8% Revenue Growth in Americas for Nakivo

Nakivo Inc. announced its 2Q23 financial results and accomplished the following:

Revenue: Company’s revenue in the Americas grew by 8% in 2Q23, in comparison to 2Q22. In 2Q23, of the total revenue, 55% came from the EMEA region, 34% from the Americas, and 11% from the AsiaPac region. The highest-growing producers of revenue in 2Q23 were Madagascar, Brazil, and the United Arab Emirates.

Revenue grew more than 100% Q/Q in Maldives, Macedonia, Finland, Mauritius, Sri Lanka, Estonia, Peru, South Korea, Uruguay, Malaysia, Netherlands, China, Brazil, India, Tanzania, Greece, and others.

Customers: Currently, the company has over 26,000 paid customers in 181 countries. The customer base grew by 13% in 2Q23 vs. 2Q22. The number of new customers grew by 14% in the EMEA region, 15% in the AsiaPac region, and 10% in the Americas. Enterprises continue to choose firm’s Backup & Replication as their preferred data protection solution, with new deployments growing by 14% in 2Q23 over 2Q22.

A sample of customers in 2Q23 includes MVOLA, Lemonsoft, INSA Lyon, EPFL, UCLA Social Science Computing, and the Open University of Sri Lanka.

Examples of customer success stories in 2Q23 are: Clerprem S.p.A. (to help a manufacturing company protect internal critical data), Zambia Daily Mail (to help a media company save bandwidth costs over 3 years), and Lawo AG (to help a broadcast media product company cut costs and time in half).

Technology Partners: In 2Q23, the vendor delivered its solutions via technology partners, as more enterprises and SMBs chose to install Backup & Replication on partner hardware. In particular, TrueNas installations grew by 100% in 2Q23 vs. 2Q22.

Solution Partners: Currently, the firm has over 8,000 software solution providers as partners across the Americas, Europe, Africa, the Middle East, and the AsiaPac region. In 2Q23, 210 new solution providers joined the its Partner Program and offer products to their enterprise and SMB customers. Solution partners from the Faroe Islands joined the Partner Program for the first time.

MSPs: MSP Program enables managed service, cloud, and hosting providers to deliver VM backup as a service (BaaS), VM replication as a service (RaaS), and VM DR as a service (DRaaS) to their customers. In 2Q23, the number of MSPs grew by 33% vs. 2Q22. Managed service providers from Rwanda joined MSP Program for the first time.

“The 2Q23 proved to be another success for Nakivo’s team, especially in the Americas. With the upcoming VMware Explore event in Las Vegas, NE, we aim to strengthen our existing relationships with partners and customers in America, as well as gain potential business, so that 3Q23 results improve even more,” said CEO Bruce Talley. “In 2Q23, we expanded our solution with added data recovery and cybersecurity functionality. We aim to provide our customers with the highest level of security for the different environments.“