Veeam moves closer to become $1 bn software company

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Veeam has announced results from Q2 2018, marking its 40th consecutive quarter of double-digit record bookings growth. Veeam delivered 20 per cent growth year-over-year in total bookings in Q2 2018, and kept pace with its average of more than 4,000 new customers each month. Today, Veeam has more than 307,000 customers worldwide.

“According to IDC, Veeam is the leader in both momentum and company performance in the data protection and recovery software market, surpassing and outpacing legacy vendors that cannot meet customer demands for hyper-availability. Veeam has attained this leadership position thanks to our strong relationships with our channel partners, strategic alliances, expertise in understanding customers’ needs and demands, and then addressing them with innovative, powerful and easy-to-use solutions,” said Peter McKay, Co-CEO and President, Veeam.

He added, “It’s an exciting time at Veeam as we enter the second half of the year. We have invested heavily in go-to-market strategies, customer enablement, employees and processes. We are pushing further into the enterprise, all while continuing to strengthen our commitment to our core market segments. Our focus on enabling hyper-availability is unwavering, and customers are responding. We continue to gain marketshare from both traditional players and newcomers attempting to catch up to us and attain profitability, a benchmark Veeam achieved and maintained for more than a decade.”

“In Q2, we unveiled our message around Intelligent Data Management and continuing our leadership position in the hyper-availability market. The APJ growth rate is nearly double the global growth rate YoY, sitting at 38 per cent, which really shows regional momentum. Veeam has placed a significant investment in the APJ region, with an increased focus on HyperGrowth markets, China and Japan. This focus has paid off tremendously with both markets reporting growth of over 100 per cent YoY. We look forward to continuing on this growth trajectory in the second half of 2018 and taking our customers and partners on this exciting journey with us,” said Shaun McLagan, Senior Vice President, APJ, Veeam.

New Veeam customers include University of Nevada Las Vegas (UNLV), WWF-Australia, REWE International AG, Payboost, Gas Metropolitano and Municipio Leon. Veeam Strategic Alliance partnerships are on a triple-digit YoY growth trajectory. Joint opportunities between Veeam and global alliance partners have increased 183 per cent YoY. Veeam has also doubled the number of deals and the amount of revenue generated YoY from joint bookings with Hewlett-Packard Enterprise (HPE), NetApp and Cisco.

Cloud continues to be the fastest growing segment of Veeam, reporting 64 per cent growth YoY. The Veeam Cloud and Service Provider (VCSP) program now includes close to 20,000 partners, with more than 3,500 partners providing BaaS and DRaaS using Veeam Cloud Connect.

High growth and increased contribution from the new subscription products continues to show momentum. Veeam Backup for Microsoft Office 365 subscription sales increased 1,249 per cent YoY. To date, more than 35,000 organisations, representing 4.1 million Microsoft Office 365 mailboxes, have downloaded Veeam Backup for Microsoft Office 365. Agents subscription sales have increased more than 220 per cent YoY.

“IDC’s Semiannual Software Tracker data indicates that Veeam significantly outpaced the total annual growth of the data protection and recovery software market. Traditional backup and data protection software purchases are slowly, but surely shifting to accommodate a range of SaaS applications and cloud infrastructure deployments. By staying focused on the evolution of this market, Veeam has put itself in a unique position to capitalise on the growth of cost-effective solutions for backup and disaster recovery as a service, two key solutions driving purchases in this market,” said Andrew Smith, Senior Research Analyst – Storage Software, IDC.


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