Veeam Hits A Billion Dollar; Gets Bullish On Hybrid Cloud


Veeam has surpassed 350,000 customers, adding new customers at a rate of more than 4,000 each month

Veeam Software, a specialist in data backup and management is looking for innovative ways to increase its revenue in the global market. On the first day of its flagship event, VeeamON 2019 in Miami, the decade old company made a slew of announcements around cloud and intelligent data management, on strengthening its leadership in Cloud Data Management and on the next stage of its success story.

Journey to $1 billion

At the event, senior executives announced that Veeam has exceeded $1 billion in annual bookings, joining an elite group of software companies to achieve this milestone. At the same time, Veeam has surpassed 350,000 customers, adding new customers at a rate of more than 4,000 each month, illustrating the success of the first act in its evolution.

“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, something we predicted in 2013 and we’d achieve this in less than six years and we have,” Ratmir Timashev, Co-Founder and EVP Sales & Marketing at Veeam said.

In the last 10 years, Veeam has been a leading provider of backup, recovery and replication solutions. Initially focused on server virtualization 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.

It has in the process partnered with leading cloud, storage, server, HCI and application vendors to provide the most robust Cloud Data Management platform on the market.

Bullish on hybrid cloud

The company sees a huge opportunity in hybrid cloud, and is expanding further into this area for data backup, recovery and management. As Timashav informs, “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, data management and data protection in the hybrid cloud is the next big opportunity for Veeam.”

With its 60,000 channel and service provider partners and a big ecosystem of technology partners, including Cisco, HPE, NetApp, Nutanix and Pure Storage, Veeam executives believe, the company is now positioned to dominate the new Cloud Data Management in its Act II. “Our vision and strategy for the hybrid cloud will see us deliver the kind of success others can only dream of,” said Timashev.

“Our strategy has always been to be open and agnostic by working with a broad ecosystem of partners to better serve our mutual customers’ needs,” he emphasized.

Focus on hyper-availability for the enterprise

Speaking on the importance of hyper-availability for the enterprise, Shaun McLagan, Senior Vice President – Asia Pacific and Japan of Veeam, explained, “Availability has been traditionally associated with business continuity and backup and recovery to ensure that businesses are up and running. But with increasing complexities in managing enterprise data, there is a need that data must evolve from basic Backup and Recovery solutions, to a much higher level of intelligence where data learns to respond instantly and appropriately to what actually happens anywhere across the enterprise data infrastructure.”

Veeam Hyper-Availability Platform provides the integration, visibility, orchestration, intelligence, and automation to evolve data management from policy-based to behavior-based, and from manual management to intelligent automation. This enables the provisioning and management of the massive, constant flows of data running across highly distributed, multi-cloud infrastructures to be securely automated, self-learning, and optimally orchestrated.

“Enterprises that run on Veeam Hyper-Availability Platform respond faster to any business need, see tremendous improvements in efficiencies, and are much more agile when it comes to delivering new digital services and experiences to customers,” said McLagan.

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Sohini Bagchi
Sohini Bagchi is Editor at CXOToday, a published author and a storyteller. She can be reached at [email protected]