Veeam Grew 30% for First Six Months of 2014

Veeam Software, Inc. released Q2 2014 results, reporting overall growth of 30% for the first half of 2014 over the corresponding period last year.

The second quarter of 2014 marks 26th consecutive quarter in which quarterly total bookings revenue has experienced double-digit percentage growth over the same period during the previous year.

With more than 111,500 customers, Veeam now protects over 6.5 million VMs around the world.

“Enterprise IT’s growing demand for 24/7 business operations continues to fuel Veeam’s growth and increased market share,” said Ratmir Timashev, CEO, Veeam. “The second quarter capped a solid first half of the year for Veeam with strong revenue growth, several new product announcements, and consistent growth of our partner ecosystem. As we enter the second half of 2014, we anticipate a continued growth trajectory as a result of the availability of the new Veeam Availability Suite v8 and our ability to continuously innovate and execute in response to the new era of data center challenges our customers are facing. In conjunction with virtualization, the cloud and other enabling technologies, the new Veeam Availability Suite will further enhance the ability of our customers to achieve a complete modern data center and ensure their critical applications remain always on from any place, at any time, on any device.”

Additional highlights of Q2 2014 include:
Veeam Cloud Provider (VCP) Program experienced 112% growth in 1H 2014, compared to 1H 2013. Veeam Cloud Connect, part of the new Veeam Availability Suite v8, was announced in Q2. Veeam Cloud Connect gives service providers a direct pipeline to benefit from the Veeam ecosystem. Customers receive an integrated, secure and efficient means to move backups to an offsite backup repository managed by the service provider of their choice, but without the upfront capital investment of an offsite infrastructure. Veeam added two new VCP rental aggregators in Q2: Licencias OnLine (LATAM) and MONT (CIS and Russia).

New Product Announcements:

Veeam Management Pack (MP) v7 for System Center is available. It adds Hyper-V support, providing app-to-metal visibility within Microsoft System Center for both the Hyper-V and vSphere layers to proactively monitor and alert IT of issues before they affect operations.
Veeam Availability Suite (available Q4 2014) ensures all applications and data are accessible at any time and from anywhere. In this way, Veeam is pioneering a solution category that does what legacy data protection and backup systems could’nt do: provide recovery time and point objectives (RTPO) of less than 15 minutes for all applications and data, enabling the Always-On Business.

Customer Growth
More than 11,000 new customers were added in Q2, with total paid customers now surpassing 111,500.

This customer momentum has also led to Veeam’s first event, VeeamON: The World’s Premier Data Center Availability Event, taking place October 6-8, 2014 at the Cosmopolitan in Las Vegas, NV. The company will bring together experts, customers and partners who will learn about enabling the Always-On Business.

Veeam received more than 10 industry honors during Q2 2014, including:

2014 Storage Magazine/SearchStorage.com Quality Awards: Veeam Backup & Replication racked up stellar scores among midrange products in Storage Magazine‘s ninth annual Quality Awards when the readers selected Veeam as the top application. The Storage Magazine/SearchStorage.com Quality Awards are designed to identify and recognize products that have proven their quality and reliability in actual use.
NetworkWorld Asia’s (NWA) Information Management Awards: Veeam was voted the Most Promising Data Management Solution at this years’ NetworkWorld Asia’s (NWA) Information Management Awards in Singapore. This annual awards program acknowledges leaders in Asia for advancements made in Information security, storage and data management.
2014 European Gold ‘Rising Star’ Award from the Global Technology Distribution Council: Veeam was named a 2014 Gold Rising Star Award winner in Europe by the Global Technology Distribution Council (GTDC). Recognized during the GTDC European Vendor Summit, the awards cite outstanding sales growth of corresponding companies through their GTDC member distributors.
2014 VirtualizationAdmin.com Readers’ Choice Awards: Veeam Backup & Replication was selected the winner in the Backup & Recovery category of the VirtualizationAdmin.com Readers’ Choice Awards. It received 35% of the overall vote, with the closest competitor finishing with just 17%.

Veeam received recognition from Gartner in Q2 2014
For the second consecutive year, Veeam was positioned by Gartner, Inc. in the Visionaries quadrant of the Magic Quadrant for Enterprise Backup Software and Integrated Appliances.

Founded in 2006, Veeam currently has 25,000 ProPartners and more than 111,500 customers worldwide.

HQs are located in Baar, Switzerland, and the company has offices throughout the world.