Dec 4 (Reuters) - U.S. private equity firm Insight

Partners has sold a $2 billion stake in cloud data company Veeam

Software in a secondary sale valuing the Swiss firm at $15

billion, it said on Wednesday.

Veeam, which provides back up critical information on remote

servers, has tripled its valuation from January 2020, when it

was acquired by Insight Partners for $5 billion.

The transaction was led by TPG with participation

from Temasek, Neuberger Berman Capital Solutions and other

investors.

Insight Partners remains Veeam's largest shareholder.

The deal highlights investor interest in companies providing

critical data infrastructure, as a boom in data-intensive

generative AI technology boosts demand for such services.

Secondary share sales also typically allow early investors

and employees to cash out some of their stock holdings.

As of September, Veeam, which provides backups for Amazon

Web Services and Microsoft Azure, generated

$1.7 billion in annualized recurring revenue, up 18%

year-over-year, the company said.