VeeamON 2021: Veeam Enables Organizations to Accelerate Their Data Protection Strategies

Veeam Software, Inc. kicked off its seventh annual user event, VeeamON 2021, delivering an overview of its vision and strategy for advanced data protection solutions for cloud, virtual, SaaS, Kubernetes and physical workloads.

VeeamON 2021 looks back at how Veeam and their ecosystem of partners have endured a challenging year and delivered simple, flexible, reliable and powerful data management and protection solutions to more than 400,000 customers.

Highlights include interactive and inspiring sessions from firm’s team – including CEO Bill Largent, CTO and SVP product strategy Danny Allan, and SVP product management Anton Gostev – as well as guest speakers from the City of New Orleans, Maritz and Nuance.

“Veeam is the largest storage company that’s not making storage or infrastructure, and is by far the #1 pure play data protection vendor on the planet,” said Allan. “We moved more than 100PB of data into our top 3 cloud object storage providers alone in just 1Q21, compared to 242PB in 2020, and we recently surpassed 1 million active Veeam Backup & Replication installations. The movement of data into cloud and expanding cloud data management is accelerating. storage in the cloud is just one of the engines that is driving massive growth at Veeam. And the way we’ve built and evolved our single platform for Modern Data Protection – to be simple, flexible, reliable and powerful – continues our solid reputation of the being the industry standard and providing the highest level of value to customers. Over the next two days, VeeamON attendees will not only hear about how they can leverage our solutions to advance their data protection strategies, but will also see a glimpse into the future. We delivered more than 20 new products and major product updates over the last 18 months, but there is so much more to come.“

Since Veeam was founded more than a decade ago, it has continuously been expanding and strengthening its platform as the market evolves to new environments. Known as good backup solution for vSphere, it has continued to evolve along with market demands by adding solutions for multiple hypervisors, physical systems, SaaS offerings (Office 365), public cloud environments, and most recently, doubling down on modern infrastructure like Kubernetes (with the recent acquisition of Kasten).

Modern Data Protection provides a single platform for data resiliency to protect every workload, access all platforms with a single experience, reduce operational costs, and ensure guaranteed recovery.

The company announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 25% Y/Y for Q1’21 – the thirteenth consecutive quarter of double-digit growth. It highlights strong growth in the enterprise segment with two-thirds of the bookings coming from net new licenses vs. only one-third from renewals.

It continues to release new features and enhancements for enterprise environments, which has resulted in +246% growth Y/Y in large-deal transactions. Contributing to this specific segment growth is 17 new product releases since VeeamON 2020 (12 months ago) that span the ecosystem of cloud, virtual, physical, SaaS and application-specific environments, including Backup & Replication v11. V1 first launched in 2008, and this year V11 of the company’s flagship product was released in 1Q21 with an additional 200 backup, cloud, DR, security and automation enhancements.

With 1 million active Backup & Replication installations, the product is the most widely deployed enterprise backup software in the world – more than several of its competitors combined.

The firm also released Backup for Office 365 v5 at the end of 2020. As the most deployed Office 365 solution in the industry, it has been Veeam’s fastest growing product for the past 2 years, reporting 222% growth Y/Y and downloaded by more than 175,000 organizations with 15 million mailboxes being protected.

Veeam credits its growth to being software-defined, hardware-agnostic, cloud-ready and flexible. In addition to 83 primary storage arrays and 85 secondary storage systems, It has officially validated support for 37 object storage systems, 12 of which are immutable – including support across all 3 hyper-scalers (AWS, Azure and Google Cloud Storage) and available in all 3 respective marketplaces. It boasts more than 1EB of data protected with object storage in the past 2 years.

Recent industry recognition also aligns with Veeam’s growth and momentum. In the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 2H’20⁽¹⁾, Veeam had the fastest revenue growth, both sequentially (21.5%) and Y/Y (17.9%) in 2H’20 among the top 5 vendors, all other vendors combined and overall market average.

Gartner, Inc. positioned Veeam in the Leaders Quadrant of the 2020 Magic Quadrant for Data Center Backup and Recovery Solutions⁽²⁾. Not only does this mark the fourth time Gartner has recognized the software firm as a category leader, but it is the first time it is positioned highest overall in Ability to Execute. It was also the only vendor to move higher in both Ability to Execute and in the Completeness of Vision axis. Additionally, for the first time in company history, it was named to Financial Times‘ Americas Fastest Growing Companies 2021.

“Although our history of solid growth and profitability is unrivaled in the industry, I believe that Veeam will become the #1 industry leader in total revenue within the next 2 years, what I am most proud of is that we helped 400,000+ customers around the world with their Modern Data Protection. Veeam is protecting the data that is powering our global digital economy,” added Allan.

⁽¹⁾ IDC, Semi-Annual Software Tracker, 2H20; Note: Worldwide Data
⁽²⁾ Gartner, Magic Quadrant for Data Center Backup and Recovery Solutions, Santhosh Rao, Nik Simpson, Michael Hoeck, July 20, 2020. Previous titled include Magic Quadrant for Data Center Backup and Recovery Software.