales, not $200K.
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If you buy the company entirely for it's engineering tallent and have a sales org with similar capabilities (Not uncommon in my field). Again, this overlaps a bit with #1.
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If you buy a company for it's IP (sightly different than the last 2). This is normally for litigation reasons and often done as part of a fire sale.
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Your M&A stratagy is to milk existing customers by spiking SnS renewals and cutting sales and support and engineering to the bone. "Sunset stratagy". You do this for under performing stagnent companies to return shareholder value.
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You bought the company purely for physical assets (Land, equipment etc). Normally you wouldn't buy the company in thits case...
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You bought the company entirely for it's Brand (whoever buys ToysRus and rebuilds it will be doing this).
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@StorageNinja said in Veeam Company Announcement:
Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
Yeah, but Google doesn't buy companies like this. Google buys little unheard of things, not market leaders.
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@StorageNinja said in Veeam Company Announcement:
Anytime you buy a "up and coming" storage startup (epecially at fire sale prices), you generally have a lot of B/C sales tallent with hilariously low quota's. You don't necessarily fire them ALL but most of them will not survive in a more mature companies sales org that expects 3 million in sales, not $200K.
Veeam is anything but a startup, though. This is the most advanced and mature product on the market.
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@StorageNinja said in Veeam Company Announcement:
If you buy the company entirely for it's engineering tallent and have a sales org with similar capabilities (Not uncommon in my field). Again, this overlaps a bit with #1.
Getting the massive and highly skilled sales team is actually a big piece of likely why they wanted Veeam. This is a Veeam specialty.
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@StorageNinja said in Veeam Company Announcement:
If you buy a company for it's IP (sightly different than the last 2). This is normally for litigation reasons and often done as part of a fire sale.
Your M&A stratagy is to milk existing customers by spiking SnS renewals and cutting sales and support and engineering to the bone. "Sunset stratagy". You do this for under performing stagnent companies to return shareholder value.
You bought the company purely for physical assets (Land, equipment etc). Normally you wouldn't buy the company in thits case...
You bought the company entirely for it's Brand (whoever buys ToysRus and rebuilds it will be doing this).
Right, no one said that layoffs don't happen. My point was specifically that companies like Veeam... mature market leaders with the top market share, the top tech, the top organization never, ever get bought to be spun down.
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@scottalanmiller said in Veeam Company Announcement:
@StorageNinja said in Veeam Company Announcement:
Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
Yeah, but Google doesn't buy companies like this. Google buys little unheard of things, not market leaders.
Waze was a blatent attempt to stop a competitor to Google Maps.
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@StorageNinja said in Veeam Company Announcement:
@scottalanmiller said in Veeam Company Announcement:
@StorageNinja said in Veeam Company Announcement:
Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
Yeah, but Google doesn't buy companies like this. Google buys little unheard of things, not market leaders.
Waze was a blatent attempt to stop a competitor to Google Maps.
Yes, a tiny nobody competitor by the major player. Completely opposite situation in every way. Veeam wasn't purchased by a competitor, it isn't a minor player.
Also, Waze was not stopped or shut down. It was merged in. It's still going.
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@scottalanmiller said in Veeam Company Announcement:
Waze was a blatent attempt to stop a competitor to Google Maps.
Yes, a tiny nobody competitor by the major player. Completely opposite situation in every way. Veeam wasn't purchased by a competitor, it isn't a minor player.
Also, Waze was not stopped or shut down. It was merged in. It's still going.Ohh I agree this wasn't why Veeam was bought (you are correct) more pointing out situations where companies do buy a company and then take it apart. (Explaining the cases people are complaining about that certainly will not be happening with Veeam).
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@scottalanmiller said in Veeam Company Announcement:
@StorageNinja said in Veeam Company Announcement:
Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
Yeah, but Google doesn't buy companies like this. Google buys little unheard of things, not market leaders.
Ahem, Fitbit
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@nadnerB said in Veeam Company Announcement:
@scottalanmiller said in Veeam Company Announcement:
@StorageNinja said in Veeam Company Announcement:
Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
Yeah, but Google doesn't buy companies like this. Google buys little unheard of things, not market leaders.
Ahem, Fitbit
Fitbit isn't a market leader. It's not tiny, but it's the largest, non-innovative company in the space. It's just a big, but basic, watch builder. They have a big brand name, but they don't lead the market in sales (they are in third, maybe), and they don't build their own tech. Both bigger brands don't just make their own hardware, they make their own processors!
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@scottalanmiller said in Veeam Company Announcement:
@nadnerB said in Veeam Company Announcement:
@scottalanmiller said in Veeam Company Announcement:
@StorageNinja said in Veeam Company Announcement:
Google does all the #$@% time. (Basically to destroy potential competitors). Precog antitrust actions have killed Inbox, and tons of great products.
Yeah, but Google doesn't buy companies like this. Google buys little unheard of things, not market leaders.
Ahem, Fitbit
Fitbit isn't a market leader. It's not tiny, but it's the largest, non-innovative company in the space. It's just a big, but basic, watch builder. They have a big brand name, but they don't lead the market in sales (they are in third, maybe), and they don't build their own tech. Both bigger brands don't just make their own hardware, they make their own processors!
Serious runners use Garmin. Smart watch leaders are apple and samsung.
Google wanted to pay for a device that would generate location data?
