22% Increase in Revenue Bookings for Veeam From 2Q14 to 2Q15

Veeam Software, Inc. announced highlights of its Q2 2015 results, including a 22% increase in total revenue bookings over the same period last year.

In addition, it reports a 64% year-over-year growth in revenue specifically from enterprise customers, with 70% of Fortune 500 and 48% of the Global 2000 now Veeam customers.

For the third consecutive year, Veeam has been included in the visionaries quadrant of the 2015 Gartner Magic Quadrant for Enterprise Backup Software and Integrated Appliances.

“Organizations are increasingly making their backup product selection from vendors that offer expanded protection capabilities and techniques in addition to traditional backup software, as organizations have come to understand the value of backing up critical data via multiple methods, techniques and destinations,” writes Dave Russell, VP and distinguished analyst, Pushan Rinnen, research director, and Robert Rhame, research director, in this report.

“We continue to see enterprises migrate from legacy backup to modern data center availability solutions as they begin to realize that backup alone is not enough to meet the expectations of their stakeholders,” said Ratmir Timashev, CEO, Veeam. “During the last quarter we saw strong growth in not just our enterprise business, but we also broke the 150,000 barrier in terms of total number of customers, further indicating that businesses of all sizes are tired of legacy backup and are hungry for next generation availability solutions as delivered by Veeam.”

“Building a modern data center was the most cost-effective way of protecting our intellectual property,” said Andre Bromes, SVP and CIO at Goodwill Industries of Greater New York and Northern New Jersey, Inc., which touches the lives of 95,000 people and places 8,400 individuals in jobs throughout the NYC metropolitan area each year. “Our goal is to ensure our intellectual property is secure and highly available to users 24×7. Our intellectual property is what enables us to deliver all of our services. Veeam not only gave us a way to protect our intellectual property but also a way to maintain the integrity of our data. With Veeam we get the most out of backup, recovery and replication. Veeam transformed IT for us, helping us move from a DR plan to a BC plan.”

Additional highlights from Q2 2015 include:

• New Veeam Availability Suite v9: IT leaders are eagerly anticipating the launch of the new Availability Suite v9 and the capabilities it can deliver – more than 10,000 Veeam users are registered to receive news and feature updates of v9 prior to its availability later this year. In addition, Veeam service provider partners are interested in the new image-based VM replication capabilities being added to Veeam cloud Connect, which will enable them to offer DR as a service, a market estimated to grow from $1.42 billion this year to $11.92 billion in 2020. (DR as a Service Market – Global Forecast to 2020 published by MarketsandMarkets, June 2015)
• Strong growth in cloud: The Veeam Cloud Provider (VCP) program reported an increase of 88% in the number of transactions year-over-year. Veeam now has 8,500 service and cloud providers as part of the VCP program worldwide, including more than 850 service providers licensed to offer services for Veeam Cloud Connect.
• 157,000 customers in 200 countries: Veeam added 11,700 total paid customers, consistent with a historical average of adding approximately 3,500 new customers each month. Veeam’s availability solutions now protect 9.1 million VMs worldwide.
• Hyper-V new license bookings: 26% growth over the same period during the previous year.
• Expansion to 33,000 ProPartners worldwide: Veeam’s commitment to the channel continues to attract new resellers and VARs.
• Employee growth: Veeam now employs 1,860 people worldwide.