Virtualization Technology News and Information
NAKIVO Announces Q3 2017 Results and Revenue Growth of 84%
NAKIVO, Inc., a fast-growing software company for protecting virtualized and cloud environments has announced today its Q3 2017 results.

Customers: In Q3 2017, NAKIVO has acquired 94% more customers worldwide than in Q3 2016. The number of new customers grew by 116% in the EMEA, by 73% in the Americas, and by 29% in the Asia-Pacific region. As of Q3 2017, NAKIVO has customers in 100 countries worldwide and has expanded into Sri Lanka, Ukraine, and Malaysia for the first time.

Revenue: In Q3 2017, the revenue grew by 84% worldwide vs. Q3 2016. Most of the Q3 revenue came from the EMEA region (52%), while 40% came from the Americas, and 8% came from the Asia-Pacific. The top three revenue producing countries were the United States, Germany, and Canada.

Solution Partners: In Q3 2017, 194 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise and SMB customers. NAKIVO now has over 2,100 software solution providers across the Americas, Europe, Africa, Middle-East, and Asia-Pacific.

Cloud Providers: NAKIVO's Cloud Provider Program enables managed services, cloud, and hosting providers to introduce Backup-as-a-Service (BaaS), Replication-as-a-Service (RaaS), and Disaster Recovery-as-a-Service (DRaaS) to their clients. In Q3 2017, NAKIVO has increased the number of qualified Cloud Providers to 162.

Product Releases: In Q3 2017, NAKIVO has released v7.2, which includes support for ASUSTOR NAS servers, as well as instant object recovery and log truncation for Microsoft SQL server, and calendar dashboard.

"In Q3, we experienced strong growth in both customers and revenue, as more SMBs and enterprises switched from outdated legacy VM backup solutions to the newer technology found in NAKIVO Backup & Replication," said Bruce Talley, CEO and co-founder of NAKIVO. "By partnering with ASUSTOR last quarter, our customers can now turn their ASUSTOR NAS systems into high-performance VM backup appliances while also improving VM backup performance by up to 2X."
Published Wednesday, October 18, 2017 10:56 AM by David Marshall
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