Veeam posts strong growth in first half of 2014

Veeam posts strong growth in first half of 2014

Veeam saw A/NZ revenue bookings increase of 34 per cent for the quarter

Veeam Software has posted 30 per cent overall growth in the first half of 2014, marking six consecutive years of double digit revenue growth.

The second quarter of 2014 was Veeam’s 26th consecutive quarter in which quarterly total bookings revenue experienced double-digit percentage growth over the same period during the previous year.

In Australia and New Zealand (ANZ), Veeam has seen a 34 per cent increase in total revenue bookings for the quarter, and new licence bookings revenue grew by 21 per cent during the same period.

Globally, Veeam reported overall growth of 30 percent for the first half of 2014 over the corresponding period last year.

In addition to this, Veeam’s business across APAC has seen a 32 per cent increase in total revenue bookings for the second quarter in 2014. New licence bookings revenue grew 24 per cent during that time.

With more than 111,500 customers, the company now protects over 6.5 million virtual machines around the world.

Veeam chief executive, Ratmir Timashev, said enterprise IT's growing demand for 24/7 business operations continued to fuel Veeam’s growth and increased market share.

“The second quarter capped a solid first half of the year for Veeam with strong revenue growth, several new product announcements, and consistent growth of our partner ecosystem," he said.

"As we enter the second half of 2014, we anticipate a continued growth trajectory as a result of the general availability of the new Veeam Availability Suite v8 and our ability to continuously innovate and execute in response to the new era of data centre challenges our customers are facing.

Timashev said, in conjunction with virtualisation, the cloud and other enabling technologies, the new Veeam Availability Suite would further enhance the ability of its customers to achieve a complete modern data centre and ensure their critical applications remained always on from any place, at any time, on any device.

During the period, the Veeam Cloud Provider experienced 112 percent growth, compared to the first half of 2013.

Veeam Cloud Connect, part of the new Veeam Availability Suite v8, was announced in Q2.

Veeam Cloud Connect gives service providers a direct pipeline to benefit from the Veeam ecosystem, according to a company statement.

Customers receive a fully integrated, secure and efficient means to move backups to an offsite backup repository managed by the service provider of their choice, but without the upfront capital investment of an offsite infrastructure.

Veeam also added two new VCP rental aggregators in the second quarter: Licencias OnLine (LATAM) and MONT (CIS and Russia).

More than 11,000 new customers were added in the second quarter, with total paid Veeam customers now surpassing 111,500.

This customer momentum has also led to Veeam’s first flagship event, VeeamON: The World’s Premier Data Center Availability Event, taking place October 6–8, 2014 at the Cosmopolitan in Las Vegas, NV.

Veeam will bring together industry-leading experts, Veeam customers and partners who will learn about enabling the Always-On Business.

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Tags Veeam SoftwareRatmir TimashevVeeam chief executive

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