Veeam: 2Q18 Being 40th Consecutive Quarter of Double-Digit Bookings Growth

Veeam Software, Inc. announced results from 2Q18, marking its 40th consecutive quarter of double-digit record bookings growth.

Veeam delivered 20% growth Y/Y in total bookings in Q2 2018, and kept pace with its average of more than 4,000 new customers each month. Today, it has more than 307,000 customers worldwide.

“According to IDC, Veeam is the leader in both momentum and company performance in the data protection and recovery software market (1), surpassing and outpacing legacy vendors that cannot meet customer demands for hyper-availability,” said Peter McKay, Co-CEO and president, Veeam. “Veeam has attained this leadership position thanks to our strong relationships with our channel partners, strategic alliances, expertise in understanding customers’ needs and demands, and then addressing them with innovative, powerful and easy-to-use solutions.”

“It’s an exciting time at Veeam as we enter the second half of the year,” he continued. “We have invested heavily in go-to-market strategies, customer enablement, employees and processes. We are pushing further into the enterprise, all while continuing to strengthen our commitment to our core market segments. Our focus on enabling hyper-availability is unwavering, and customers are responding. We continue to gain market share from both traditional players and newcomers attempting to catch up to us and attain profitability, a benchmark Veeam achieved and maintained for more than a decade.”

2Q18 Highlights
• With 307,000 customers, representing more than 17.6 million workloads protected with Veeam Availability solutions, the firm continues to average 4,000 new customers each month. New customers include University of Nevada Las Vegas (UNLV), WWF-Australia, REWE International AG, Payboost, Gas Metropolitano and Municipio Leon.
• Veeam Strategic Alliance partnerships are on a triple-digit Y/Y growth trajectory. Joint opportunities between Veeam and global alliance partners have increased 183% Y/Y. The vendor has also doubled the number of deals and the amount of revenue generated Y/Y from joint bookings with Hewlett-Packard Enterprise, NetApp and Cisco. It won the inaugural HPE Momentum Technology Partner of the Year 2018 – Data and Analytics Solutions Award for HA storage and data protection solutions growth and leadership. The award marks Veeam’s recognition within the HPE partner ecosystem and builds momentum for the recent launch of Veeam Hyper-Availability solutions being integrated into HPE’s global supply chain processes and systems. Veeam also announced a new integration between Veeam Availability Platform and Pure Storage FlashArray to deliver BC, agility and intelligence for the modern enterprise. The addition of Veeam snapshot integration for FlashArray, combined with FlashBlade for Rapid Recovery, provides an end-to-end platform that’s simple and future proof.
• Cloud continues to be the fastest growing segment of the firm, reporting 64% growth Y/Y. The Veeam Cloud & Service Provider (VCSP) program now includes close to 20,000 partners, with more than 3,500 partners providing BaaS and DRaaS using Veeam Cloud Connect.
• High growth and increased contribution from the new subscription products continues to show momentum. Veeam Backup for Microsoft Office 365 subscription sales increased 1,249% Y/Y. To date, more than 35,000 organizations, representing 4.1 million Microsoft Office 365 mailboxes, have downloaded Veeam Backup for Microsoft Office 365. Veeam Availability Suite version 9.5 Update 3 enables Veeam Backup & Replication to deploy and manage Veeam Agent for Windows and Veeam Agent for Linux (Veeam Agents) to protect physical, non-virtualized servers and endpoints as well as any public cloud workloads. Agents subscription sales have increased more than 220% Y/Y.
• The company continues to expand its team of more than 3,600 employees around the world. It recently opened a new R&D HQs in Prague, Czech Republic where engineers will work on data management, automation, and hyper-availability technologies. The majority of the 300 new positions will be specialized, high-tech roles and quality assurance positions within Veeam R&D teams.

“IDC’s Semiannual Software Tracker (1) data indicates that Veeam outpaced the total annual growth of the data protection and recovery software market. Traditional backup and data protection software purchases are slowly-but-surely shifting to accommodate a range of SaaS applications and cloud infrastructure deployments. By staying focused on the evolution of this market, Veeam has put itself in a unique position to capitalize on the growth of cost-effective solutions for backup and DR as a service, two key solutions driving purchases in this market,” said Andrew Smith, senior research analyst, storage software, IDC.

“We have a big job to do at WWF-Australia to protect our wildlife and our natural environment. Veeam is so easy to use and remarkably intuitive. It gives us the peace of mind we need to ensure we can do our jobs seamlessly,” said Semir Hasanbegovic, IT manager, WWF-Australia.

“As we started building our new software-defined data centers and looking at our future backup architecture, Veeam immediately became the only choice because it’s simple to deploy and even simpler to manage. Today, our engineers don’t spend as much time managing our backups. We also are looking forward to implementing several of the recent and upcoming enhancements as Veeam continues to help us ensure data availability,” said Elliott Peterson, VP of global IT, HireRight, Inc.

“Veeam is the only solution that can accommodate our massive data growth. Enterprise scalability is what sets Veeam apart,” said Renata Kobylinski, director of hosting and engineering services, Royal Caribbean Cruises Ltd.

“As the sources for acquiring critical data continue to grow in number and complexity, IT professionals are seeking providers who can simplify their data protection and management strategy. Veeam makes it easy to ensure your data will be available whenever and wherever you need it. INAP’s revenue for Veeam-powered backup and DR services has grown over 50% year over year, showcasing not only Veaam’s strength of technology and vision but also their commitment as a valued partner to enterprises and service providers,” said Jennifer Curry, VP, cloud, Internap Corporation.

“It was crucial for a small team like ours to have a reliable, simple and automated hyper-availability solution to be able to focus on our core business. Veeam was the only provider to offer such a level of performance and efficiency,” said Eric Machabert, information systems enterprise architect, Payboost SAS.

“Veeam helps us enormously to meet the increased business demands of increasingly digitally controlled goods flows. We always keep an eye on the state of our virtual infrastructure and ensure that all applications are accessible at all times. In this way, we ensure that the supply to our stores functions reliably and that almost two million customers can make their purchases as usual every day,” said Alexander Tinhof, head of national system administration, REWE International AG.

(1) Source: IDC Worldwide Semiannual Software Tracker in the Data Protection and Recovery Software Market – Final Historical, 2017H2

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2018.04.26 | Press Release