Prague, Czech Republic, 8th November, 2018 : Veeam® Software, the leader in Intelligent Data Management for the Hyper-Available Enterprise™, today announced the plan to invest $150 million to expand its main Research and Development (R&D) Center in Prague. The investment allows Veeam to attract additional 500 software developers, adding to its current workforce of more than 3,600 employees worldwide.
Veeam’s investments will be focused on the development of the company’s market-leading Intelligent Data Management platform by prioritizing recruitment of high-tech roles including product management, software engineering and quality control. The move will provide another boost to the growing high-tech Czech technology sector, which has seen increased levels of investment from foreign businesses over the past 18 months. The center in Prague is Veeam’s main R&D facility worldwide and is responsible for more than 50 per cent of the total of Veeam’s R&D spend.
“Veeam has a strong 12-year history of innovation, disrupting the legacy backup market and revolutionizing modern data protection for private cloud datacenters traditionally built on VMware and Microsoft Hyper-V. The $150 million investment demonstrates our global commitment to continuous innovation by recruiting the top talent and expanding our main R&D center to help extend the company’s leading Intelligent Data Management Platform. The platform is designed to help customers with their strategic digital initiatives to move, manage and protect data in Hybrid Cloud environments,” said Ratmir Timashev, Co-Founder and Executive Vice President, Worldwide Sales and Marketing at Veeam.
Veeam is the industry leader in the Intelligent Data Management market, and continues to add 4,000 new customers per month, gaining significant market share over competitors, and has recently celebrated its 41st quarter of consecutive double-digit growth. According to the IDC Software Tracker for Data Replication and Protection H1 2018, Veeam is #4 in market share after Dell, IBM and Veritas, and ahead of Commvault, and by far the fastest-growing vendor with 24.7% YoY growth, while IBM and Veritas are shrinking and the overall market is only growing 2.8%. Driving such consistent growth is the company’s ongoing focus on innovation and delivering new capabilities to more than 320,000 customers globally and working closely with its partner ecosystem.
The Switzerland-based firm’s investment will also deliver a first-of-its-kind corporate social responsibility project for the company, starting with building 30 bicycles for the Klokánek Štěrboholy care home to support the health and wellbeing of local children in need.
For more information, please visit https://www.veeam.com.
About Veeam Software
Veeam is the global leader in Intelligent Data Management for the Hyper-Available Enterprise. Veeam Hyper-Availability Platform is the most complete solution to help customers on the journey to automating data management and ensuring the Hyper-Availability of data. We have more than 320,000 customers worldwide, including 80 percent of the Fortune 500 and 66 percent of the Global 2000. Our customer satisfaction scores, at 3.5x the industry average, are the highest in the industry. Our global ecosystem includes 59,000 channel partners; Cisco, HPE, and NetApp as exclusive resellers; and nearly 21,000 cloud and service providers. Headquartered in Baar, Switzerland, Veeam has offices in more than 30 countries. To learn more, visit https://www.veeam.com or follow Veeam on Twitter @Veeam.