Veeam achieves 36 straight quarters of double digit growth and major market share gains from legacy backup providers; Worldwide revenue bookings pace in Q2 ’17 of 27 percent YoY
Veeam Software announced that its solutions to enable any business to deliver the seamless Digital Life experience users expect continue its momentum, with the company overtaking Commvault in market-share and industry leader recognition.
In Gartner’s Backup & Recovery Marketshare Report 2016, Veeam was ranked No. 4 globally with a 27 percent year-over-year (YoY) growth, surpassing legacy backup providers who posted flat or single-digit growth. Similarly, within IDC’s Software Tracker, Data Protection 2016, Veeam was positioned in the top four vendors, once again validating Veeam’s vision and ability to execute is being embraced by customers across the globe. Veeam recently announced record Q2 results globally and as a testimony of India’s market potential, the company’s total bookings revenue for FY 2016 in India grew by 97% percent (YoY).
Testament to Veeam’s momentum are its huge gains during Q2’17:
- 27 percent YoY total bookings revenue growth;
- 53 percent YoY bookings growth on $100K+ deals;
- Reaching a new milestone of 255,000 customers worldwide, maintaining its average of adding more than 4,000 new customers each month;
- Increasing Net Promoter Score (NPS) by 11 points to 73, which is more than twice the industry average;
- Massive customer traction with HPE resell agreements during the first full quarter of the relationship.
“To say that the market is changing would be a mammoth understatement; end-users are becoming more and more demanding, ransomware and other security threats are having major impact on businesses, and business owners are fighting an uphill battle to constantly innovate and deliver seamless services while remaining competitive,” said Peter McKay, Co-CEO and President at Veeam. “Veeam’s vision is clear, and over the past few months, we have seen huge momentum in not only net new customers and year-over-year bookings growth, but also external validation. As enterprises move to the Cloud, we are experiencing a groundswell of interest in our Availability solutions… our results tell that story! During the last quarter, we have raised the bar with many innovations and partnership announcements, and we are just scratching the surface of what we can achieve.”
“Digital transformation in India is driving strong demand for Availability solutions. Additionally, with an increasing number of companies in India ready to adopt cloud solutions, the market for Availability here is poised to grow at an unprecedented rate. These factors are a testimony to our growth in India region. Being the pioneers in the Availability space, we will continue our commitment to enable Always-On enterprise and drive growth.” Said Ashok Acharya, regional director, India and SAARC at Veeam.
During Q2’17, not only did Veeam enjoy phenomenal financial gains and cement its position with leading industry analysts, but it also reaffirmed its standing as the go-to partner for some of the industry’s leading vendors for delivering Availability across the Enterprise:
- Announced at VeeamON 2017, the NEW Extended Veeam ‘Always-On Cloud’ Availability Platform delivers a new Universal Storage API framework adding IBM, Lenovo, and INFINIDAT to Veeam’s ever-growing ecosystem of strategic alliance partners which includes HPE, Cisco, NetApp, Dell EMC and Exagrid. These combined solutions enable users to leverage innovative and powerful 1 + 1 = 3 capabilities dramatically improving ‘Always-On’ Cloud Availability and reducing costs without negatively impacting production;
- Veeam and Pure Storage collaborated on integrating Veeam Backup & Replication with Pure’s Storage and accelerating strategic partnership go-to-market efforts. This integration is planned to be available early next year and will provide businesses with the ability to leverage storage snapshots for significantly improved RPO and reduced infrastructure impact, delivering an even higher return on their IT investments;
- Veeam is the Premier Availability solution provider for Nutanix virtualized environments and will support Nutanix AHV in its flagship Veeam Availability Suite, allowing joint Nutanix and Veeam customers to benefit from an enterprise-class Availability solution. Veeam has also become a Strategic Technology Partner within the Nutanix Elevate Alliance Partner Program, as well as a featured app in the new Nutanix Marketplace;
- The introduction of Veeam for IBM Bluemix provides customers with the ability to backup and protect their workloads running on Bluemix. Veeam Availability Suite for both VMware and Hyper-V allows enterprises to use Veeam to backup their IBM Cloud workloads, but also perform offsite backup and replication to 50+ IBM cloud data centers;
- Through a strategic partnership with N2WS, Veeam Availability for AWS was unveiled; the industry’s first cloud-native, agentless backup, and Availability solution designed to protect and recover AWS applications and data, helping enterprises reliably move to and manage a Multi-Cloud or Hybrid Cloud environment.
With more than 2,800 employees worldwide, Veeam continues to expand its executive team. Key new senior additions to Veeam’s leadership team include Brian Bakstran as Vice President of Americas Marketing and James Mundle as Vice President of Worldwide Channel Programs. Bakstran joins Veeam from NetApp where he held several senior level roles, including VP Americas Marketing, acting Chief Marketing Officer, and most recently, VP Global Field and Channel Marketing. Mundle has been with Veeam for more than a year leading Channel Strategy & Operations in North America. Prior to Veeam, Mundle was VP of Worldwide Channel Sales at Seagate and spent 10 years at Hewlett Packard in several leadership roles.
