85% Revenue Growth for Nakivo in 2017 Vs. 2016

NAKIVO Inc. announced its 2017 annual results.

In 2017, it has achieved the following:

Revenue: In 2017, NAKIVO has nearly doubling revenue (85% growth) in 2017 vs. 2016, demonstrating growth in the VMware, Hyper-V, and Amazon EC2 backup markets. Most of the 2017 revenue (53%) came from the EMEA region, while 37% came from the Americas, and 10% from the AsiaPac region. In 2017, the top three countries, in terms of revenue, were United States, Germany, and Italy. It grew revenue more than 100% Y/Y in the Netherlands, Italy, Canada, South Africa, Belgium, Austria, Brazil, Poland, and Ireland.
Customers: In 2017, the number of new customers grew by 103% in the EMEA region, by 62% in the Americas, and by 50% in the AsiaPac region. As of now, the firm has customers in 105 countries worldwide and has expanded into Andorra, French Polynesia, Tunisia, and Bosnia & Herzegovina for the first time.
Some examples of new customers include: The University of Colorado Denver, Boise Cascade, and San Dieguito Union High School District.
Resellers: The company has increased the number of its solution provider partners by 75% from 2016 to 2017. In Q4 2017 alone, 240 new solution providers joined the NAKIVO Partner Program and now offer its products to their enterprise and SMB customers. The vendor now has over 2,300 partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac region. One example of a solution partner is Vodien.
Cloud Providers: NAKIVO’s Cloud Provider Program enables managed service, cloud, and hosting providers to deliver VM Backup-as-a-Service, VM Replication-as-a-Service, and VM Disaster-Recovery-as-a-Service to their customers using NAKIVO Backup & Replication. In 2017, the company increased the number of qualified cloud providers to 181. An example of a hosting and cloud service provider is Phi Medien Systeme GmbH.
Product: In 2017, NAKIVO released the following product versions:• v7.0, featuring support for vSphere 6.5, swap file exclusion, Active Directory integration, and support for Hyper-V 2016 and 2012 (R2).
• v7.1, featuring Hyper-V Failover Cluster Support.
• v7.2, featuring installation on an Asustor NAS, transaction log truncation, and instant object recovery for SQL Server.
• v7.3, featuring support for deduplication appliances, such as NEC HYDRAstor, EMC Data Domain, HP StoreOnce, and Quantum DXi.

“2017 was another huge year for NAKIVO, as we achieved revenue growth of almost 2X,” said Bruce Talley, CEO and co-founder. “The need to ensure BC and to provide 24/7 data availability are making enterprises and SMB’s seek newer technologies from established VM backup solution providers. In order to meet this demand and satisfy future customer needs, we are focused not only on adding new functionality to NAKIVO Backup & Replication, but also on strengthening our relationships with customers, solution partners, and cloud service providers.”