Thursday, 21 July 2016 17:19

Veeam goes vroom: record results plus zero-gravity sky-high flight

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Availability company Veeam has reported record results for the second quarter of 2016 and accelerated growth due to demand for round-the-clock availability, while offering a special zero-gravity flight competition.

Veeam has achieved a 38% year-over-year grown in total bookings revenue for Q2 2016 as enterprises globally "demand 24/7/365 availability".

In addition, Veeam has secured the "Leader position in Gartner’s Magic Quadrant while celebrating continued "expansive growth in the Veeam Cloud & Service Provider programme", and its 200,000th Paid Customer

The company proudly boasts that "growth in quarter-over-quarter (QoQ) total bookings revenue was even higher, 40%, further indicating Veeam’s first-half 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".

Indeed, Veeam points to "70% of Fortune 500 and 50% of the Global 2000" now being Veeam customers, too.

Peter Ruchatz, chief marketing officer at Veeam, said: “The first half of 2016, has been monumental for 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 centre back-up and recovery software. We expanded and strengthened our executive team to continue our journey to a $1 billion company, while also reaching a major milestone – crowning our 200,000th customer. All in all, it has been a fantastic start to 2016.“

The 200,000th customer, the Hard Rock Hotel and Casino Las Vegas, came on board a decade after Veeam introduced its first product, the Veeam FastSCP for VMware ESX Server. The Veeam website now boasts 205,000 customers. 

He noted that this was "the epitome of an always-on enterprise, which its clientele expects to operate 24/7/365, the Hard Rock Hotel & Casino spans more than 26 acres, boasts more than 1500 guest rooms, a bustling casino floor, customisable meeting and convention space, multiple renowned entertainment venues, along with a myriad of notable restaurants and bars.’

Kevin Ragsdale, director of information technology at the Hard Rock Hotel and Casino Las Vegas, said: “We are proud to partner with Veeam for our resort’s availability needs. Veeam brings unprecedented software technology to the market. Its platform’s capabilities will ensure the high level of availability needed for our 24/7/365 operation to help us deliver on the needs of our customers.”

Peter McKay, newly appointed president and chief operating officer at Veeam, said: “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.

“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.”

Phil Goodwin, research director for protection, availability and recovery at IDC, said: “Veeam continues to show strong revenue growth, even in the face of market headwinds.

“The overall data protection and recovery software market grew just 0.9% in 2015 as measured in current dollars, yet Veeam grew at 21.5% despite a sharply stronger US dollar. In order to reach the company’s stated goal of $1 billion annual revenue in 2019, it needs to average 30% YoY growth. These recent results put it on that pace and then some.”

So, how can you enter Veeam’s competition to win a zero-gravity flight, where you’ll be weightless? Presumably this is also a play on Veeam making you wait less for 24/7/365 availability.

Well, the link is here – I entered the competition myself earlier and this link gives me more chances to win, so please click it. Once you answer the very easy multiple choice questions, which you’ll either be informed were right or wrong, you’ll be in the draw and you’ll get your own personalised link to share, too.

More below, please read on:

Veeam sky high

So, what are some of Veeam’s additional highlights from Q2 2016?

These include:

  • Veeam announcing that it has appointed Peter C. McKay, most recently senior vice-president and general manager, Americas, with VMware, as its president and chief operating officer, and promoted William H. Largent, currently executive vice-president, as its new chief executive.
  • Veeam says it "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% in the number of transactions year-over-year. The VCSP programme has grown to more than 12,400 service and cloud providers worldwide, with more than 1900 licensed to provide services for Veeam Cloud Connect.
  • A total of 205,000 customers worldwide: Veeam says it added "12,500 total paid customers in Q2 2016, an increase over the historical average of approximately 3500 new customers each month".
  • "11.8 million virtual machines are protected" with Veeam Availability Solutions.
  • Expansion to 41,000 ProPartners worldwide: Veeam says its "commitment to the channel continues to attract new resellers and VARs to availability solutions".
  • Microsoft Hyper-V new licence 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 recognised standard for excellence in the industry, and Veeam says it is "honoured to be recognised as part of this elite group".

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Alex Zaharov-Reutt

One of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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