Veeam reports 25 per cent growth in Q1 2021

1 min read MSPs Financial Services
Backup data protection solutions provider Veeam Software has announced an annual recurring revenue (ARR) increase of 25 per cent year-over-year for Q1 2021.

Veeam started the year with the general availability of its new Veeam Backup for Google Cloud Platform, complementing Veeam Backup solutions for AWS and Microsoft Azure. Veeam Backup & Replication v11 was also released in Q1 2021 with an additional 200 cloud, DR, security and automation enhancements.

“The double-digit YoY growth across all geos provides further validation that our solutions are leading the way in the industry and providing customers simple, flexible and reliable data protection that meets their needs and helps them to achieve their business objectives,” said William H. Largent, CEO and chairman of the board at Veeam.

Largent described the company’s thirteen consecutive quarters of double-digit growth as testament to the importance of business continuity and data protection as companies move to the Cloud, as well as to the reliability and value it provides to its 400,000+ customers.

Daniel Fried, general manager and senior VP of EMEA and worldwide channels at Veeam, added: “Customers and partners are looking to make investments that give them peace of mind and work with experts who offer strategic advice. 

“Furthermore, IDC’s recognition of Veeam as the number one company in EMEA for Data Replication and Protection in 2020 shows that we are the vendor best placed to enable business transformation and innovation for customers across the region. 

“This is supported not just by our dominance of the backup and data protection market, but the world-class expertise and skills within Veeam’s sales and technical teams as well as our phenomenal partner ecosystem.”

According to Danny Allan (pictured), CTO and senior VP of product strategy at Veeam, the company’s product roadmap for 2021 will further expand on offerings with AWS, Microsoft Azure, Google and Kubernetes.