Veeam: 65% Y/Y Revenue Bookings Growth for 3Q14

Veeam Software, Inc. released highlights of its Q3 2014 results, reporting total revenue bookings growth of 65% compared to the same period last year.

The third quarter of 2014 marks 27th consecutive quarter in which total revenue bookings has experienced double-digit percentage growth over the same quarter during the previous year.
 
“IT has been forced to become strategic now that businesses require 24×7 availability for all applications and data,” said Ratmir Timashev, CEO at Veeam. “To deliver that level of availability, IT is transforming the modern data center by bringing together virtualization, the cloud, and storage technologies so they can provision services and devices faster, strengthen security and control, and reduce operational costs. Veeam’s continued growth illustrates this, and we are seeing steady demand across all geographies and verticals as businesses strive to deliver the application availability users demand.
 
“I am delighted that Veeam Availability Suite v8 is now available, as this addition to Veeam’s award-winning portfolio addresses said BC requirements and enables the Always-On Business. This new release further extends Veeam’s leading position in the new market of Availability for the Modern Data Center and introduces more than 200 new features and enhancements, including Veeam cloud Connect, integration with NetApp and major enhancements in replication and DR. Its release will help accelerate Veeam’s global and enterprise expansion to meet both market share and revenue goals as we close out 2014.”
 
Additional highlights of Q3 2014 include:

Veeam Cloud Provider (VCP) Program

• VCP program grew revenues by 159% in Q3 2014 over Q3 2013. The program also surpassed the 6,000 partner mark.
• Veeam Cloud Connect support: Veeam collaborated with 21 launch partners to provide ‘Day One’ support for the Veeam Cloud Connect functionality in Veeam Availability Suite v8.
• VCP alliances: Veeam released a beta version of a new plug-in for integration with LabTech. It also added Westcon Group (New Zealand) as a new VCP rental aggregator, and formed a technology alliance with NEXTDC in Australia.

Customer Growth

• More than 3,000 new customers each month: Veeam acquired approximately 10,000 new customers in Q3, with total paid customers now surpassing 121,500.
• VeeamON: First event, VeeamON: The World’s Premier Data Center Availability Event, took place in Las Vegas, NV, in early October. It was a success, with more than 1,200 customers, partners, press and analysts in attendance. Plans are already underway for 2015.

Enterprise Strength

• Large footprint: 45% of the 2014 Global 2000 are Veeam customers.
• Rapid growth: The number of new enterprise customers grew 108% year-over-year, while revenue from enterprise customers grew 140% over that same period.