Ratmir Timashev and Andrei Baronov founded Veeam in 2006. The pair had sold their previous IT management software company, Aelita Software Corporation, to Quest Software in 2004, before Dell subsequently acquired Quest. Their name came from the phonetic pronunciation of the letters "VM", as in "virtual machine".
Veeam specializes in the development of backup, disaster recovery and virtualization management software for cloud computing virtualization platforms. The company focuses on products that increase the resistance of virtualized workloads, reduce downtime, and ensure the system availability required by service-level agreements.
Their flagship product, Veeam Availability Suite, combines their backup, restore and replication capabilities with advanced monitoring, reporting and capacity planning functionality. It is positioned to deliver everything customers need to reliably manage VMware vSphere and Microsoft Hyper-V environments. The ultimate goal? The creation of high availability data centers. SafeLogic has supplied Veeam with FIPS 140 validated encryption, paving the way for extreme growth in federal and regulated industries.