28% Y/Y Growth for Veeam Software in 2016

Veeam Software, Inc. announced record results for Q4 2016 and FY 2016: 28% Y/Y growth and $607.4 million in total revenue bookings, fueled by accelerated enterprise and cloud revenues which were driven by the need for enterprises of all sizes to ensure they are available 24.7.365 in the hybrid cloud world.

“2016 was a fantastic year for Veeam across the board, driven by users’ insatiable appetite for anytime, anywhere access to data, applications and workloads,” said Peter McKay, president and COO. “As organizations work to digitally transform every aspect of their business, CIOs are quickly coming to realize that these IT investments won’t be worth much if they can’t guarantee that they will be ‘Always-On’. We’ve seen incredible growth in demand for the Veeam Availability Suite from all sectors of the market, but especially from the Fortune 500 and Global 2000.”

Additional highlights from 2016 results include:
    •    Enterprise growth and momentum: At the end of 2016, the firm counted 73% of the Fortune 500 and 56% of the Global 2000 as customers. Enterprise new license bookings grew 57% annually, while the number of new enterprise customers grew 48.6% to 761 over the same period.
    •    230,000 customers worldwide: Veeam added close to 50,000 total paid customers in 2016, keeping pace with the historical average of approximately 4,000 new customers every month.
    •    13.3 million VMs are protected with Veeam Availability solutions, including more than 1 million VMs under VCSP management.
    •    Expansion to 45,000 ProPartners worldwide: Company’s 100% commitment to the channel continues to attract new resellers and VARs to availability solutions.
    •    DRaaS and BaaS: The Veeam Cloud & Service Provider (VCSP) program, which provides service providers with ready-made opportunities to offer Disaster Recover as a Service (DRaaS) and Backup as a Service (BaaS) and to acquire new customers and grow recurring revenue, reported 79% Y/Y revenue growth for FY16. The VCSP program has expanded to more than 14,300 service and cloud providers worldwide, with more than 2,600 of those partners licensed to provide services for Veeam Cloud Connect.

“Thanks to Veeam backup and Veeam Cloud Connect with OffsiteDataSync, we are seeing an 80% reduction in operational load,” said Jason Weinstein, VP, data center operations, Premise Health, a worksite health and patient engagement company in the United States. “By avoiding the backup to tape to backup to disk scenario, our teams now are spending 1/8 of their time on backup. This allows us to focus on other initiatives while saving the equivalent of two full-time employees.”

2016 was an outstanding year for Veeam on many fronts:
    •    The firm announced the next generation of Availability, Veeam Availability Platform for Hybrid Cloud, which provides businesses and enterprises of all sizes with the means to guarantee Availability for the Hybrid Cloud with virtual, physical, and cloud-based workloads.
    •    It released Veeam Availability Suite 9.5, with more than 175 new features specifically designed to deliver enhanced agility and flexibility by ensuring 24.7.365 availability of all workloads and applications no matter where they may reside – on-premises or in the cloud.
    •    Veeam Backup for Microsoft Office 365, launched at the end of November 2016, generated almost 6,000 downloads in just over one month. Of this adoption, close to one-fourth came from commercial and enterprises businesses.
    •    Veeam Endpoint Backup FREE 1.5, the latest version of the solution for backing up Windows-based desktops and laptops, was released March 2016. Since launch, there have been close to 350,000 downloads of the free product.     
   •    Veeam Agent for Linux v1, launched in mid-December, generated 6,400 downloads in the first month of availability. The release of the new Veeam Agent for Windows, built on technology introduced in Veeam Endpoint Backup FREE, is planned for 1Q17 and includes many requested features.
    •    The company secured the ‘Leaders’ position in Gartner’s June 2016 Magic Quadrant for Data Center Backup and Recovery Software, and ranked as the top provider for cloud era availability and protection technology in the Ovum Decision Matrix: Data Availability and Protection Solution for the Cloud Era, 2016-17.
    •    The firm joined the Hewlett Packard Enterprise Complete program. The program adds Veeam solutions to HPE’s price list so that customers can purchase complete HPE and Veeam solutions directly from HPE and its resellers.
    •    Registration opened for VeeamON 2017, a hybrid cloud availability event, which will take place May 16-18, 2017 in New Orleans, LA. Keynote speakers will include Mark Russinovich, CTO for Microsoft Azure, and Sanjay Poonen, COO, customer operations, VMware.
    •    It also expanded and strengthened its executive team as the company continues its journey to becoming a $1 billion company, notably adding Peter McKay as its president and COO and promoting William Largent, previously EVP, as its new CEO.

“Veeam Availability Platform is a game changer,” said Sachin Jain, CIO and CISO, Evalueserve. “By reshaping businesses across verticals, providing ease of recovery and higher availability across different platforms, and being a single point of recovery for organizations.”

“The simplicity and power of Veeam solutions are the driving force behind SingleHop’s substantial growth in cloud-based BC services,” said Jordan Jacobs, VP of products, SingleHop, LLC, provider of on-demand infrastructure and managed cloud services and a platinum VCSP partner. “With the introduction of Veeam Availability Suite 9.5, which SingleHop integrated on the day of Veeam’s release, we don’t expect this momentum to slow anytime soon. Our Virtual Private Cloud customers couldn’t be happier with the unrivaled flexibility and control provided through features like the self-service backup and restore portal.”