Veeam: 24% Y/Y Growth in Bookings Revenue for 1Q16

Veeam Software, Inc. announced a 24% year-on-year growth in total bookings revenue for Q1 2016, demonstrating the industry’s growing appetite for Availability.

With 75% Y/Y increase in total bookings revenue from large-sized deals, it demonstrates that enterprises are embracing Veeam’s approach of delivering availability solutions, which enable SLAs for RTPO of less than 15 minutes for all applications and data.

“Backup is broken,” said Ratmir Timashev, CEO, Veeam. “The state of backup is not going to get any better. What’s needed and demanded is Availability. Recent research discovered that 84% of CIOs agree that their organization has an Availability Gap – the gap between what users demand and what IT departments can deliver (*). Veeam continues to help enterprises solve this challenge, and our Q1 results show that demand for Veeam Availability solutions continues to accelerate rapidly and we fully expect this growth to continue at a similar pace for the rest of 2016.“

“We know Availability is central to digital transformation,” said Peter Ruchatz, CMO, Veeam. “All organizations, regardless of industry or size, are turning to technology to improve their performance and overall customer experience. There is no room for complacency in the fast-moving digital world and no excuses for downtime. Veeam helps CIOs to lead this change – and challenge – within their organization.“

Veeam continues to see growth in the cloud, especially as the demand for DR as a Service (DRaaS) intensifies. Celebrating its sixth year, the Veeam Cloud & Service Provider (VCSP) program, which offers ready-made opportunities for service providers to acquire new customers and grow recurring revenue, reported an increase of 82% in the number of transactions year-over-year. The VCSP program has grown to more than 11,200 service and cloud providers worldwide, with more than 1,300 of those partners licensed to provide services for Veeam Cloud Connect. Veeam managed backup portal for service providers, made available in Q1, is another addition to Veeam’s portfolio of cloud-focused offerings, complementing Veeam Cloud Connect which offers a multi-tenant secure platform to deliver Backup-as-a-Service (BaaS) and DRaaS by Veeam’s network of service providers.

Additional highlights from Q1 2016 include:

• 193,000 customers worldwide: Veeam added close to 11,000 total paid customers in Q1 2016, consistent with a historical average of approximately 3,500 new customers each month.
• Ten million VMs are protected with Veeam Availability Solutions.
• Expansion to 39,000 ProPartners worldwide: Veeam’s commitment to the channel continues to attract resellers and VARs to availability solutions.
• Hyper-V new license bookings: 34% growth over the same period during the previous year.
• World Availability Day: In response to changing user demands for the Always-On Enterprise and to educate the market that backup alone is no longer enough, Veeam celebrated the second World Availability Day on March 30.
  

“It’s pretty clear that Veeam brings the best software technology in this space to the market. What a lot of people might not know is that Veeam supports cloud service providers with a team of sales and technical professionals,” said Will Baccich, CEO Global Data Vault, LLC, a Gold VCSP partner. “That high level of support is unlike anything we’ve had the opportunity to work with previously. Veeam has helped us grow our cloud-based DRaaS business rapidly, while maintaining 100% reliable quality for our customers.“

“We have combined Veeam Availability Suite and our own cloud resources to create ReVirt, a unique service for BC. With Veeam, we can offer a market-leading solution that closes the availability gap and at the same time make our DR as a Service (DRaaS) product affordable for organizations of all sizes,” said Gregor Frimodt-Møller, CEO, Any.Cloud A/S, a Gold VCSP partner.

“Veeam is an enterprise-grade, scalable solution that supports our business now and will support our business in the future as our client base continues to grow,” said Lee Marshall head of IT, infrastructure and operations, KNEIP Communication S.A., a Veeam customer. “No company wants to risk losing their data. Veeam enables us to provide 100% assurance that our backups and replicas are tested and verified recoverable.“

(*) Veeam Availability Report, 2016