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$600 Million in Annual Bookings for Veeam

33% growth Y/Y in 1Q17

Veeam Software, Inc. announced another record quarter, fueled by gains in enterprise and cloud revenues.

During 1Q17, the company recorded a 33% Y/Y increase in total bookings revenue while enterprise new license bookings grew 17% annually.

Cloud revenue enabled by Veeam Cloud and Service Providers (VCSPs) grew 59% Y/Y, helping enterprises transform their operations to deliver 24.7.365 Availability.

It’s no small feat for a company with more than $600 million in annual bookings to deliver 33% growth Y/Y, and I’m enormously proud of our entire team,” said Peter McKay, president and COO, Veeam. “Looking ahead, we expect continued growth for the remainder of this year, fueled by new Veeam product releases, joint product offerings with our Alliances partners, further share gains in enterprise, and Veeam-powered cloud solutions.”

Globally, organizations now recognize they need the 24.7.365 Availability that only Veeam provides. We continue to expand our worldwide Enterprise sales teams to meet that demand, especially in North America and EMEA,” said McKay. “These additions will support our customers’ and partners’ strategic digital transformation initiatives.

Additional highlights from 1Q17 include:

  • DRaaS and BaaS adoption: The Veeam Cloud Business, which provides service providers with ready-made opportunities to offer Disaster Recover-as-a-Service and Backup-as-a-Service, reported 59% Y/Y revenue growth.
  • Enterprise growth and momentum: At the end of 1Q17, Veeam counted 74% of the Fortune 500 and 56% of the Global 2000 as customers. Enterprise new license bookings grew 17% annually,
  • 242,000 customers worldwide: Veeam added close to 12,000 total paid customers in 1Q17, keeping pace with the historical new customer acquisition average of approximately 4,000 per month.
  • 13.9 million VMs protected with Veeam Availability solutions. More than 1 million of these VMs are protected via VCSPs.
  • Partner expansion: 100% commitment to the channel continues to attract new resellers. There are now 47,000 Veeam ProPartners and 15,000 VCSPs globally.
  • Expanded executive team: Jeff Giannetti joined Veeam as VP of North American sales from Cleversafe, where he was SVP of global sales. Previously, hee spent more than 10 years at NetApp where he served as VP of US commercial sales.

 

  • Strengthened Alliances: Veeam 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, providing a one-stop shop for the validated solution. Veeam also launched an integrated Data Protection solution for Cisco HyperFlex, providing a native snapshot capability for the hyperconverged infrastructure offering.
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