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Veeam reports record Q2 results

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Veeam Software has announced a 38% year-over-year (YoY) growth in total bookings revenue for Q2 2016.
Growth in quarter-over-quarter (QoQ) total bookings revenue was even higher, 40 percent, further indicating Veeam’s 1H’2016 success in delivering availability solutions which enable SLAs (service level agreements) for recovery time and point objectives (RTPO) of less than 15 minutes for all applications and data. With 70 percent of Fortune 500 and 50% of the Global 2000 now Veeam customers, the company reported a 40% YoY increase in total bookings revenue from enterprise deals and has surpassed 200 000 paid customers across the business.
“The first half of 2016, has been monumetal for Veeam,” says Peter Ruchatz, CMO at Veeam. “Our penetration into the enterprise market continues to accelerate as they [enterprises] seek to meet the needs of users who are embracing transformative technologies such as cloud, mobile and social platforms. We announced the upcoming launch of Veeam Availability Suite 9.5, and secured the ‘Leaders’ position in Gartner’s June 2016 Magic Quadrant for Data Center Backup and Recovery Software. We expanded and strengthened our executive team to continue our journey to a $1B company, while also reaching a major milestone – crowning our 200 000th customer. All in all, it has been a fantastic start to 2016.”
Further signifying Veeam’s rapid growth, a decade after introducing its first product – Veeam FastSCP for VMware ESX Server – Veeam also announced this quarter that it has surpassed 200,000 customers. Its 200,000t customer is the Hard Rock Hotel & Casino Las Vegas. The Hard Rock Hotel & Casino spans more than 26 acres, boasts more than 1 500 guest rooms, a bustling casino floor, customizable meeting and convention space, multiple renowned entertainment venues, along with a myriad of notable restaurants and bars.
“We are proud to partner with Veeam for our resort’s Availability needs,” said Kevin Ragsdale, Director of Information Technology at the Hard Rock Hotel & Casino Las Vegas. “Veeam brings unprecedented software technology to the market. Its platform’s capabilities will ensure the high level of Availabilty needed for our 24.7.365 operation to help us deliver on the needs of our customers.”
“While it is a well-known fact that legacy backup technologies no longer satisfy the needs of modern business, what excites Veeam is the extent to which customers are embracing our innovative approach to delivering availability across the enterprise,” says Peter McKay, newly appointed President and COO at Veeam. “Our latest results clearly indicate that a seismic shift is taking place within the industry, and to have the Hard Rock Hotel and Casino Las Vegas as our 200,000th customer is a great testament to how vital Veeam is in modern business.
“Businesses of all sizes are abandoning ‘traditional’ thinking and are beginning to understand that 24.7.365 Availability is now a prerequisite. 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.”
Additional highlights from Q2 2016 include:
• Veeam announced that it has appointed Peter McKay, most recently Senior Vice President and General Manager, Americas with VMware, as its President and Chief Operating Officer and promoted William Largent, currently Executive Vice President, as its new Chief Executive Officer.
• Veeam continues to see impressive growth in the cloud, especially as the demand for Disaster Recovery as a Service (DRaaS) intensifies. The Veeam Cloud & Service Provider (VCSP) programme, which offers ready-made opportunities for service providers to acquire new customers and grow recurring revenue, reported an increase of 76 percent in the number of transactions year-over-year. The VCSP program has grown to more than 12,400 service and cloud providers worldwide, with more than 1,900 of those partners licensed to provide services for Veeam Cloud Connect.
• 205 000 customers worldwide: Veeam added 12 500 total paid customers in Q2 2016, an increase over the historical average of approximately 3 500 new customers each month.
• 11,8-million virtual machines are protected with Veeam Availability Solutions.
• Expansion to 41 000 ProPartners worldwide: Veeam’s commitment to the channel continues to attract new resellers and VARs to availability solutions.
• Microsoft Hyper-V new license bookings: 49% growth over the same period during the previous year. Veeam was named a finalist in two categories for the 2016 Microsoft Partner of the Year award: Application Development and Microsoft Azure Certified ISV Solution. The award is a recognized standard for excellence in the industry, and Veeam was recognized as part of this elite group.