Veeam Software, innovative provider of backup, replication and virtualisation management solutions for VMware vSphere and Microsoft Hyper-V, has announced record results for the third quarter of 2013 (Q3 13), continuing its expansion in all major global markets as the company drives toward its goal of $1-billion in revenue within five years.
Total bookings revenue increased 41% in Q3 13 compared to the same period in 2012, and new license bookings revenue grew 36% over the same period. Total bookings growth increased 60% year-over-year for the first three quarters of 2013. This also marks the 29th consecutive quarter of revenue growth for Veeam.
With customers in 175 countries worldwide, Veeam saw particularly strong growth in the large enterprise market segment in EMEA: from Q3 12 to Q3 13, the Northern EMEA region posted 227% growth; Southern EMEA saw 95% growth and Eastern Europe and MEA (Middle East and Africa) experienced 223% growth.
“The success of the recent release of Veeam Backup & Replication once again raised the standard for Modern Data Protection for enterprise customers. This well-earned reputation for constant innovation has made us one of the fastest growing software companies in the world,” says Ratmir Timashev, CEO of Veeam.
“In fact, we feel so strongly about the value and capabilities of our solutions that this quarter, we have rolled out a new “Upgrade Your Backup” competitive replacement programme (available only in North America) that enables IT organisations to put Veeam in their modern data centre for the same price as – or often much less than – the annual renewal cost of their existing legacy backup solution.”