Veeam Software announced another quarter of
double-digit growth with an annual recurring revenue (ARR) increase of
26% year-over-year (YoY) for Q2'21. Veeam delivered more than 20 new
product releases including significant enterprise-grade feature updates
over the last 18 months and several major releases in 1H'21 - Veeam
Backup
for Google Cloud Platform and Veeam Backup &
Replication v11. With no plans of slowing down its momentum, Veeam is
preparing to release key innovations of cloud-native solutions for AWS,
Microsoft Azure, Google Cloud, Microsoft Office 365 and the first
integration of Kasten K10
for Kubernetes into the Veeam Platform in the second half of 2021.
"Now, more than ever, especially as ransomware attacks increase, data
is the lifeblood of organizations. The need for Modern Data Protection
to achieve operational objectives and business continuity is fueling the
demand for Veeam's industry-leading solutions," said William H.
Largent, Chief Executive Officer (CEO) and Chairman of the Board at
Veeam. "Q2'21 isn't just another quarter of growth for Veeam; as our fourteenth consecutive quarter of double-digit growth, it represents unrivaled results, especially
during such an unstable global environment. Veeam is continuing to
thrive and grow, and our commitment to deliver simple, flexible,
reliable and powerful data management and protection solutions to our
400,000+ customers is unwavering."
Q2 2021 Highlights
- Released as the most advanced data protection solution for Cloud,
Virtual, Physical, SaaS and Kubernetes workloads, Veeam Backup &
Replication v11 and has been downloaded by more than 220,000 users since
its launch in Q1. V11 provides robust ransomware protection with
multiple immutable storage options, policy-driven data lifecycle
management, as well as Continuous Data Protection (CDP), further
reducing downtime and data loss for all workloads on premises and in the
cloud with AWS, Azure and Google.
- Veeam Backup for Microsoft Office 365 reported 58% growth YoY in Q2'21, with the product being downloaded 189,000 times with 6.6 million users under paid contract.
- Veeam continues to release new features and enhancements ideal for
enterprise environments, which has resulted in +195% bookings growth YoY
in transactions of more than $1 million.
- Veeam closed the largest AWS deal in its history in Q2'21, as growth
of cloud-native backup solutions (AWS, Microsoft Azure, Google Cloud)
continues to accelerate.
- Veeam's technology alliance resell agreements with Hewlett Packard
Enterprise (HPE), Cisco, NetApp, and Lenovo reported 27% growth YoY.
- Veeam Universal License (VUL), the industry's first portable license
that offers a simple, flexible "per workload" subscription license for
protecting all workloads across on-premises, hybrid and multi-cloud
environments, accounted for nearly 3/4 of new core transactions in Q2
with 62% growth YoY.
- Veeam now counts 82% of the Fortune 500 and 69% of the Global 2000 as customers. New Q2 advocates include Staples Solutions, ABB Croatia, Baumit GmbH, City of New Orleans, Global Data Vault, Ituran, Morehouse School of Medicine, New Belgium Brewing Company, NewCytech, Ruhr University Bochum, Shamir Medical Center and 63 Moons Technologies Ltd.
- In June, Veeam announced the launch of its new, federal government-focused subsidiary, Veeam Government Solutions, Inc.
(VGS). Headquartered in Washington D.C. and 100% U.S.-owned and
managed, VGS brings a comprehensive portfolio of trusted data protection
software solutions that are independently verified and validated by
U.S. federal government-trusted, U.S.-based third-party agencies.
- In the recently released 2021 Magic Quadrant for Enterprise Backup and Recovery Solutions,
Gartner named Veeam as an industry Leader for the fifth consecutive
time and positioned the company highest overall in ability to
execute two years in a row.
For more information, please visit www.veeam.com.