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Veeam joins the ranks of $1bil-revenue software companies

22 May 2019

Veeam has announced that it has exceeded $1 billion in annual bookings, joining an elite group of software companies to achieve this milestone.

On its journey to the billion-dollar mark, Veeam also surpassed 350,000 customers, adding new customers at a rate of more than 4,000 each month.

At VeeamON 2019 in Miami, Veeam is unveiling how it will accelerate its position in cloud data management and begin the next stage of its story.

“Veeam created the VMware backup market and has dominated it as the leader for the last decade. This was Veeam’s Act I and I am delighted that we have surpassed the $1 billion mark; in 2013 I predicted we’d achieve this in less than six years and we have,” says Veeam co-founder and EVP sales and marketing Ratmir Timashev.

“However, the market is now changing. Backup is still critical, but customers are now building hybrid clouds with AWS, Azure, IBM and Google, and they need more than just backup.

“To succeed in this changing environment, Veeam has had to adapt. Veeam, with over 60,000 channel and service provider partners and an ecosystem of technology partners, including Cisco, HPE, NetApp, Nutanix and Pure Storage, is well-positioned to optimise cloud data management in our Act II.”

For more than a decade, Veeam has been a provider of backup, recovery and replication solutions.

Initially focused on server virtualisation for VMware environments, in recent years, Veeam has expanded on this core offering, delivering integration with multiple hypervisors, physical servers and endpoints, along with public and SaaS-based (Software as a Service) workloads, while partnering with leading cloud, storage, server, HCI and application vendors to provide one of the most robust cloud data management platforms on the market.

In January, Veeam launched Veeam Availability Suite 9.5 Update 4, delivering new major capabilities that provide easy cloud migration and cloud mobility, cloud-native backup, cost-effective data retention, and portable cloud-ready licensing, increased security and data governance, and solutions to make it easier than ever for service providers to deliver Veeam-powered services to market.

Today, the company also announced the new with Veeam program, which sees Veeam partnering with enterprise storage and hyperconverged (HCI) vendors to provide customers with comprehensive secondary storage solutions that combine Veeam software with storage and HCI infrastructure hardware and management stacks.

Solutions have already been announced with ExaGrid and Nutanix.

“From day one, we have focused on partnerships to deliver customer value. Working with our storage and cloud partners, we are delivering choice, flexibility and value to customers of all sizes. The new 'with Veeam' program epitomises this approach, and this strategy will help us extend our leadership even further,” adds Timashev.