Revenue Growth of 37% in 3Q18 Vs. 3Q17 for Nakivo

NAKIVO, Inc. announces 37% revenue growth worldwide in 3Q18 vs. 3Q17, as the company continues to drive growth in backup and site recovery for VMware, Hyper-V, and Amazon EC2 environments worldwide

In 3Q18, it accomplished the following:

• Revenue: In 3Q18, NAKIVO grew revenue by 37% worldwide vs. 3Q17, with revenue in the AsiaPac region growing by 76%. 53% of the revenue came from the EMEA region, 36% came from the Americas, and 11% came from the AsiaPac region. Once again, the United States, Germany, and Italy were among the highest producers of revenue in 3Q18. NAKIVO experienced Q/Q revenue growth of more than 100% in Estonia, Malta, Ireland, Norway, Bolivia, Japan, Israel, Hungary, Finland, Turkey, Luxemburg, and the Netherlands.
• Customers: In 3Q18, 66% of new customers came from the EMEA region, while 22% came from the Americas, and 12% came from the AsiaPac region. Overall, the company experienced Y/Y worldwide customer base growth of 55% in 3Q18. As of 3Q18, the firm has customers in 118 countries worldwide. Furthermore, the company has expanded into Liberia, Venezuela, and Madagascar for the first time.
• Solution Partners: The company has increased the number of solution provider partners by 39% in 3Q18 vs. 3Q17. In 3Q18, 268 new solution providers joined the NAKIVO Partner Program and now offer products to their enterprise, as well as SMB customers. The firm now has approximately 3,300 software solution providers as partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac region. Solution Partners from Bermuda, Papua New Guinea, Honduras, and Malta joined 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) for their customers that are using NAKIVO Backup & Replication. In 3Q18, NAKIVO increased the number of qualified Cloud Providers to 236. Cloud providers from Fiji, Liberia, and Puerto Rico have joined the Cloud Provider Program for the first time.
• Product Releases: In 3Q18, the firm released NAKIVO Backup & Replication v7.5 with vSphere 6.7 support and cross-platform recovery. Moreover, Backup & Replication v8.0 was released, introducing site recovery functionality.

“3Q18 has been a positive quarter in terms of revenue and customer growth worldwide for our company. In this quarter, we managed to have two product releases that introduced new additions to our product, including cutting-edge site recovery functionality,” says Bruce Talley, CEO. “We now offer our customers an easy way to automate and orchestrate the entire site recovery process.”

Read also:
Revenue Growth of 84% in AsiaPac for Nakivo
In 2Q18 compared to 2Q17
2018.08.07 | Press Release