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Strong demand for Data Protection for the Modern Datacenter drives success
BAAR, Switzerland, February 11, 2014 — /BackupReview.info/ — Veeam® Software, innovative provider of Protection for the Modern Datacenter™, today announces record revenue results for the fourth quarter and full year of 2013. This marks Veeam’s 24th consecutive quarter in which quarterly bookings revenue has grown by more than 50 percent over the same period during the previous year.
Click to Tweet: Veeam Announces Record 2013 Results with Annual Revenue Growth of 58 Percent Over 2012
In 2013, annual bookings revenue grew 58 percent over 2012, while new license bookings revenue increased 53 percent over the same period. Total bookings revenue grew 55 percent in Q4 of 2013 compared to the same period in 2012; new license bookings revenue increased 52 percent over that same period.
The Middle East is no exception. Veeam dominated in countries around the region in 2013, experiencing a boost following a 113.7 percent customer growth and a 148.9 percent increase in its bookings revenue. It also grew 148.7 percent in new licenses bookings revenue.
“Veeam’s success in 2013 is a testament to the success of Veeam Backup & Replication v7, which once again raised the standard for protection for the modern datacenter,” said Ratmir Timashev, CEO of Veeam. “Our reputation for reliable, high- performance software that makes our customers proclaim, ‘It Just Works!’ ™ has made us one of the fastest growing software companies in the world. We’re excited for 2014 as we continue our journey to achieve $1 billion in revenue within the next five years.”
“In fact, we feel so strongly about the value and capabilities of our solutions that this quarter, we have extended our “Switch to Veeam – Protection for Modern Datacenter” competitive replacement program (currently available in North America only; global expansion in early February) that enables IT organizations to put Veeam in their modern datacenter for the same price as – or often much less than – the annual renewal cost of their existing legacy backup solution. This program will likely deliver Veeam’s 100,000th customer in early 2014.”
Now protecting over 5.5 million VMs, Veeam’s growth in the mid- and large-size enterprise market continues to gain momentum. “With Veeam, backup speed and reliability have improved immensely, saving us countless hours because no one has to watch over backups anymore, “said Francis Hart, Live Operations Manager for SEGA Europe. “Backup used to be a project in itself, but Veeam turned it into a really easy, automated process that instills confidence in our team. Backups complete within the backup window and are automatically verified for recoverability, giving us peace of mind and more time to focus on datacenter priorities. We also save a lot of money in backup storage because of Veeam’s built-in deduplication, which is phenomenal.”
Veeam received a number of prestigious industry honors during Q4 13, including the following:
Additional highlights of Q4 and 2013 overall include:
About Veeam Software
Founded in 2006, Veeam currently has 23,000 ProPartners and more than 91,500 customers worldwide. Veeam’s global headquarters are located in Baar, Switzerland and the company has offices throughout the world.
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