It is a record-breaking transaction amount for St. Petersburg’s digital industry.
Insight Venture Partners have acquired the international IT company Veeam Software founded in St. Petersburg for $5 billion, a record-breaking sum for the city’s digital industry, RBC reports.
The deal is expected to be closed in the first quarter of 2020.
According to Veeam Software, the deal will help the company improve its position in the US and enter new markets.
Veeam Software specializes on data management and offers information protection and backup services.