GEC NEWS WIREVeeam Software revealed 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. Such consistent growth can be attributed in part to the company’s continued innovation, enabling enterprises of all sizes to make Veeam their defacto platform for ensuring availability of virtual, cloud and physical workloads.
“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,” said Peter McKay, Co-CEO and president of Veeam.
“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 organizational 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.
Results in the Middle East are equally impressive with a 62 percent Year-Over-Year (YoY) growth in total bookings revenue, 48 percent increase in new ProPartners in the region as compared to the previous year and a 127% increase in Veeam Cloud & Service Provider (VCSP) transactions YoY.
Gregg Petersen, Regional Sales Vice President, MEA, Veeam Software said, “Our momentum is accelerating and we are surpassing traditional legacy vendors. Technologies designed for the client-server era cannot deliver the 24.7.365 Availability today’s businesses demand with the ability to restore any IT service running in the hybrid cloud within seconds and minutes. This is why, every day, more and more legacy backup customers switch to Veeam.”
