Veeam’s Annual Bookings Revenue Grew 124% in 2011

Veeam Software announced results for the fourth quarter and full year of 2011.

For the year 2011, annual bookings revenue grew 124 percent, while new license bookings revenue increased 116 percent. Total bookings revenue grew 94 percent in Q4 of 2011 compared to the same period in 2010, and new license bookings revenue increased 85 percent over that same period.

"Veeam celebrated five years in 2011 with remarkable growth that can be attributed to innovative products, exceptional employees, and strong channel and technology partners," said Ratmir Timashev, Veeam President and CEO. "We increased our market share in data protection and management of VMware and added support for Microsoft Hyper-V with our leading Veeam Backup & Replication v6. Our goals each quarter were set high, but we were able to exceed them all to have the best year in Veeam history."

Veeam highlights in 2011

Products

• Veeam Backup & Replication v6 has taken data protection to the next level and extended support to Microsoft Windows Server Hyper-V. Enhancements include: enterprise scalability, replication, one-click file restore
• Veeam nworks Management Pack and Smart Plug-in v5.7 extends enterprise monitoring to VMware through Microsoft System Center and HP Operations Manager. The solutions now include support for VMware vSphere 5.0, enhanced support for the largest VMware vSphere environments, and 25 new out-of-the box reports from Microsoft System Center Operations Manager’s data warehouse.

Customers
Customer base doubled from 16,000 in 2010 to more than 32,000 in 2011.

Partners
The company has more than 5,000 active ProPartners worldwide and is committed to continued growth and support for its channel network of resellers, distributors and cloud service providers.

Virtualization Awards
It doubled its industry awards in 2011 with 18 in total. Veeam Backup & Replication v6 won Best of VMworld 2011 for New Technology. This is the second year in a row that it has won the Gold award in this category. In addition, its solutions won 17 awards worldwide from numerous publications and organizations.