Revenue Growth of 84% in AsiaPac for Nakivo

NAKIVO Inc. announced their 2Q18 results .

In 2Q18, it achieved the following:

• Revenue Bookings: In 2Q18, NAKIVO increased revenue bookings by 43% worldwide vs. 2Q17, with revenue in the AsiaPac region growing by 84%. Exactly half of the revenue bookings (50%) came from the EMEA region, 38% came from the Americas, and 12% came from the AsiaPac region. The United States, Germany, and Italy were again the highest producers of revenue in 2Q18. The company experienced Q/Q revenue growth of more than 100% in South Africa, Australia, Turkey, Greece, Singapore, Latvia, Bulgaria, the British Virgin Islands, Luxembourg, and Serbia.
• Customers: In 2Q18, most of new customers came from the EMEA region (67%), while 23% came from the Americas and 10% came from the AsiaPac region. Overall, the firm experienced Y/Y customer base growth of 49% in 2Q18. As of 2Q18, it has customers in 115 countries worldwide. The company has expanded into Iceland, Mauritius, Suriname, and the Cook Islands for the first time.
• Solution Partners: NAKIVO has increased the number of their solution provider partners by 40% in 2Q18 vs. 2Q17. In 2Q18, 316 new solution providers joined the NAKIVO Partner Program and now offer products to their enterprise as well as SMB customers. The vendor now has approximately 3,000 software solution providers as partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac region. Solution partners from Brunei, Liberia, and Montenegro have joined firm’s Partner Program for the first time.
• Cloud Providers: NAKIVO’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) for their customers using NAKIVO Backup & Replication. In 2Q18, NAKIVO has increased the number of qualified cloud providers to 215. Cloud providers from Zambia, Sri Lanka, South Korea, and Ecuador have joined the Cloud Provider Program for the first time.
• Product Releases: In 2Q18, NAKIVO released Backup & Replication v7.4, which includes automated VM failover for near-instant DR, file recovery to source, self-backup, and other useful features.

“Our positive growth in 2Q18 is proof that NAKIVO Backup & Replication continues to be selected by multiple customers worldwide as their preferred data protection solution. We are grateful to our customers, solution partners, and cloud providers for their continuous support of our products,” says Bruce Talley, CEO and co-founder, NAKIVO. “Our efforts continue to be focused on improving the functionality of our products and developing new features that are needed by our customers.”