63% Revenue Growth for Nakivo From 2Q20 to 3Q20

NAKIVO Inc. revealed its 3Q20 results.

Revenue
Revenue grew by 63% worldwide, in comparison to 2Q20.

Of the total revenue, 53% came from the EMEA region, 38% from the Americas, and 8% from the AsiaPac region. The highest producers of revenue in were the United States, France, and Spain.

Revenue grew more than 100% Q/Q in Peru, Nepal, Norway, Portugal, Ecuador, Luxembourg, Mexico, Puerto Rico, Romania, Bulgaria, Vietnam, Sri Lanka, France, Turkey, Croatia, Denmark, Singapore, Indonesia, Spain, and Slovakia.

Customers
Currently, the company has over 16,000 paid customers in 148 countries.

The number of new customers grew by 32% in the EMEA region, by 29% in the AsiaPac region, and by 23% in the Americas. For the first time, customers from Togo, Cameroon, and Montenegro purchased company’s solution. Enterprises are continuing to select its Backup & Replicationas their data protection solution, with new deployments growing by 149% in 3Q20 vs. 2Q20.

A sample of customers in 3Q20 includes L3Harris Technologies, Old Mutual, National Oceanic and Atmospheric Administration, Konrad-Zuse-Zentrum für Informationstechnik Berlin, Alabama Department of Public Health, City and County of Honolulu.

Some examples of customer success stories in 3Q20 include SIAM, HAM Precision, and Nutrition Smart.

Technology Partners
In 3Q20, NAKIVO delivered its solutions via technology partners, as more enterprises and SMBs chose to install Backup & Replication on partner hardware. Particularly, Asustor NAS installations grew by 41% in 3Q20 vs. 3Q19.

Solution Partners
Currently, the firm has approximately 5,600 software solution providers as partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac. In 3Q20, 282 new solution providers joined the its Partner Program and now offer its products to their enterprise and SMB customers.

Managed Service Providers
Company’s Managed Service Provider Program enables managed service, cloud, and hosting providers to deliver VM backup as a service, VM replication as a service, and VM disaster recovery as a service for their customers. In 3Q20, the number of managed service providers grew by 22% vs. 3Q19 and for the first time, managed service providers from Bahamas, Maldives, French Polynesia, Bermuda, and Lichtenstein.

“NAKIVO is leading the cloud and virtualization data protection revolution, proven by our strong Q3 results,” said CEO Bruce Talley. “In 3Q20, we introduced backup to Wasabi, vSphere 7 support, and full physical to virtual recovery. Businesses need to easily protect their data and rapidly recover when needed, to deliver great experiences for their customers, employees, and partners. We are the next generation data protection authority, helping our customers solve challenges and capitalize on the immense opportunities of cloud and virtualized computing.”

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Success stories