Modern Data Protection is at an All-Time High Priority for Organizations, says Veeam.
Veeam Software has announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 26% year-over-year (YoY) for Q2’21. Veeam delivered more than 20 new product releases including significant enterprise-grade feature updates over the last 18 months and several major releases in 1H’21 – Veeam Backup for Google Cloud Platform and Veeam Backup & Replication v11.
With no plans of slowing down its momentum, Veeam is preparing to release key innovations of cloud-native solutions for AWS, Microsoft Azure, Google Cloud, Microsoft Office 365 and the first integration of Kasten K10 for Kubernetes into the Veeam Platform in the second half of 2021.
“Now, more than ever, especially as ransomware attacks increase, data is the lifeblood of organizations. The need for Modern Data Protection to achieve operational objectives and business continuity is fueling the demand for Veeam’s industry-leading solutions,” said William H. Largent, Chief Executive Officer (CEO) and Chairman of the Board at Veeam. “Q2’21 isn’t just another quarter of growth for Veeam; as our fourteenth consecutive quarter of double-digit growth, it represents unrivaled results, especially during such an unstable global environment. Veeam is continuing to thrive and grow, and our commitment to deliver simple, flexible, reliable and powerful data management and protection solutions to our 400,000+ customers is unwavering.”
“A year on from when the world first plunged into uncertainty, we as a company are grateful to report another quarter of double-digit revenue growth,” said Shiva Pillay, Senior Vice President, Asia Pacific and Japan at Veeam.
“Globally, the continued release of new features and enhancements to our simple, flexible and reliable solutions – 17 announced in the last year alone – has resulted in +195% growth year-over-year (YoY) in transactions of $1M+. In APJ, Veeam reported an annual recurring revenue (ARR) of 29 percent YoY for Q2 ’21. Highlights include the ongoing success of our industry leading solutions such as v11, Veeam Backup for Microsoft Office 365 and Google Cloud Platform. This quarter also saw over 2500 transacting partners in APJ and we welcomed 63 Moons Technologies in India as an advocate for the region. Veeam continues to support our customers in their modern data protection journey with our scalable backup solutions and continued commitment to innovation. This is proven in Gartner’s 2021 Magic Quadrant for Enterprise Backup and Recovery Solutions where Veeam was named an industry leader for the fifth consecutive time and positioned the company highest overall in ability to execute two years in a row,” said Shiva Pillay.
“It is no mean feat to achieve operational objectives and business continuity when you’re facing the unknown, and especially at a time when ransomware attacks are on the rise. At its core, Veeam works with its customers and partners to ensure always-on availability in a hybrid cloud environment in today’s digital economy. Q2 wasn’t just another growth milestone for Veeam as a company, but for the relationships with our customers and partners, which provide the foundation for us to thrive and grow. We’re extremely proud to have achieved what we have so far and remain committed to being the trusted provider that ensures data availability and protection, ” says Shiva Pillay.