Back up a minute: Private equity outfit coughs $5bn for Veeam

Insight Partners – the same private equity house that pumped half a billion dollars into data protection powerhouse Veeam Software earlier this year – is acquiring the firm for an estimated $5bn.

Veeam has boasted of achieving a $1bn annual run rate – referring to a controversial accounting tool that extrapolates current results into future periods, for example by multiplying a quarter's results by 4 – and has in excess of 350,000 customers worldwide.