Veeam adds more customers, moves closer to become a billion dollar software company

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Mumbai:Veeam Software, a player in intelligent data management for the hyper-available enterprise has announced results from Q2 2018, marking its 40th consecutive quarter of double-digit record bookings growth. Veeam delivered 20 percent growth year-over-year (YoY) in total bookings in Q2 2018, and kept pace with its average of more than 4,000 new customers each month. Today, Veeam has more than 307,000 customers worldwide.

“According to IDC, Veeam is the leader in both momentum and company performance in the data protection and recovery software market, surpassing and outpacing legacy vendors that cannot meet customer demands for hyper-availability,” said Peter McKay, Co-CEO and President – Veeam. “Veeam has attained this leadership position thanks to our strong relationships with our channel partners, strategic alliances, expertise in understanding customers’ needs and demands, and then addressing them with innovative, powerful and easy-to-use solutions.”

“It’s an exciting time at Veeam as we enter the second half of the year,” McKay continued. “We have invested heavily in go-to-market strategies, customer enablement, employees and processes. We are pushing further into the enterprise, all while continuing to strengthen our commitment to our core market segments. Our focus on enabling hyper-availability is unwavering, and customers are responding. We continue to gain marketshare from both traditional players and newcomers attempting to catch up to us and attain profitability, a benchmark Veeam achieved and maintained for more than a decade.”

“In Q2, we unveiled our message around Intelligent Data Management and continuing our leadership position in the hyper-availability market. The APJ growth rate is nearly double the global growth rate YoY, sitting at 38% – a fantastic achievement, which really shows regional momentum,” said Shaun McLagan, SVP – APJ, Veeam.

“Veeam has placed a significant investment in the APJ region, with an increased focus on HyperGrowth markets, China and Japan. This focus has paid off tremendously with both markets reporting growth of over 100% YoY. We look forward to continuing on this growth trajectory in the second half of 2018 and taking our customers and partners on this exciting journey with us,” added McLagan.

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