Insight Partners, a private equity firm, completed the acquisition of Veeam Software, an information technology company that develops backup, disaster recovery and intelligent data management software, from CPPIB for $5bn. "Insight has been a trusted partner since 2013 when they made their first minority-stake investment in Veeam. They are known for taking high-growth international companies and driving their success in the US market, where they can add invaluable resources, support and expertise. Veeam is positioned extremely well in the market and Insight is the right partner to help us achieve the next level of growth for our Act II, evolution into Hybrid Cloud, and the right time starts today," Bill Largent, Veeam CEO.