GEC NEWS WIREVeeam Software reported a 22 percent year-over-year growth in total bookings revenue in the Middle East for Q2 2016, demonstrating increasing demand by regional enterpises for 24.7.365 Availability. The Veeam Cloud & Service Provider program, which offers ready-made opportunities for service providers in the region to acquire new customers and grow recurring revenue, reported an increase of 200 percent in the number of transactions year-over-year.
Gregg Petersen, Regional Director, MEA and SAARC, Veeam Software said, “The results show that enterprises in the Middle East are embracing Veeam’s innovative approach of delivering availability solutions, which enable SLAs for recovery time and point objectives of less than 15 minutes for ALL applications and data. This continued growth is a testament to the success of Veeam`s vision and execution, carrying the company toward its goal of $1 billion in annual revenue by the end of 2018. We have experienced tremendous success in the O&G, banking, government and education across the entire region.”
Globally the company revealed a record 38 percent year-over-year growth in total bookings revenue for Q2 2016. Growth in quarter-over-quarter total bookings revenue was even higher, 40 percent.
Peter McKay, President and COO at Veeam said, “Our latest results clearly indicate that a seismic shift is taking place within the industry. Our strategy for the future is clear, and we are continuing to add richer features and functionality to our portfolio which will deliver not only on the needs of today’s users, but provide a foundation for the future.”
