Globally Veeam was on the same ascent with revenue of $474 million, a 22% increase over the previous fiscal year, and 34 y-o-y revenue growth in enterprise orders.
“Veeam has become the standard in the [backup] availability market. Enterprise demand for our solutions continues to accelerate rapidly,” said Ratmir Timashev, CEO of Veeam. “Our results are in stark contrast with the declining revenue performance of the largest legacy backup competitors.”
Veeam 2015 highlights include the year-over-year revenue growth for:
- 94 percent specifically for Veeam Availability Suite Enterprise Plus edition;
- 54 percent for all editions of Veeam Availability Suite;
- 36 percent for the Veeam Cloud & Service Provider (VCSP) program;
- 34 percent year-over-year revenue growth in enterprise orders.
Veeam’s release of its Availability Suite v9 fueled growth in the enterprise sector. With more than 250 new innovative features and enhancements it positions Veeam to dominate this enterprise sector.
“Veeam has achieved remarkable growth, rising from a start-up in 2007 to becoming one of the top five data protection software vendors in 2015,” said Phil Goodwin, Research Director, IDC. “The company’s 22 percent growth rate is substantially higher than the overall market’s 6.3 percent CAGR that IDC expects through 2019. It has developed a substantial ecosystem of resellers and integrators around its DRaaS capability. IDC forecasts the cloud recovery as a service market overall to grow at a 21.44 percent CAGR over the next five years and Veeam has positioned itself to be a strong competitor in this market.”
The cloud has also been a massive driver of its success, especially as the demand for Disaster Recovery as a Service (DRaaS) intensifies. The extended functionality of Veeam Cloud Connect for VM replication and the failover capabilities in Veeam Availability Suite v9 give service providers the ability to provide their customers with cloud-based DRaaS. 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 75 percent in the number of transactions year-over-year. The VCSP program grew to more than 10,000 service and cloud providers worldwide in 2015, with more than 1,000 of those partners licensed to provide services for Veeam Cloud Connect.
"Veeam Availability Suite v9’s release is a game-changer for the DRaaS market,” said Ian McClarty, President at phoenixNAP, a Veeam Gold VCSP Provider. “The new Veeam Cloud Connect Replication feature will allow us to bring true disaster recovery services, with strong SLAs, to enterprises of all shapes and sizes. Together with its world-class ProPartner community, we are excited to continue to deliver on Veeam’s promise of enabling the Always-On Enterprise.”
During Q4 2015, Veeam also achieved the following:
- Surpassed $1.5 Billion in Lifetime Bookings Revenue: Since the company first introduced its flagship product Backup & Replication in February 2008, it has generated more than $1.5 billion in revenues (without any venture capital financing);
- Total Bookings Revenue: It reported 55% growth in total bookings revenue in Q4 2015 compared to Q3 2015.
- 183,000 customers in 200 countries: It added close to 15,000 total paid customers in Q4 2015. Veeam’s availability solutions now protect 10.6 million virtual machines worldwide.
- Expansion to 37,000 ProPartners worldwide: Veeam’s commitment to the channel continues to attract new resellers, service providers and VARs.
- Employee growth: It now employs more than 2,000 people worldwide.