Baar, Switzerland – April 18, 2017: Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, today announced another record quarter, fueled by explosive gains in Enterprise and Cloud revenues. During Q1’17, Veeam recorded a 33 percent YoY increase in total bookings revenue while Enterprise new license bookings grew 17 percent annually. Cloud revenue enabled by Veeam Cloud and Service Providers (VCSPs) grew 59 percent YoY, helping enterprises transform their operations to deliver 24.7.365 Availability that users demand in today’s digital world.
“It’s no small feat for a company with more than $600 million in annual bookings to deliver 33% growth YoY, and I’m enormously proud of our entire team,” said Peter McKay, President and COO at Veeam. “Looking ahead, we expect continued growth for the remainder of this year, fueled by new Veeam product releases, joint product offerings with our Alliances partners, further share gains in Enterprise, and Veeam-powered cloud solutions.”
“Globally, organizations now recognize they need the 24.7.365 Availability that only Veeam provides. We continue to expand our worldwide Enterprise sales teams to meet that demand, especially in North America and EMEA,” said McKay. “These additions will support our customers’ and partners’ strategic digital transformation initiatives.”
Additional highlights from Q1 2017 include:
Registration is now open for VeeamON 2017, the world’s Premier Hybrid Cloud Availability Event, which will take place May 16 – 18, 2017 in New Orleans, LA. Keynote speakers will include Mark Russinovich, Chief Technology Officer for Microsoft Azure, and Sanjay Poonen, COO, Customer Operations, VMware.
About Veeam Software
Veeam® recognizes the new challenges companies across the globe face in enabling the Always-On Enterprise™, a business that must operate 24.7.365. To address this, Veeam has pioneered a new market of Availability for the Always-On Enterprise™ by helping organizations meet recovery time and point objectives (RTPO™) of less than 15 minutes for all applications and data, through a fundamentally new kind of solution that delivers high-speed recovery, data loss avoidance, verified recoverability, leveraged data and complete visibility. Veeam Availability Suite™, which includes Veeam Backup & Replication™, leverages virtualization, storage, and cloud technologies that enable the modern data center to help organizations save time, mitigate risks, and dramatically reduce capital and operational costs, while always supporting the current and future business goals of Veeam customers.
Founded in 2006, Veeam currently has 47,000 ProPartners and more than 242,000 customers worldwide. Veeam's global headquarters are located in Baar, Switzerland, and the company has offices throughout the world. To learn more, visit https://www.veeam.com.