45% Revenue Growth for Nakivo in 1Q19 From 1Q18

In 1Q19, NAKIVO, Inc. accomplished the following:

Revenue: It grew its revenue by 45% worldwide as compared to 1Q18, with revenue in the AsiaPac region growing by 54%.

Meanwhile, the company’s total bookings grew by 49% in comparison to 1Q18. 59% of the total revenue came from the EMEA region, while 29% came from the Americas, and 12% came from the AsiaPac region. The United States, Germany, and Italy were the highest producers of revenue in 1Q19.

Revenue grew more than 100% Q/Q in Japan, Pakistan, Ireland, Croatia, Uruguay, Latvia, Indonesia, Nepal, Thailand, South Korea, Cyprus, and Belgium.

Customers: In 1Q19, the number of new customers grew by 47% in the EMEA region, by 41% in the Americas, and by 49% in the AsiaPac region. Overall, the company’s customer base grew by 46% worldwide in comparison to 1Q18. As of present, the company has customers in 132 countries worldwide, and has expanded into Gibraltar, Puerto Rico, and Kazakhstan for the first time.

Some examples of new customers include: Italian General Labour Union, Handel Architects, and Seoul City Gas.

Solution partners: The storage software company has increased their number of solution provider partners by 18% in 1Q19 vs. 1Q18. In 1Q19, 350 new solution providers joined the company’s partner program and now offer firm’s products to their enterprise, as well as SMB customers. It now has approximately 4,000 software solution providers as partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac region.

Solution partners from Afghanistan, Cook Islands, and Paraguay joined for the first time in 1Q19.

Cloud providers: 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 1Q19, NAKIVO increased their number of qualified cloud providers to 272. Cloud providers from Luxembourg, Tunisia, China, Algeria, and Croatia have joined the program for the first time.

“1Q19 brought us significant growth, including a collected revenue growth of 45% and a total bookings growth of 49% worldwide, as we are focused on providing SMBs and enterprises with the best backup and site recovery solutions,” says Bruce Talley, CEO, NAKIVO. “In 2Q19, we aim to introduce v8.5 GA, with support for Nutanix AHV Hypervisor; this product release will enable us to fuel further growth into the remainder of 2019. Nutanix AHV users will get a fast, reliable, and efficient data protection solution to protect their Nutanix AHV environments from data loss threats.“

Customers include also companies such as Coca-Cola, Honda, China Airlines, DHL.