Nakivo Gained 46% More Revenue Worldwide in 1Q18 Vs. 1Q17

NAKIVO Inc. announced their Q1 2018 results.

Revenue: In Q1 2018, the company gained 46% more revenue worldwide vs. Q1 2017, with revenue in the EMEA region growing by 72%. More than a half of the revenue (58%) came from the EMEA region, 30% came from the Americas, and 11% came from the AsiaPac region. The three countries producing the most revenue in Q1 2018 were the United States, Germany, and Italy. The firm experienced Q/Q revenue growth of more than 100% in South Africa, South Korea, Turkey, Bulgaria, Mali, Ethiopia, Brazil, Hong Kong, Canada, Portugal, and Thailand.

Customers: In Q1 2018, most of new customers came from the EMEA region (71%), while 22% came from the Americas, and 7% came from the AsiaPac region. As of Q1 2018, the vendor has customers in 111 countries worldwide and has expanded into St. Maarten, the Dominican Republic, the Solomon Islands, Tonga, Angola, Oman, and Morocco for the first time.

Solution Partners: The company has increased the number of their solution provider partners by 51% in Q1 2018 vs. Q1 2017. In Q1 2018, 299 new solution providers joined the NAKIVO Partner Program and now offer firm’s products to their enterprise and SMB customers. NAKIVO now has over 2,600 software solution providers as Partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac region. Solution Partners from Mali, Uganda, Angola, Curacao, Afghanistan, and Montenegro have joined the NAKIVO Partner Program for the first time.

Cloud Providers: Firm’s Cloud Provider Program enables managed service, cloud, and hosting providers to deliver VM Backup-as-a-Service (BaaS), VM Replication-as-a-Service (RaaS), and VM Disaster-Recovery-as-a-Service (DRaaS) to their customers using NAKIVO Backup & Replication. In Q1 2018, the company has increased the number of qualified Cloud Providers to 195.

“We are pleased with our results and steady growth rate in Q1 2018, as more new customers, solution partners, and cloud providers adopt NAKIVO Backup & Replication globally,” said Bruce Talley, CEO and co-founder. “Our objective is to provide the best functionality, usability, and reliability for SMBs as well as enterprises with our outstanding products. At the beginning of Q2 2018, with the introduction of NAKIVO Backup & Replication v7.4, which includes a series of new features, we aim to gain even more business.”

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