Published date: January 9, 2018
If you haven’t heard, Veeam’s 2017 results are in and the news couldn’t be better. We smashed our targets, achieved $827 million total bookings revenue and grew more than $220 million in a year at an immense 36% YoY growth. Veeam had the best year in the history of the company. We were confident going into 2017, we were even more confident at VeeamON in the spring, but our success has even surpassed what we saw as possible.
2017 has been my first full fiscal year at the company, and during this year, we made a number of bold moves. These moves included a change in our market focus, an increased focus on technology partnerships and enhancing our organizational structure. And as the results show, our moves have paid off across the board.
Ratmir Timashev, our co-founder, has always said that to succeed, we need to be willing to take risks and make key decisions. During 2017, and specifically Q4, we executed on our plans to become a $1 billion company by the end of 2018, and the results speak for themselves.
Our 2017 success was on multiple levels. Let me share some of the highlights:
Our customers are getting bigger
Veeam closed more +$500,000 deals last year than in the previous six years combined. Our success has been built on companies that often had limited budgets and IT staff to run their organizations. This meant they relied on Veeam to always work. Now, enterprise customers are realizing that a dependency on Veeam is allowing them to have confidence in their data being always available and Always-On. They are embracing our Availability story.
Our customers are moving to the cloud
Veeam’s cloud group has been our fastest-growing business segment for the past nine quarters. That is nearly two and a half years of accelerating growth in the most disruptive and transformational aspect of IT. Organizations of all sizes are putting their trust in Veeam to get their data to the cloud and make it available when they need it, where they need and how they need it.
Our partners have made Veeam a critical component of their ecosystems
Nearly every significant technology vendor in IT who handles and manages data is now working with Veeam to integrate our solutions with theirs. What this means for our customers is they have confidence their data center — and the data that lives there — is being protected and made available by Veeam.
Our efforts are being recognized by others
We think we are doing a pretty good job, but don’t take our word for it. Gartner, Inc. continues to place Veeam in the Leaders quadrant of their 2017 Magic Quadrant for Data Center Backup and Recovery Solutions. Forbes places us at No. 27 on their Forbes 2017 Cloud 100 companies. The recognition is validation for what our customers continue to tell us. Veeam is their No.1 choice for data Availability.
Our employees are making the difference in our success
Veeam’s growth has come from the passionate and committed efforts of our global workforce. We are proud of being a global company and we believe in putting our employees first. The Veeam Team grew by more than 1,000 in 2017. These talented people joined the ranks of our Veeam family, helping grow our business in nearly every corner of the world. 2017 results show what happens when a team focuses and commits to excellence. You can achieve anything.
2018 is going to be even bigger
Innovate and iterate is one of our core values here at Veeam. In 2018, you will continue to see us pursue this goal. We have new products, new partnerships and new data milestones to reach. The world operates in a continuous mode — Always-On and always striving for success. And data is the critical life blood of our customers. 2018 will continue to see data grow in its importance, and as it does, Veeam will be the foundation for data Availability for much of the world.