Veeam Software, the
innovative provider of solutions that deliver Availability for the
Always-On Enterprise, today announced highlights of its FY 2015
results, reporting record total bookings revenue of $474 million, a 22
percent increase over the previous fiscal year, and 34 percent
year-over-year revenue growth in enterprise orders. Both Q4 2015 and
annual results once again show that enterprises are embracing Veeam’s
innovative approach of delivering availability solutions, which enable
SLAs (service level agreements) for recovery time and point objectives
(RTPO) of less than 15 minutes for ALL applications and data.
"It's clear from our 2015 results that Veeam has become the standard in
the availability market and that enterprise demand for Veeam
Availability solutions continues to accelerate rapidly," said Ratmir
Timashev, CEO of Veeam. "Our results are in stark contrast with the
declining revenue performance of the largest legacy backup competitors."
Additional 2015 Veeam highlights include the year-over-year revenue
growth below:
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94 percent specifically for Veeam Availability Suite Enterprise Plus
edition;
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54 percent for all editions of Veeam Availability Suite;
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36 percent for the Veeam
Cloud & Service Provider (VCSP) program;
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34 percent year-over-year revenue growth in enterprise orders.
The highly anticipated launch of Veeam
Availability Suite v9, Veeam's biggest
release ever, helped fuel Veeam's growth in the enterprise sector. Veeam
helps meet the demands of CIOs who realize that legacy backup is not
enough to meet the demands of an Always-On Enterprise. With more than
250 new innovative features and enhancements, Veeam Availability Suite
v9 will enable Veeam to continue to grab additional market share in
2016, especially in the enterprise sector.
"With Veeam Availability Suite v9, we fully leveraged our strong history
of innovation to create an availability solution that enables us to
expand into the enterprise sector further than ever before," continued
Timashev. "2015 was a record year for Veeam because we collaborated
closely with our partners, alliances, and customers to deliver
innovative availability solutions that solve real-life business
challenges. We will surpass the half-billion dollar revenue mark in 2016
and fully expect our momentum to continue, carrying us toward our goal
of $1 billion in annual revenue by 2018."
"Veeam has achieved remarkable growth, rising from a start-up in 2007 to
becoming one of the top five data protection software vendors in 2015,"
said Phil Goodwin, Research Director, IDC. "The company's 22 percent
growth rate is substantially higher than the overall market's 6.3
percent CAGR that IDC expects through 2019. Moreover, Veeam has
developed a substantial ecosystem of resellers and integrators around
its DRaaS capability. IDC forecasts the cloud recovery as a service
market overall to grow at a 21.44 percent CAGR over the next five years
and Veeam has positioned itself to be a strong competitor in this
market."
The cloud has also been a massive driver of Veeam's 2015 success,
especially as the demand for Disaster
Recovery as a Service (DRaaS) intensifies. The extended
functionality of Veeam
Cloud Connect for VM replication and the failover capabilities in
Veeam Availability Suite v9 give service providers the ability to
provide their customers with cloud-based DRaaS. The Veeam
Cloud & Service Provider (VCSP) program, which offers ready-made
opportunities for service providers to acquire new customers and grow
recurring revenue, reported an increase of 75 percent in the number of
transactions year-over-year. The VCSP program grew to more than 10,000
service and cloud providers worldwide in 2015, with more than 1,000 of
those partners licensed to provide services for Veeam Cloud Connect.
"Veeam Availability Suite v9's release is a game-changer for the DRaaS
market," said Ian McClarty, President at phoenixNAP, a Veeam Gold VCSP
Provider. "The new Veeam Cloud Connect Replication feature will allow us
to bring true disaster recovery services, with strong SLAs, to
enterprises of all shapes and sizes. Together with its world-class
ProPartner community, we are excited to continue to deliver on Veeam's
promise of enabling the Always-On Enterprise."
During Q4 2015, Veeam also achieved the following:
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Surpassed $1.5 Billion in Lifetime Bookings Revenue: Since the
company first introduced its flagship product Veeam Backup &
Replication in February 2008 (first product in 2007), Veeam has
generated more than $1.5 billion in revenues (without any venture
capital financing);
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Total Bookings Revenue: Veeam reported 55 percent growth in
total bookings revenue in Q4 2015 compared to Q3 2015.
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183,000 customers in 200 countries: Veeam added close to 15,000
total paid customers in Q4 2015. Veeam's availability solutions now
protect 10.6 million virtual machines worldwide.
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Expansion to 37,000 ProPartners
worldwide: Veeam's commitment to the channel continues to
attract new resellers, service providers and VARs.
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Employee growth: Veeam now employs
more than 2,000 people worldwide.
For more information, visit https://www.veeam.com.