Veeam Sets Becomes the Next Billion-Dollar Software Company

Veeam has modified its business growth; declared as part of its 2017 results, as the most successful year in the company’s decade-long history and crossed expectations by attaining $827M in total bookings revenue in 2017, an increase of 36% year-over-year.

In record-breaking results, Veeam reported 62% growth in enterprise deals and a massive 500% annual growth for deals over $1 million. The company’s continued innovation, enabling Availability of virtual, cloud and physical workloads for enterprises of all sizes have driven the success of the company.

Cloud has been the fastest growing segment of company's business for the past nine consecutive quarters. In 2017, it reported 50% YoY growth in its cloud business. With an increase of 57% YoY in cloud bookings for Q4 and more than 1.1 million VMs now protected with cloud services from Veeam Cloud & Service Provider (VCSP) partners, the company’s cloud momentum is increasing.

Customer wins have also contributed to its stellar performance. With 282,000 customers, the company continues to average 4,000 new customers each month and closed more than $500,000+ deals in 2017 than in the past six years combined. Customers such as The Ameritas Life Insurance Company, Skullcandy, Follett and LLC are some of the customers added in 2017.

On the Partner front, more than 1,000 Veeam and HPE joint opportunities have been closed as a result of Veeam joining the HPE Complete Program, enabling customers to purchase complete HPE and Veeam solutions directly from HPE and its resellers.

Additionally, it expanded its partnerships with enterprise solution providers, including integrations with IBM Cloud, VMware (by announcing Veeam Availability Suite for VMware Cloud on AWS), Pure Storage, Nutanix, and N2WS.

The company recently announced the release of Veeam Availability Suite 9.5 U3, which allows organisations to replace multiple legacy backup products with a single, consistent platform to ensure availability.

This most recent release extends the industry-leading VMware vSphere and Microsoft Hyper V data protection to deliver No.1 Availability for any app, any data, across any cloud from a single “pane of glass.”

Additionally, Veeam has also opened registration for VeeamON 2018, the world’s Premier Availability Event, which will take place May 14 – 16, 2018, in Chicago, IL. Nearly 10,000 customers, partners and influencers attended VeeamON 2017 in New Orleans, LA and the regional VeeamON Forum events held all around the world.