29% Revenue Growth in 2Q22 from 2Q21 for Nakivo

NAKIVO Inc. announced its 2Q22 financial results.

Revenue grew by 29% worldwide in 2Q22 in comparison with 2FQ21.

Revenue:
57% of the total revenue came from the EMEA region, 31% from the Americas, and 12% from the AsiaPac region. The countries delivering the highest revenue growth in were Australia, Latvia, and Portugal.

Revenue grew more than 100% Q/Q in Armenia, Bermuda, Bulgaria, Costa Rica, Curacao, Denmark, French Polynesia, Guatemala, Hungary, Iceland, India, Latvia, Malaysia, Nicaragua, Pakistan, Philippines, Turkey, Vietnam, Ukraine.

Customers:
The company has over 23,000 paid customers in 173 countries. The customer base grew by 19% in 2Q22 over 2Q21. The number of new customers grew by 19% in the EMEA region, by 21% in the AsiaPac region, and by 17% in the Americas. For the first time, the firm gained customers in French Guiana. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 34% in 2Q22 over 2Q21.
2QQ2 2022 includes Zooplus AG, Medicinos Bankas, The Sage Colleges, Agriculture and Food Agency of Taiwan, Cineworld Cinemas Limited, and Calumet.

Some examples of customer success stories in 2Q22 include: Alvear Hotels (NAKIVO Helps a Hotel Chain Save Thousands of dollars), Downies (NAKIVO Delivers Microsoft 365 Backup for a Collectibles Dealer), and Transpek (NAKIVO Helps Chemical Manufacturer Increase Backup Speed by 7x).

Technology Partners:
In 2Q22, NAKIVO delivered its solutions via technology partners, as more enterprises and SMBs chose to install Backup & Replication on partner hardware. Particularly, Netgear NAS installations grew by 195% in 2Q22 vs. 2Q21.

Solution Partners:
Currently, the company has over 7,000 software solution providers as partners across the Americas, Europe, Africa, the Middle East, and the AsiaPac region. In 2Q22, 200 new solution providers joined firm’s Partner Program and now offer its products to their enterprise and SMB customers. For the first time, the company gained partners from Albania and Cote d’Ivoire.

MSPs:
Firm’s MSP Program enables managed service, cloud, and hosting providers to deliver BaaS, VM replication as RaaS, and VM DRaaS to their clients. In 2Q22, the number of MSPs grew by 37% vs. 2Q21. For the first time, the company gained MSP partners in Georgia, Madagascar, Mauritius, and Sri Lanka.

“The 2Q22 proved again to be successful for NAKIVO worldwide,” said CEO Bruce Talley. “In 2Q22, we expanded our functionality with NAS Backup for file share protection and added a new ransomware-resilient deployment option for virtual environments with hardened VA and AMI. Overall, we are focused on offering our customers and partners the most fast, affordable, and top-rated solution for protecting their environments.“

NAS Backup:
Firm’s NAS Backup solution helps boost data protection with fast and efficient backups of entire file shares or specific folders within those shares, located on NAS or Windows/Linux machines. The functionality supports incremental backup, backup copy, granular recovery, and simple scheduling.

Ransomware Recovery:
Company’s ransomware recovery helps organizations minimize data loss and downtime without paying the ransom. By deploying the solution as a hardened AMI, customers can increase their backup data resilience to ransomware. Immutable backups cannot be modified, changed, or deleted by a user or ransomware, thus adding an extra layer of protection.

Resource:
Success Stories