40% Y/Y Revenue Growth for Altaro

Altaro Software Ltd, in VM data protection, announced growth milestones over the past 12 months as the company’s customer base exceeded 40,000 customers.

The technology driver behind this success is VM Backup software, designed to meet the needs of SMBs and MSPs. Since the product’s introduction in 2009 by Altaro, the software has gained widespread adoption by SMBs.

According to Gartner, the worldwide server virtualization market has matured with many organizations reporting server virtualization rates that exceed 75%. With upwards of 50 million servers in use worldwide, it is estimated that there are more than one billion VMs deployed. The installed base of VMs presents a market opportunity for backup and recovery solutions geared for virtual infrastructure.

Altaro has enjoyed growth over the past several years, riding on the demand for virtual backup. Announcement highlights the most recent success metrics as the company continues to capture virtual backup market share.

Expanding distribution channel is the first important success to highlight with 7,000 channel partners offering VM Backup as of this announcement. The company’s channel-only business model reinforces its focus on partners, resulting in the rapid adoption of VM Backup across every continent.

As a result, the company has achieved a number of recent milestones: 

• More than 10,000 customers are connected to the company’s Multi-Tenant Cloud Management Console.
• More than 400,000 Hyper-V and VMware VMs are being protected with VM Backup.
• After launching the MSP program; already over 8,000 VMs are backed up every month through the monthly subscription program.
• The company’s growth rate is accelerating, with sales expanding 40% over the same time period last year.

“In our review of products that offer data protection for virtual infrastructure, we found many to be overly complex and priced too high for the small and midsize enterprise. Organizations like ours have shifted away from these options which siphon away the limited IT resources available,” said Brandon Lehman, senior technical support analyst, OMNOVA Solutions Inc. “As a growing business that continues to expand with more information every year, we require a fast, reliable, and affordable solution with the ability to protect Hyper-V enabled servers across multiple locations. VM Backup addresses all of our data protection concerns at an extremely attractive price point.”

“Altaro has enjoyed stellar success over the past 12 months. We attribute this to the company’s engineering and business development professionals who work synergistically in support of Altaro’s mission,” said David Vella, CEO, Altaro. “Together, we are changing the dynamics of data protection in a way that provides real value for SMEs globally.“