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|Digital Transformation Drives Strong Demand for Enterprise Availability and Fuels Veeam’s Double-Digit Q1 2016 Growth|
|Posted: Tue Apr 19, 2016 10:22:16 AM|
Digital transformation opportunities, demand for DRaaS, and the need for Availability drives Veeam to another quarter of positive growth, including 75 percent year-over-year total bookings revenue growth in large orders
BAAR, Switzerland: April 19, 2016 - Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, today announced a 24 percent year-on-year (YoY) growth in total bookings revenue for Q1 2016, further demonstrating the industry’s growing appetite for Availability.
With 75 percent YoY increase in total bookings revenue from large-sized deals, Veeam’s Q1 2016 success clearly demonstrates that enterprises are embracing Veeam’s innovative approach of 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.
“Backup is broken,” said Ratmir Timashev, CEO at Veeam. “The state of backup is not going to get any better. What’s needed and demanded is Availability. Recent research discovered that 84 percent of CIOs agree that their organization has an Availability Gap - the gap between what users demand and what IT departments can deliver.[i] Veeam continues to help enterprises solve this challenge, and our Q1 results show that demand for Veeam Availability solutions continues to accelerate rapidly and we fully expect this growth to continue at a similar pace for the rest of 2016.”
“We know Availability is central to digital transformation,” said Peter Ruchatz, CMO at Veeam. “All organizations, regardless of industry or size, are turning to technology to radically improve their performance and overall customer experience. There is no room for complacency in the fast-moving digital world and no excuses for downtime. Veeam helps CIOs to lead this change – and challenge – within their organization.”
Veeam continues to see impressive growth in the cloud, especially as the demand for Disaster Recovery as a Service (DRaaS) intensifies. Celebrating its sixth year, the Veeam Cloud & Service Provider (VCSP) program, which offers ready-made opportunities for service providers to acquire new customers and grow recurring revenue, reported an increase of 82 percent in the number of transactions year-over-year. The VCSP program has grown to more than 11,200 service and cloud providers worldwide, with more than 1,300 of those partners licensed to provide services for Veeam Cloud Connect. Veeam Managed Backup Portal for Service Providers, made generally available in Q1, is another addition to Veeam’s robust portfolio of cloud-focused offerings, complementing Veeam Cloud Connect which offers a comprehensive, multi-tenant secure platform to deliver backup-as-a-service (BaaS) and DRaaS by Veeam’s network of Service Providers.
Additional highlights from Q1 2016 include: