NAKIVO concludes 2023 with EMEA revenue growth of 13 percent worldwide as the company continues accelerating in the backup and disaster recovery market for physical, virtual, cloud, and SaaS environments

Sparks, NV – February 5, 2024 — / / — NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, announced its 2023 financial results today.

Tweet This: NAKIVO announces 2023 EMEA Revenue Growth of 13%

In 2023, the following was achieved:

Revenue: In 2023, NAKIVO’s revenue in Europe grew by 13% compared to 2022. Total revenue worldwide grew by 8% in 2023 vs. 2022. Of the total revenue in 2023, 56% came from the EMEA region, 31% came from the Americas, and 13% came from the Asia-Pacific region. The United States, Germany, and Italy were the highest revenue producers for NAKIVO in 2023.

NAKIVO’s revenue grew more than 100% YoY in Greece, Algeria, British Virgin Islands, Egypt, Estonia, Ghana, Guatemala, Mauritius, Montenegro, Nigeria, Saudi Arabia, Sri Lanka, Tunisia, Uganda, Uruguay, and Zimbabwe.

Customers: Currently, NAKIVO has over 27,000 paid customers in 182 countries. The customer base grew by 13% in 2023 vs. 2022. The number of new customers grew by 13% in the EMEA region, by 14% in the Asia-Pacific region, and by 11% in the Americas. In Q4 2023, NAKIVO expanded into Cape Verde and Eswatini for the first time. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 11% in 2023 vs. 2022

A sample of customers in Q4 2023 includes UC San Diego, Crealogix AG, Northwest Open Access Network, Isle, Walterfedy, and others.

Some examples of customer success stories in Q4 2023 include: Ottoman’s Life HotelDita EstFarm, and Orleans Southwest Supervisory Unit.

Technology Partners: In 2023, NAKIVO successfully delivered NAKIVO Backup & Replication via technology partners, as more enterprises and SMBs chose to install NAKIVO Backup & Replication on partner hardware. Mainly, ASUSTOR NAS installations grew by 10% in 2023 vs. 2022.

Solution Partners: Today, NAKIVO has over 8,000 software solution providers as Partners across the Americas, Europe, Africa, the Middle East, and the Asia-Pacific region. In Q4 2023, 198 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise and SMB customers. In Q3 2023, partners from Benin and Myanmar joined for the first time.

Managed Service Providers: NAKIVO’s Managed Service Provider Program enables managed service, cloud, and hosting providers to deliver VM backup as a service (BaaS), VM replication as a service (RaaS), and VM disaster recovery as a service (DRaaS) for their customers. In 2023, the number of managed service providers grew by 18% vs. 2022.

Product Releases: In 2023, NAKIVO released the following product versions:

  • v10.8 with VMware vSphere 8 support, MSP console, and hybrid cloud backup
  • v10.9 with bare-metal recovery, direct recovery from tape, and backup malware scan
  • v10.10 with real-time replication (beta) for VMware
  • v10.10.1 with VMware vSphere 8 update support

“For 2023, our business development team was focused on growing revenue and building our worldwide channel. The EMEA team managed to increase revenue by 13% compared to the previous year,” said NAKIVO CEO Bruce Talley. “In 2023, our product team delivered four newNAKIVO Backup & Replication product updates that further enhanced its data protection, replication, recovery, and ransomware protection capabilities. Year over year, NAKIVO delivers the most advanced and cost effective virtualization backup solution providing fast deployment, multiplatform support, and cost savings.”


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NAKIVO is a US-based corporation dedicated to delivering the ultimate backup, ransomware protection and disaster recovery solution for virtual, physical, cloud and SaaS environments. As one of the fastest-growing backup and ransomware recovery software vendors in the industry, NAKIVO boasts 24 consecutive quarters of double-digit growth, 5-star online community reviews, 98% customer satisfaction with support and a network of over 8,000 partners worldwide. Over 27,000 customers in 180 countries trust NAKIVO with protecting their data, including major companies like Honda, Cisco, Coca-Cola and Siemens.

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PR Contact:
Sasha Tolkachova, PR Manager
+1 416 845 3381

Source: Nakivo