Bookings Revenue Grew 78% in First Half of 2012 for Veeam

Veeam Software Group announced results for the first half of 2012.

Total bookings revenue grew 78% in the first two quarters of 2012 compared to the same period in 2011, and new license bookings revenue increased 70% over the same period.

Support renewal revenue grew faster, at 132% compared to the first half of 2011.
 
"The first half of this year we made important investments in hiring and training personnel to continue building our company and maturing our organization. Those investments lay a strong foundation for success in the second half of the year, and are clearly paying off in terms of customer satisfaction," said Ratmir Timashev, CEO. "Nothing speaks more clearly to the quality of our products and people than support renewals, so triple-digit growth in this area is one indication we’re doing the right things to build our business for the long term."
 
Highlights of the second quarter include:

• Customers – Added more than 6,000 new customers during the quarter, increasing the total number of customers to more than 43,000.
• Awards – Continued its streak during the second quarter.

Wins included:

• Microsoft Management and Virtualization Partner of the Year for 2012, recognized for providing outstanding solutions in management and virtualization.
• Editors’ Choice award at the 2012 Storage Awards sponsored by Storage Magazine.
• Rising Star Silver medal during the European Global Technology Distribution Council Summit
• Winner in the Backup and Recovery category of the VirtualizationAdmin.com Readers’ Choice awards.

Veeam introduced several products during Q2:

• Backup Free Edition for VMware and Hyper-V, bringing the new VeeamZIP capability for ad-hoc backups, Instant File-Level Recovery and more – available at no cost. Backup Free Edition is the successor to Veeam FastSCP, a free utility with more than 150,000 users worldwide.
• Backup & Replication v6.1, offering VeeamZIP functionality and extending patent-pending vPower technology – as well as Instant VM Recovery – to Hyper-V. vPower runs a VM directly from a compressed and deduplicated backup file on regular backup storage.
• Veeam ONE v6, providing monitoring and reporting for VMware and Hyper-V environments. Veeam ONE provides visibility of the virtual infrastructure and delivers the capabilities that matter most to virtualization administrators.