Observes 28 Percent Year-Over-Year Growth and $607 Million in Total Revenue Bookings; taking market share from legacy vendors
Veeam Software announced record results for Q4 2016 and FY 2016: 28 percent Y-o-Y growth and $607.4M in total revenue bookings, fueled by accelerated enterprise and cloud revenues which were driven by the critical need for enterprises of all sizes to ensure they are available 24.7.365 in the Hybrid Cloud world. Veeam recently announced record Q4 results globally and as a testimony of India’s market potential, the company’s total bookings revenue for FY 2016 in India grew by 16% percent (YoY).
“2016 was a fantastic year for Veeam across the board, driven by users’ insatiable appetite for anytime, anywhere access to data, applications and workloads,” said Peter McKay, Veeam’s President and COO. “As organizations work to digitally transform every aspect of their business, CIOs are quickly coming to realize that these IT investments won’t be worth much if they can’t guarantee that they will be ’Always-On’. We’ve seen incredible growth in demand for the Veeam Availability Suite from all sectors of the market, but especially from the Fortune 500 and Global 2000.”
Additional highlights from Veeam’s 2016 results include:
Enterprise growth and momentum: At the end of 2016, Veeam counted 73 percent of the Fortune 500 and 56 percent of the Global 2000 as customers. Enterprise new license bookings grew 57 percent annually, while the number of new enterprise customers grew 48.6 percent to 761 over the same period.
230,000 customers worldwide: Veeam added close to 50,000 total paid customers in 2016, keeping pace with the historical average of approximately 4,000 new customers every month.
13.3 million virtual machines (VMs) are protected with Veeam Availability solutions, including more than 1 million VMs under VCSP management.
Expansion to 45,000 ProPartners worldwide: Veeam’s 100 percent commitment to the channel continues to attract new resellers and VARs to availability solutions.
DRaaS and BaaS: The Veeam Cloud & Service Provider (VCSP) program, which provides service providers with ready-made opportunities to offer Disaster Recover as a Service (DRaaS) and Backup as a Service (BaaS) and to acquire new customers and grow recurring revenue, reported 79 percent YoY revenue growth for FY 2016. The VCSP program has expanded to more than 14,300 service and cloud providers worldwide, with more than 2,600 of those partners licensed to provide services for Veeam Cloud Connect.