August 06, 2019

Veeam Tightens Leadership Grip in Cloud Data Management Market with 26% ARR Growth in Q2 2019

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Veeam Software, the leader in Backup solutions that deliver Cloud Data Management, today announced results from Q2 2019. Having recently exceeded $1 billion in annual bookings, joining an elite group of software leaders, Veeam's annual recurring revenue (ARR) increased 26 percent year-over-year (YoY) in Q2 2019, a testament to the success of a unique subscription pricing model introduced earlier this year for all new Veeam products, including new Veeam Availability Suite 9.5 Update 4. Hailed as one of the most important releases in Veeam company history, Veeam Availability Suite U4 is approaching 350,000 downloads since its release in January.

"As we continue to heavily invest in our R&D, sales and marketing, and partner ecosystem, we're seeing increased adoption of Veeam's Subscription licensing among our customers across all regions worldwide," said Ratmir Timashev, Co-Founder and Executive Vice President (EVP) of Sales & Marketing. "Each geography reported growth, which shows that, and as we move into Act II of our evolution - the Hybrid Cloud - it's an exciting time to be at Veeam. Seventy-two percent of organizations are looking to embrace Cloud Data Managementi and are transitioning to cloud strategies. We're excited to support their journey and meet data expectations as the No. 1 player in Cloud Data Management."

"Collaboration with strategic technology partners has never been stronger or in higher demand," Timashev continued. "We expect to make additional partner announcements in 2H 2019 to further feed the demand of our partners to combine Veeam backup and data protection software with industry-leading hardware, storage and hyperconverged solutions. Our new "with Veeam" program, which is receiving overwhelming positive response, is just one strategy of how Veeam will innovate and collaborate with its technology partners to deliver a combined hardware plus software solution to enhance customer choice and flexibility."

Customer, Product and Partner Highlights

  • Veeam Backup for Microsoft Office 365, the fastest growing product in Veeam history, reported 270 percent ARR growth YoY. Veeam Backup for Microsoft Office 365 has now been downloaded by more than 75,000 organizations, representing over 8 million user mailboxes. Veeam released version 3 of the product in early Q2, further solidifying the company's dominance in the Microsoft Office 365 backup market, providing businesses with 30x faster backup, improved security and enhanced customer visibility and analytics.
  • With more than 355,000 customers worldwide, new Veeam customers include Make-A-Wish FoundationMundo CuervoPorsche InformatikVancouver CanucksABMFerrari AgroindustriaSchleswig-Holstein Netz AG, Premier Bank and Ducks Unlimited Canada.
  • The Veeam Cloud & Service Provider (VCSP) program has more than 23,500 partners with 4,100 of those also qualified to provide Cloud Backup & DRaaS using Veeam Cloud Connect.
  • Veeam technology alliance resell agreements with Hewlett Packard Enterprise (HPE), Cisco, NetApp and Lenovo reported 327 percent total transaction growth YoY and 123 percent YoY bookings growth, together completing the overall data management story for global alliance resell partners.
  • Veeam was awarded the HPE 2019 Global Technology Partner of the Year, recognized for excellent financial performance, innovative solutions, and driving meaningful business results for shared customers.
  • Veeam announced the new "with Veeam" program in Q2, partnering with premier enterprise storage vendors to provide customers with comprehensive secondary storage solutions that combine Veeam software with industry-leading storage and HCI infrastructure hardware and management stacks. Solutions have already been announced with ExaGrid and Nutanix with availability planned for 2H 2019.

For more information, visit https://www.veeam.com

 

David Marshall

David Marshall has been involved in the technology industry for over 19 years, and he's been working with virtualization software since 1999. He was able to become an industry expert in virtualization by becoming a pioneer in that field - one of the few people in the industry allowed to work with Alpha stage server virtualization software from industry leaders: VMware (ESX Server), Connectix and Microsoft (Virtual Server).

Through the years, he has invented, marketed and helped launch a number of successful virtualization software companies and products. David holds a BS degree in Finance, an Information Technology Certification, and a number of vendor certifications from Microsoft, CompTia and others. He's also co-authored two published books: "VMware ESX Essentials in the Virtual Data Center" and "Advanced Server Virtualization: VMware and Microsoft Platforms in the Virtual Data Center" and acted as technical editor for two popular Virtualization "For Dummies" books. With his remaining spare time, David founded and operates one of the oldest independent virtualization news blogs, VMblog.com. And co-founded CloudCow.com, a publication dedicated to Cloud Computing. Starting in 2009 and continuing all the way to 2016, David has been honored with the vExpert distinction by VMware for his virtualization evangelism.

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