Veeam Software, the leader in Backup solutions that deliver Cloud
Data Management, today announced results from Q1 2019, including obvious
impact from the January launch of
Veeam
Availability Suite 9.5 Update 4, one of the largest and most
anticipated product releases in the history of the company, which is now one of
the largest private software companies in the world.
Veeam reported a 16 percent
increase in total bookings year-over-year (YoY), celebrating more than 343,000
customers, staying consistent with an average of 4,000 new customers each
month. Veeam's Annual Recurring Revenue (ARR) increased 30 percent YoY, a
testament to the success of a new unique subscription pricing model for all new
Veeam products, including new Veeam Availability Suite 9.5 Update
4. Released to the public at the beginning of
Q1, it has more than 200,000 downloads to date.
"In my first full quarter
back at Veeam leading sales and marketing, we focused on core priorities that
brought us clear success, and that will continue to fuel our growth and
validate our leadership position throughout the year," said Ratmir Timashev,
Co-Founder and Executive Vice President (EVP), Worldwide Sales and Marketing.
"We are now focused on an aggressive strategy to help businesses transition to
cloud with best-in-class Backup and Cloud Data Management solutions. IDC has
forecast that 90 percent of organizations will embrace a multi-cloud strategy
within three years, which
provides us a significant growth opportunity to leverage the shift our
customers and partners are making, and ensuring we support them in every aspect
- with the very best products and solutions. This strategy has also fueled our
new Veeam
Instance Licensing (VIL) model, which was created to provide
flexibility to move workloads from on-prem to public cloud and back without an
additional cost. Veeam is the first in the industry to offer this portable,
game-changing license approach for managing multi-cloud environments."
Q1'2019 Customer, Product
and Partner Highlights
- Veeam Availability Suite 9.5
Update 4, providing
simple, flexible and reliable solutions to help customers migrate to and
keep data available in the hybrid cloud regardless of its location, has
recorded more than 200,000 downloads in less than 3 months since being
generally available in January 2019. New product capabilities allow Veeam
to deliver virtual, physical, and cloud data management, for any
application, and any data, across any cloud, including:
- Cloud
Tier - Unlimited capacity for long-term data retention by
using native, cost effective object storage integration;
- Cloud
Mobility - Easy migration and recovery to AWS, Azure and
Azure Stack;
- New
Data Governance Capabilities - Increased security and
compliance including GDPR and malware prevention.
- Veeam
Backup for Microsoft Office 365, currently the
fastest growing product in Veeam history, reported 152 percent revenue
bookings growth YoY. Veeam Backup for Microsoft Office 365 has
now been downloaded by more than 55,000 organizations, representing over 7
million user mailboxes. Veeam recently released version 3 of the product,
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.
- Cloud continues
its growth momentum, with Veeam reporting 31 percent YoY growth in its
overall cloud business for Q1 2019.
- With
343,000 customers worldwide, new Veeam customers include AKKA Technologies, Halton
Borough Council, Sonoco
Trident, 3Banken, Nova
Scotia Liquor, Colorado Regional
Health Information Organization (CORHIO), Northeastern
Illinois University (NEIU), Clear
Concepts,YMRILINK, TBEA
Energy India.
- The Veeam Cloud & Service Provider (VCSP) program
has grown to 22,500 partners, with 4,000 of those also qualified to
provide Cloud Backup & DRaaS using Veeam Cloud Connect.
- Veeam alliance resell agreements with, HPE, Cisco,
NetApp and Lenovo reported 56 percent total transaction growth YoY and 39
percent YoY revenue growth, together completing the overall data
management story for global alliance reseller partners.
- Veeam
received a $500
million investment from Insight Venture Partners and Canada Pension Plan Investment Board (CPPIB)
in early January - one of the largest investments in the history of
storage software. This is enabling Veeam to pursue an aggressive
acquisition and investment strategy of innovative technologies and
continue as the dominant leader in the market.
Registration
is now open for VeeamON 2019, the world's premier
event for Cloud Data Management, which will take place May 20 - 22, 2019, in
Miami, FL. Nearly 10,000 customers, partners and
influencers attended VeeamON 2018 in Chicago, IL and the regional VeeamON Forum
events held all around the world.