Veeam Achieves 36% Y-O-Y Growth

Veeam Software has today announced results from its most successful year in the company’s decade-long history. Veeam has surpassed expectations by achieving $827M in total bookings revenue in 2017, an increase of 36 percent year-over-year.

“Organisations across the globe are dealing with massive data sprawl, and the need to ensure Availability of data and applications across a complex multi-cloud environment has never been greater,” said Peter McKay, Co-CEO and president of Veeam. “We continued success in the mid-market while also expanding into the enterprise, which is a key focus for us moving forward. Veeam continues to grow at double-digit rates as legacy competitors experience a decline. Our leadership and momentum in delivering available for any app, any data, across any cloud has us well poised to be a billion-dollar software company by the end of 2018.”

“In what has been my first full fiscal year at the company, we’ve made many bold moves in terms of market focus, partnerships and organisational structure, and they have paid off across the board. To succeed, you need to be willing to take risks and make key decisions. During 2017, and specifically Q4, we executed on our plans to scale to a $1B company by the end of 2018, and the results speak for themselves. We strengthened our relationships with key alliance partners, such as HPE, Cisco and NetApp, which has driven more than $100M in bookings revenue. We added rich experience to our teams across the globe, and these steps have all contributed to our amazing success,” added McKay.

Veeams Partner Highlights Include:

•More than 1,000 Veeam and HPE joint opportunities have been closed as a result of Veeam joining the HPE Complete Program, enabling customers to purchase complete HPE and Veeam solutions directly from HPE and its resellers.
•Cisco added Veeam to its global price list, making it easy for partners to quote and configure Veeam and Cisco data centre solutions from a single ordering system and providing customers with a simplified way to consume the joint solutions with a single PO. Veeam is the recipient of a Cisco Partner Summit Global award, recognised as the Independent Software Vendor (ISV) Partner of the Year for 2017.
•Veeam expanded the success of its NetApp alliance from product integration to a full resell agreement that includes NetApp Data Fabric solutions. The addition of Veeam to the NetApp global price list enables NetApp customers to purchase complete Veeam and NetApp solutions directly from NetApp and its resellers in a single transaction.
•Veeam expanded its partnerships with enterprise solution providers, including integrations with IBM Cloud, VMware (by announcing Veeam Availability Suite for VMware Cloud on AWS), Pure Storage, Nutanix, and N2WS.
•Veeam extended its support for IBM AIX and Oracle Solaris via a technology partnership with Cristie Software, enabling enterprises to drive business transformation via a single comprehensive Availability platform for physical, virtual and cloud.

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David Dungay

Editor - Comms Business Magazine