Revenue Growth of 337% for Nakivo from 2Q13 to 2Q14

NAKIVO Inc. announced another record quarter of growth since launching its Backup & Replication in 2012.

NAKIVO is delivering a new way for customers to backup and replicate their VMware infrastructure onsite, offsite, and to cloud providers with higher performance and better affordability.

Revenue
Compared to Q2 2013, revenue in Q2 2014 has grown by a substantial 337%. Most of the revenue (53%) came from Europe, while 40% came from North America, and 7% came from Latin America, Africa, Middle-East, and Asia. 17% of the Q2 revenue came through the Trade In program, which enabled customers to switch from a competitive VM Backup solution to NAKIVO with free licenses, while paying only for maintenance and support.

Customers
NAKIVO continues to expand its global presence and has grown its customer base to over 3,300 customers across the globe. In Q2, most of the new customers came from Europe (56%), while 42% came from North America, and another 13% came from Latin America, Africa, Middle-East, and Asia. 17% of the customers came through the Trade In program switching from competitor solutions.

Solution Partners
In Q2 2014, the company grew its number of channel of solution providers and has surpassed the 500 solution providers milestone. It now has software solution providers in 55 countries across the Americas, EMEA and AsiaPac.

Cloud Providers
Cloud Provider Program enables managed services, cloud, and hosting providers to introduce Backup-as-a-Service (BaaS), Replication-as-a-Service (RaaS), and DR-as-a-Service (DRaaS) to their clients. In Q2 2014, NAKIVO has increased the number of qualified cloud providers to over 50.

Product Releases
Backup & Replication v4.0 has been released in Q2 adding MS Exchange logs truncation, MS Exchange objects recovery, and VM backup verification. With these new features, enterprise organizations and cloud providers can better protect their virtualized Exchange servers, instantly recover MS Exchange objects (such as emails) directly from compressed and de-duplicated VM backups, and verify that files, application objects, and entire VMs can be recovered from all VM backups.

NAKIVO’s growth rate in the VMware data protection and cloud backup market has been acknowledged by StorageNewsletter. The leading IT media company has named NAKIVO #1 among the top growing storage start-ups and private companies in 2013. Being profitable since founding in 2012, NAKIVO has shown exceptional revenue results throughout 2013 and reported a revenue growth of 800%. This has put NAKIVO on top of the list of the fastest-growing companies in 2013, outpacing all of its competitors.

“NAKIVO’s revenue and customer growth rate continues to be the highest in the VMware data protection and cloud backup industry,” said Bruce Talley, CEO and co-founder, NAKIVO. “In the second half of 2014, cloud service providers, SMBs, and enterprises can count on NAKIVO to expand its cloud backup functionality while continuing to deliver a fast, reliable, and affordable VMware data protection solution.”

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