Veeam: Bookings Revenue Up 41% From 3Q12 to 3Q13

Veeam Software, Inc. announced record results for Q3 2013, continuing its expansion in all major global markets as the company drives toward its goal of $1 billion in revenue within five years.

Total bookings revenue increased 41% in Q3 13 compared to the same period in 2012, and new license bookings revenue grew 36% over the same period. Total bookings growth increased 60% year-over-year for the first three quarters of 2013. This also marks the 29th consecutive quarter of revenue growth for Veeam.

With customers in 175 countries worldwide, it saw particularly strong growth in the large enterprise market segment in EMEA: from Q3 12 to Q3 13, the Northern EMEA region posted 227% growth; Southern EMEA saw 95% growth and Eastern Europe and MEA experienced 223% growth.

“The success of the recent release of Veeam Backup & Replication v7 once again raised the standard for modern data protection for enterprise customers. This well-earned reputation for constant innovation has made us one of the fastest growing software companies in the world,” said Ratmir Timashev, CEO, Veeam. “In fact, we feel so strongly about the value and capabilities of our solutions that this quarter, we have rolled out a new ‘Upgrade Your Backup’ competitive replacement (available only in North America) program that enables IT organizations to put Veeam in their modern datacenter for the same price as – or often much less than – the annual renewal cost of their existing legacy backup solution.”

Veeam received industry honors during Q3 13, including:

VMworld 2013: Best of Breed, Best Backup and Data Protection Award from Virtualization Review for Backup & Replication.
2013 Australian Reseller News Specialist Vendor of the Year – for the second consecutive year.

Additional highlights of Q3 13 include:

Backup & Replication v7: Veeam launched a new version of its software. The release introduced two innovations – Built-in WAN acceleration and backup from storage snapshots – as well as 7 market-changing features and 75+ other new enhancements, taking modern data protection to the next level.
Customer Growth: Added close to 7,500 new customers, totaling over 80,000 paid customers.
New Partner Margins and Growth: Increased incentives in its ProPartner Program provided more margin for resellers and enabled to expand its worldwide partner base to more than 20,000 ProPartners.