Veeam Software,
the leader in Backup solutions that deliver Cloud Data Management,
today announced results from Q3 2019 and is yet again outpacing the
market. In an aggressive market that is seeing both legacy and newcomers
falter, Veeam has reported another quarter of double-digit growth with
an annual recurring revenue (ARR) increase of 24 percent year-over-year
(YoY) and huge uptake in its new Veeam Universal License (VUL)
subscription pricing model which saw a 108 percent rise in bookings for
the same period. Veeam also reported that in its annual customer
satisfaction survey it scored a Net Promoter Score (NPS) of 75; this
score sees Veeam exceeding the market average, and is the sixth consecutive year the company has achieved this result.
"2019
has been a massive year for Veeam; not only have we surpassed $1B in
annual bookings, we are also innovating the customer experience through
new Veeam Universal License (VUL) subscription models and continued new
product releases," said Ratmir Timashev, Co-Founder and Executive Vice
President (EVP) of Sales & Marketing at Veeam. "In our last fiscal
quarter, we saw tremendous growth across all markets, particularly our
subscription business, taking our customer count to more than 365,000.
As we enter Q4 2019, we will be announcing a number of new solutions
that will continue our market leadership, and as we have shown with our
NPS score, we are exceeding customer satisfaction at every point."
Customer, Product and Partner Highlights
- Veeam's
Enterprise business grew 20 percent YoY, with the company counting 81%
of the Fortune 500 and 66% of the Global 2000 as customers, such as ABM, United Healthcare, Carmax and Micron. With more than 365,000 customers worldwide, new Veeam customers include Reynolds, Bahrain Credit, British Columbia Forest Practices Board, LCR Group, Azzurri Group, KPN, Vancouver Canucks, and Sydney Living Museums.
- Veeam Backup for Microsoft Office 365, reported 113 percent growth YoY. Veeam Backup for Microsoft Office 365 has now been downloaded by more than 84,000 organizations, representing over 9 million user mailboxes.
- The
Veeam Cloud & Service Provider (VCSP) program has more than 24,500
partners with over 4,000 of those also qualified to provide Cloud Backup
& DRaaS using Veeam Cloud Connect.
- Veeam
technology alliance resell agreements with Hewlett Packard Enterprise
(HPE), Cisco, NetApp, and Lenovo reported 92 percent YoY growth, and a
28 percent quarter over quarter (QoQ) increase
- For the fourth consecutive year, Veeam was named to the Forbes 2019 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
For more information, visit https://www.veeam.com.
"Over
the past several years, Veeam has solidified itself as a leading
provider of backup and recovery solutions for virtual, physical and
cloud environments. Veeam's partner-centric strategy and ability to
adapt to the market with a focused approach have been cornerstones of
its ongoing success, and have enabled Veeam to deliver consistent,
double-digit revenue growth in a mature market segment that typically
experiences low, single-digit growth." - Andrew Smith, Research Manager in IDC's Infrastructure Platforms and Technologies group
"If
we can't recover data quickly for our customers, the societal impact
could be huge. One of our customers provides public-transportation
planning information. If their data isn't available millions of
travelers won't have the information they need to plan their itineraries
and execute travel. Veeam helps us keep customers' data available, so
they can focus on adding value to society." - Thing Zhu, Technical Director at KPN
"Having
point-in-time analytics at our fingertips is vital because it lets us
proactively resolve issues at our restaurants. If one of our restaurants
is off on labor costs, we'll run an additional report to investigate
further. If we notice a dip in sales, we're able to identify the cause
quickly and make informed decisions that improve operational efficiency,
helping each brand maintain a leading position in a highly competitive
market. Our legacy backup just wasn't able to meet our business needs
and was failing us. Veeam Backup & Replication takes Azzurri's BC
and DR strategy to the next level. Veeam protects data analyzed by IBM
Cognos, a BI analytics solution that provides Azzurri with detailed
sales, food cost, labor cost and financial reports. Veeam reduces
recovery time from days to minutes, making data continuously available
to Cognos so Azzurri can undercover hidden insights into daily
restaurant operations." - Jon Lee, IT Infrastructure Manager, Azzurri Group
"If
we were to put a monetary figure onto what value Veeam has added to
this organization, it would be millions of dollars. Our old data center
could have burned down and we would have lost all our data and be
absolutely nowhere today. If anything were to happen to the company,
Veeam would be our savior." - Ashlen Naicker, ICT Executive, LCR Group