Veeam Bookings Revenue Doubling From 2Q12 to 2Q13

Veeam Software, Inc. announced record results for 2Q13, continuing its history of accelerated growth of sales, partners and employees based on data protection solutions.

Total bookings revenue increased 100% in 2Q13 compared to the same period in 2012, and new license bookings revenue grew 96% over the same period. The company is also reporting 299% growth in Veeam Backup & Replication for Hyper-V business in the second quarter of 2013 compared to the same period in 2012.

"The anticipation of the new Veeam Backup & Replication v7 combined with the acceleration of our backup and replication for Hyper-V business has produced the best quarter in Veeam’s six year history," said Ratmir Timashev, CEO of Veeam. "The combined growth of our customers, partners and employees has made the addition of Peter Ruchatz as CMO a much needed appointment. His proven record in developing successful global technology product marketing and branding programs that scale will be an invaluable asset as we continue to gain worldwide market share in modern data protection."

Peter Ruchatz joins Veeam from Salesforce.com where he was VP marketing, EMEA central region. Previously, he spent seven years at Microsoft in field and product-marketing roles, first as business group lead in Germany, followed by five years spearheading business applications marketing for North America, then as global product-marketing lead over go-to-market programs, compete and pricing. Earlier in his career, he spent five years at The Boston Consulting group leading strategy and operational efficiency programs for clients in the technology sector.

He holds a master’s degree in electrical engineering from RWTH Aachen University and a bachelor’s in business administration from Baden-Wuerttemberg Cooperative State University.

Veeam also announced Insight Venture Partners as a new strategic business partner, and as part of this relationship, Insight acquired a minority share. It’s VC and private equity firm in systems management, virtualization and security industries. Insight will use its expertise to guide Veeam in identifying and exploiting new rowth opportunities in the next several years. As part of the agreement, Insight MD, Michael Triplett, will join Veeam’s board of directors. Triplett has been instrumental in investments in more than 20 growing companies.

"Veeam’s growth trajectory really garnered our attention," said Triplett. "Our successful history of working with Timashev and his team at Aelita makes this an exciting business partnership. We’re looking forward to helping Veeam scale and expand globally to achieve prominent goals in both market share and revenue."

Veeam received industry honors during Q2 13 including:

Positioned by Gartner, Inc. in the Visionaries quadrant of the Magic Quadrant for Enterprise Backup/Recovery Software.
Named Best of TechEd 2013 in the Backup and Recovery category. The Best of TechEd awards, co-sponsored by Microsoft and Windows IT Pro, recognize Microsoft partners that offer innovative products and services for the industry.
HP AllianceOne Partner of the Year Award for converged storage at HP Discover in Las Vegas.
Silver in the 2013 Rising Star Award at the European GTDC Summit in Barcelona. The Global Technology Distribution Council represents leading IT distributors over the world.

Additional highlights of Q2 13 include:

Countdown to Veeam Backup & Replication v7: New version of its software, available later this summerwith two innovations – Built-in WAN acceleration and backup from storage snapshots – as well as seven market-changing features and 50 other new enhancements.
Customer Growth: Added over 9,300 new customers, totaling over 73,000 current paid customers.
New Partner Margins and Growth: Increased incentives in its North American ProPartner Program, providing more margin when Veeam is sold alongside approved VMware and Microsoft products, while growing its worldwide partner base to more than 19,000.
New Patents: Veeam was awarded two U.S. Patents for key capabilities in Veeam Backup & Replication for Instant VM Recovery and support for capabilities such as SureBackup, Universal Application Item Recovery (U-AIR), and On-Demand Sandbox. The underlying technology for these patents and capabilities is Veeam’s vPower technology.
Expansion and Growth of Veeam cloud Provider Program (VCP): The VCP program has been expanded with the addition of Veeam Backup Management Suite. The program offers monthly rental and perpetual licensing to meet the needs of hosting, managed service and cloud providers. It has grown to more than 3,000 participants worldwide, with monthly rental by the VM available in more than 70 countries from more than 50 Veeam rental resellers, and perpetual licenses now available from thousands of Veeam resellers.